Debts of around two billion euros, almost 3,300 creditors and more than 3,600 employees worried about their jobs – KTM’s bankruptcy is one of the largest corporate bankruptcies in Austria since World War II. Two questions are of particular importance: How did this happen? And: What contribution does owner Stefan Pierer make to the reorganization of the motorcycle manufacturer?
The third-party dealers bought large quantities of motorcycles, but would no longer be able to sell them in 2023; There are 130,000 motorcycles in stock, which means a huge amount of capital is tied up; demand in the US is stumbling; In addition, the sharply increased production costs in Austria – this is how KTM AG explains why it was able to build up such a high mountain of debt.
Source: Krone
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