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KTM Facing Insolvency: Effects on Upper Austria and the Austrian Economy
The longstanding Austrian motorcycle manufacturer KTM is on the brink of collapse. The company filed applications for restructuring proceedings with self-administration with the Ried Regional Court. The company's financial difficulties are serious: with liabilities of over 1.8 billion euros, the KTM crisis is one of the biggest insolvencies in the history of Austrian industry.
KTM AG, based in Mattighofen in the Innviertel region, is facing major financial difficulties. / Picture: © Wikimedia Commons; KTM AG, CC BY-SA 4.0 DEED (https://creativecommons.org/licenses/by-sa/4.0/deed.en)
The consequences are far-reaching and affect not only the company's almost 3,700 employees, but also suppliers, regional economic cycles, and Austria's image as a location for innovation.
A crisis with an announcement
KTM, known for its high-performance motorcycles and international success in motorsport, has come under increasing pressure in recent…
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