🧔Following a meeting between KTM management and the restructuring administrator, it is being reported that the brand’s debt total has risen to above €2 billion.

KTM has beꩲen desperately trying to stave off bankruptcy having descended into a financial crisis last year as a result of declining sales, overproduction and a business expansion that hasℱn’t worked.

It entered into self-administration late last yea൲r and is currently trying to raise funds frꦍom investors to help pay off debts.

The current restructuring plan states that 30% of de൩bt to creditors will be paid off within a 🍸two-year period, which is something that will be voted on in a hearing on 25 February.

Initially debts were reported at around €1.8 bill🀅ion.

However, following a general examination hearing at the Regional Court of Ried Im Innkreis, the Alpine C๊reditors Association (AKV) announced that debts were now up to €2.185,34🅘4,613.84.

Agaꦐinst KTM AG, 3535 claims have been filed - 2347 from employees and 1187 from creditors. This number is expected to rise, according to the AKV.

A GPOne report recently stated that investment of up to €900 million had been put forwaꦯrd by potentially interest♓ed parties.

But the Itali⭕an publication says this has not yet been made official.

The AKV report states that 23 ඣpotential investors have now expressed interest, with KTM tasking Citibank for this process.

Those in🌠vestors are reported as “both st🐻rategic investors and financial investors” by the AKV.

While the 30% pay💫back to creditors, which is the statutory minimum offer, is the plan on the table to be voted on, GPOne reports that some creditors ಞare not happy with this.

On Thursday evening, the Pierer Mobility Group - which KTM is part of - 168澳洲5最新开奖结果:announced that CEO Stefan Pierer was stepping down from his position.

Pierer built up KTM into Europe’s largest motorcycle manufacturer, but his pꦚo🦋sition has been in doubt since restructuring proceedings began.

He has𝔍 been repl❀aced by Gottfried Neumeister, who previously acted as co-CEO.

Pierer will continue🎃 to be a part of the restructurin🦹g proceedings despite stepping down as CEO of PMG.

Where the previous AKV report in December noted that there♔ was a “planned” with🅷drawal from MotoGP by KTM, the latest meeting made no mention of this.

KTM has already committed to MotoGP for the 2025 season and will launch its seaso🌄n on 30 January.