A KTM self-administration process for 90 days will begin this week in an effort to restructure the company and to work through its current financial difficulties.
In an effort to resolve its financial difficulties a KTM self-administration process will begin this week for a period of 90 days. KTM CEO Stefan Pierer and recently appointed Co-CEO Gottfried Neumeister addressed the company’s 5000+ employees unveiling a comprehensive plan to navigate the current financial challenges.
“Over the past three decades, we have grown to become Europe’s largest motorcycle manufacturer. We inspire millions of motorcycle riders around the world with our products. Now we are taking a pit stop for the future,” Pierer said. “The KTM brand is my life’s work, and I will fight for it.”
According to a press release from the company, “KTM, which has grown from 160 employees and a production volume of 6000 units in 1992 to a capacity of up to 1000 motorcycles per day, is now facing significant hurdles. To address these, KTM will initiate a legal restructuring proceeding with self-administration. The application will be submitted on Friday, 29 November, with the goal of concluding the process within 90 days.”
Gottfried Neumeister, who joined the Executive Board as Co-CEO with Stefan Pierer in September 2024 said, “The enthusiasm of our employees is our most important competitive advantage. Their passion is the reason why KTM is globally synonymous with peak performance. We build our motorcycles reliably and robustly for every race, for every terrain. Now it’s about making the company robust. Robust for the future. So that we can quickly focus again on what we do best: building the coolest motorcycles in the world.”
Pierer and Neumeister emphasised the importance of the employees’ commitment and support during this period, stating, “Together, we have made KTM a success story, and together, we will carry KTM into the future.”
You can watch Pierer and Neumeister address “KTM friends” directly at this Youtube link.
