German car and motorcycle manufacturer BMW is rumoured to be interested in buying KTM, but wants to remove the operation from Austria, according to loc💦al medi⛦a.

KTM, Europe’s largest motorcycle ma🉐nufacturer, is in the midst of a restructuring process after it entered into self-administration late last year owing to a financial crisis.

On Tuesday, creditors will vote on this restructuring,🤡 which would see KTM pay back 30% of its reported €2-plus billion debts 🔯by the end of May.

Should the vote n♈ot go in KTM’s favour, it will likely have to declare bankruptcy.

Ahead of Tuesday’s vote, a report from in Austria states that BMW Motorrad is keen to buy KTM but take the brand out o🦩f Austri🌳a.

According to oe24, BMW would relocate KTM’s research and development to its Munich base while production would be don🎃e in India.

As a result, all 4500 memඣbers of staff currently employed by KTM in Austria would be laid off by the end of 2025.

KTM’s suppliers in Austria would also lose out in this deal, with BMW using its own supply lin🔯e.

The oe24 report - which it says comes from a source close to the KTM situation - claims that BMW moving KTM out of Austria and laying off all staff would leave a bill𒉰 of €225 million for taxpayers as the Republic of Austria’s insolvency burden equalisation fund would have to pay the ousted workers.

A KTM buyout by BMW would also likely have an effect on the Austrian brand’s MotoGP project.

Over the past year, BMW has expressed an interest in potentially joi༺ning the MotoGP grid, though nothing concrete has ever come to frui💙tion.

BMW currently races in the World Superbike Championship and wo🍸n the title last year wi𒉰th Toprak Razgatlioglu.

🌜Prior to these latest reports, KTM is said to have found up to €900 million in funds from outside investors which would cover its 30% debt repayment to creditors.