For KTM AG, the checkered flag is nowhere in sight as Europe’s largest motorcycle manufacturer takes a sharp turn into insolvency proceedings in the form of self administration. There were signs of KTM’s fall from grace, but this makes it official.
Announced by Pierer Mobility AG, this “pit stop” sees KTM, Husqvarna, GasGas, and MV Agusta brands thrown into the hands of Austria’s self-administration restructuring process. CEO Stefan Pierer, who once steered KTM to record revenues, vows to fight for his “life’s work,” but the numbers paint a grim picture.
Continue reading “Self Administration: A KTM Pit Stop or the End of the Race?”