KTM Halts MotoGP Development as Financial Crisis Deepens!
KTM Halts MotoGP Development as Financial Crisis Deepens
KTM’s MotoGP bosses have decided to pause the development of their bikes amid a severe financial crisis facing the Austrian manufacturer, according to Motorsport.com. This decision is one of the measures included in the plan aimed at safeguarding KTM’s sporting project after the manufacturer declared insolvency last week.
It was recently revealed that KTM, part of the Pierer Mobility group, has a debt of around 3 billion euros, a much larger sum than initially expected. Motorsport.com has learned that MotoGP officials held a meeting at KTM’s workshop during the last race of the season in Barcelona, where they informed everyone present of the company’s delicate financial situation.
At the same meeting, staff were reassured that the sporting project would continue to compete in the world championship. In addition to emphasizing the cost containment policy that has been in place for some time, the parties also discussed the pause in the development of the bikes that will be ridden next year by Pedro Acosta and Brad Binder in the factory team, and by Maverick Vinales and Enea Bastianini in the Tech 3 team.
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KTM MotoGP, financial crisis, motorcycle development, insolvency, racing program, debt management, sports investment
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Video created on 03/12/2024 01:56:54
Video updated on 03/12/2024 02:01:21
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