KTM, an Austrian motorcycle maker, enters self-administration to restructure and secure its future.

KTM, an Austrian motorcycle maker, will enter self-administration on Nov. 29 to restructure after failing to secure needed interim financing. The company aims to agree on a reorganization plan with creditors within 90 days to ensure its long-term survival. CEO Stefan Pierer assured employees of the brand's future, despite expected negative financial results and potential staff cuts. The restructuring will not affect KTM's MotoGP project.

4 months ago
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