The Pierer Mobility Group has announced that🎉 KTM AG’s restructuring plan to pay back creditors and ensure its survival was accepted in a regional court in Austria on Tuesday.

The Austrian firm entered into self-administration on 29 November 2024 as it looked to stave off bankruptcy having fallen into a major financial crisis over ꦛthe course of last year.

Staff layoffs, a pause in production, CEO Stefan Pierer stepping down and a s🍌caling back of🍰 its factory racing programmes all followed as KTM tried to navigate the situation.

Winning key regional court milestones over the past few months, KTM’s dec🧸isive day was Tuesday 25 February when its restructuring plan would be voted on by creditors.

With debts at over €2 billion, KTM’s restructuring plan vowed to pay back 30% to creditors - initially within two🉐 years, but that has been accelerated to be completed by the end of May 2025.

That plan was accepted by creditors, who will receive a combined €548 million, whi🌜ch will be deposited with the restructuring administrator by 23 May.

The courts wil✃l then confirm the restructuring at the start of June, whereby the proceedings will be official ended once legally binding.

KTM must f👍ind that investment, though various re🌳ports in recent weeks state up to €900 million has been pledged from numerous entities. 

It means KTM can 𓄧begin production again from mid-March, with investment of €50 mil🐲lion being provided to KTM from shareholders.

KTM did not name these shareholders, but a💃 report in The Hindu in India states Bajaj Auto - who owns 49% of KTM - pledged the €50 million loan.

KTM's MotoGP future remains uncertain

It’s unclear yet how this affects KTM’s MotoGP project, which was initially said to have a “planned” end by 2026 under the restructuring proceedings back in December🦩.

KTM confirmed in December that it was carrying on as planned in 2025, and talks of it having to pull out at 𓆏the ♈end of 2026 have gone quiet since the initial court report stating as such last year. 

Read more: KTM MotoGP project stands defiant amid company chaos

The company has scaled back its factory support to 40 riders across all♏ disciplines in 2025, while sister brands like GASGAS and Husqvarna have disappeared from the grand prix grid. 

Despite 🌼all of this, KTM won the Dakar Rally in January. 

The uncertainty over its MotoGP programme has led to intense speculation about 168澳洲幸运5官方开奖结果历史:Pedro Acosta's future, with last year's rookie sensation linked to moves elsewhere on the grid for 2026 despite having a multi-yea⛄r deal with KTM. 

Earlier this month, Acosta said a factory visit allowed him to get a true understanding of what was happening at KTM behind the scenes and told the media that it was 168澳洲幸运5官方开奖结果历史:"night and day" different to what he had been reading. 

No word on BMW investment rumours 

Earlier this week, Austrian media reported 168澳洲幸运5官方开奖结果历史ജ:that BMW was an interested inves🧔tor in KTM - though this claimed that the operation wo꧟uld be relocated to Germany, while production would move to India. 

This would mean all 4500 staff members at K🅘TM's Austrian base being laid off. 

However, Crash understands that theꩵse reports were likely wide ๊of the mark. Neither KTM, nor BMW, has commented on these rumours.

An investment from BMW, though, would seem unlikely currently as the manufacturer ꧃is facing ꦫits own financial crisis as a recession grips Germany. 

A report earlier this year stated that 23 parties wanted to invest capital into KTM to save🥀 the brand.