Restructuring planned
Pierer
Liabilities of around two billion euros, almost 3,300 creditors and more than 3,600 employees fearing for their jobs - the insolvency of KTM is one of the largest company bankruptcies in Austria since the Second World War. Two questions are of particular concern: How could this happen? And: What contribution is owner Stefan Pierer making to restructure the motorcycle manufacturer?
Kronen Zeitung als bevorzugte Google-Quelle hinzufügen The external authorized dealers bought large quantities of motorcycles, which they were no longer able to sell in 2023; 130,000 motorcycles are in stock, which ties up an enormous amount of capital; demand in the USA is stumbling; in addition, production costs in Austria have risen sharply - this is how KTM AG explains why it was able to accumulate such a large amount of debt.
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