Embattled Austrian OEM KTM AG reported the production lines were rolling again on the first day of spring (March 20). “After three challenging months, the moment has finally come: Production at KTM has resumed, and the first bikes rolled off the production line today.” Plans call for full capacity of the four production lines in single-shift operation to be achieved within three months.
CEO Gottfried Neumeister claims, “The restart begins with a single shift production line and our employees are delighted with this positive step forward.” As part of Pierer Mobility’s restructuring plan for KTM, the first requirement was: Liquidity of EUR 50 million secured for the ramp-up of production in March 2025. The next milestone will be coming up with 30% for the creditors — 30% is payable by May 23, 2025!
To wit: “In order to fulfil the quota of 30%, KTM AG must deposit an amount of EUR 548 million with the restructuring administrator by May 23, 2025 at the latest. The court will then confirm the restructuring plan at the beginning of June 2025 and the restructuring proceedings of KTM AG will end once it becomes legally binding.”
“A huge thank you to all our employees—because they are our most important driving force,” exclaims Neumeister. “We look forward to a bright future with confidence. Together, we can achieve great results!”
