A well-known motorcycle manufacturer is facing bankruptcy

A well-known motorcycle manufacturer is facing bankruptcy. The Austrian motorcycle manufacturer KTM AG announced that it will file for bankruptcy on Friday and initiate a self-administration restructuring process. The parent company Pierer Industrie AG is also undergoing restructuring. Sales in Europe and the USA are significantly below the company’s expectations. Production now needs to be adjusted to demand in order to reduce inventory. Hundreds of jobs will be cut by the beginning of 2025. Our channel: Node of Time EN Source: Node of Time EN