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Cycle News 2025 Issue 04 January 28

Cycle News is a weekly magazine that covers all aspects of motorcycling including Supercross, Motocross and MotoGP as well as new motorcycles

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The hearing also revealed KTM has reduced its workforce by close to 500 since the self- administration proceedings started. As AKV cited, the origi- nal number of 2477 employees that were in work at the close of last year has fallen to 1991. Contracts of three members of the KTM executive board were also terminated. Yet there are grounds for optimism and reason to believe KTM could still emerge from this predicament and meet the 30 percent repayments of its vast debts. Despite its produc - tion line currently at a standstill, the company will continue to operate. And according to AKV, "KTM's parent company Pierer Mobility AG commissioned Citigroup Global Markets Eu- rope AG ("Citibank") to find an investor solution. This process is underway, and a total of 23 potential investors are partici- pating." Speaking to the Austrian press after that hearing, Neu - meister said, "We have com- pleted the second stage of the 90-day restructuring proceed- ings. And there are only three reasons why KTM is still alive: the tireless commitment of our employees, the loyalty of our customers, and because we have a fearless and highly professional insolvency admin - istrator. Thank goodness that's the case." Neumeister also gave a clear indication of KTM's desire to remain a crucial part of motors- port competition, with its recent success in the Dakar Rally proof of that. "Winning the most im- portant motorcycle category at the Dakar Rally is not just a sign of life, but shining proof that KTM can build the best motorcy - cles in the world," he said. "If the banks let us live to see this third stage [of the restructuring], we will be able to continue doing so in the future." Neil Morrison VOLUME 62 ISSUE 4 JANUARY 28, 2025 P29 Neumeister believes that should KTM survive the restructuring process, the company will continue participating in events like MotoGP and the Dakar Rally, which Aussie Daniel Sanders (below) won this year.

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