KTM’s MotoGP project is apparently poised to be cancelled as part of cost-cutting measures as the firm enters insolvency procedures. During Friday’s creditors’ hearing at Austria’s Regional Court, it was announced that the brand would continue to operate under self-administration while resolving its €1.8 billion debt. Investors have shown interest in a €700 million dividend to fund restructuring efforts. However, KTM’s most recent statement shows that the Austrian motorcycle manufacturer is committed to its racing endeavours, including Moto2, Moto3, and MotoGP.
Staff layoffs have been reduced from 500 to 300, with plans to pay November and December salary by late January if all goes as predicted. However, facts regarding the MotoGP project were first vague, raising questions about its future. KTM issued a statement on Friday, but no mention was made of the future of its MotoGP effort.
What made matters worse was a statement issued by the Alpenlandischer Kreditorenverband (AKV), the creditor protection authority, stating that KTM’s participation in Moto2, Moto3, and MotoGP was being withdrawn to save money. To clarify, KTM has notified Crash.net that it remains dedicated to the MotoGP project. The statement reads:
“Today is a watershed moment for KTM, as our restructuring proceedings are confirmed. This milestone solidifies our plan for the future, and we are pleased to announce that motorsport will continue to play an important role in this restructuring.
“KTM is completely committed to motorsports. We reiterate our promise for 2025: we will continue to compete in MotoGP!
“We are reenergised with today’s positive outcome and thank you for your support.”
The comment is consistent with Pedro Acosta’s manager, Albert Valera, who verified following a visit to KTM’s headquarters in Mattighofen, Austria, that the company is still committed to its MotoGP program despite financial constraints. During discussions with top KTM executives, Acosta sought assurances regarding the crisis’s potential influence on the brand’s racing operations. KTM answered positively, stating that the MotoGP project is unaffected by the current scenario. Valera said:
“Pedro and I had the opportunity to visit to Austria to see firsthand the current state of the KTM project in MotoGP.
“Despite the delicate situation that the company is facing, the mood is upbeat.
“We have always been informed that racing is the essence of KTM, and that they will work tirelessly to win the title.
“Pedro is committed to the project and feels more relieved and confident after the meeting.”
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