It was the second largest bankruptcy to occur in Lower Austria in 2023. The Lower Austrian KSR Group is gathering new courage with a restructuring plan. Even though the entire car industry is in crisis.
A special type of Corona victim is the KSR group from Gedersdorf in the Krems district. There things – or in this case the two-wheeler – turned out very differently: With the outbreak of the pandemic, brothers Michael and Christian Kirschenhofer had an incredible success. In the best year, company turnover increased from 140 to 300 million euros. “Motorcycles and e-bikes were suddenly the only objects that gave you a feeling of freedom,” emphasizes Michael Kirschenhofer, who runs the company together with his brother Christian, in the interview with “Krone”.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
