On Tuesday 25 February, D-Day is for KTM, it will become clear whether the curtain falls for the Austrian motorcycle manufacturer, or whether the creditors agree with the reorganization plan. According to the latest rumors, BMW has shown interest in KTM, but wants to move all activity from Austria.
Last week KTM took a first hurdle in the rescue plan that was launched last year to prevent bankruptcy from having to be requested – due to mismanagement, KTM had a debt of more than 2 billion euros. On February 20, the creditors agreed to the European restructuring plan, but February 25 is D-Day, it will become clear whether the creditors agree with the proposed plan.
According to Pierer, an amount of 900 million euros has already been raised for new investors, with which the 30% debt burden can be paid, but even before the vote on Tuesday, the Austrian OE24 states that BMW Motorrad wants to buy KTM and then remove the brand from Austria. According to OE24, BMW would like to move the R&D department to its own basis in Munich, while production would go to India.
That would mean that not only all 4,500 employees who are currently working at KTM in Mattighofen will be fired by the end of 2025, but it would also mean drama for all suppliers in the region, because BMW would use its own supply line.
The message on OE24, which says he comes from a source close to the KTM situation, claims that BMW would present a bill of 225 million euros with the relocation of KTM from Austria and the dismissal of all staff, since The compensation fund for the insolvenile burden of the Republic of Austria should pay the dismissed employees.
– Thanks for information from Motorfreaks.