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Ktm

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business1 year ago•6 min saved

KTM Parent Company Enters Insolvency to Restructure Debt

Pierer Mobility, the parent company of KTM, Husqvarna, and GasGas, has declared insolvency due to financial difficulties stemming from slowing sales and overstock issues. The company plans to undergo judicial restructuring with self-administration to reorganize and secure its future. This process aims to agree on a reorganization plan with creditors within 90 days, involving significant production cuts and stock adjustments. Despite the financial crisis, KTM continues to innovate and release new models, with a focus on emerging stronger post-restructuring.

via Racer X Online|

#business #insolvency #ktm

motorsports2 years ago•2 min saved

KTM's MotoGP Bike Falls Short in Comparison to Ducati

KTM's updated MotoGP bike, the RC16, showed promising performance at the Japanese Grand Prix, with Brad Binder setting a new lap record in practice and finishing second in the sprint race. However, Binder identified areas where the bike still lacks compared to Ducati, particularly in terms of rear tire wear and corner exit. While confident of further improvements with the carbon fiber chassis, Binder acknowledged that the RC16 is only a small step towards consistently challenging Ducati for the championship. Teammate Jack Miller also had a solid performance with the new bike, finishing fourth and sixth in the respective races.

via Motorsport.com|

#brad-binder #ducati #ktm