What will happen to Pedro Acosta now that KTM has filed for bankruptcy?
Pedro Acosta, KTM MotoGP rider Europe Press
With Pedro Acosta’s move to KTM, Maverick Viñales will take his place in the MotoGP satellite team.
November 30, 2024 . Updated at 7:28 p.m.
One season in MotoGP was enough Pedro Acostawho was Moto3 champion in 2021 and Moto2 champion in 2023 to make the jump from GasGassatellite team KTMfactory team for 2025. However, the talented racer from Murcia from 20 years saw KTM declare bankruptcy and that decision also had an impact Brad Binderwho will be his partner in the next campaign; and Maverick Viñales and Enea Bastianini, who will take part in the famous race in 2025 Red Bull KTM Tech3.
The Austrian consortium KTM AG, the largest European motorcycle manufacturer, declared bankruptcy this Friday with a debt of almost 3 billion euro, calling for a judicial restructuring procedure, public television reports RUF. The insolvency case was filed at the Regional Court Ried im Inkreis in Upper Austria and also covers the subsidiaries KTM Components GmbH and KTM F&E GmbH.
Matthiofen-based KTM AG, part of Pierer Mobility AG, recently warned that it was unable to raise the necessary funds to pay off its debts, which amount to 1.8 billion euros, with about 2,500 creditors.
According to the request for restructuring of the local government, together with the liabilities of its two subsidiaries, it is estimated that the total outstanding funding needs amount to approximately 2.9 billion euro, explained the Association of Alpine Lenders (AKV).
Three bankruptcies that will affect 3623 employeesattributed to a drop in demand, which, among other consequences, led to a surplus of 130,000 units of the company’s motorcycles, as well as an increase in production costs.
KTM, known around the world for its high-performance motorcycles and the motorcycle team that will feature Pedro Acosta next season, has already begun cutting staff and production. The latter will be suspended in the coming months – January and February. In the short term, it, for its part, plans to eliminate at least 500 jobs.
KTM bankruptcy will not affect Pedro Acosta
As part of the reorganization plan with creditors, KTM’s current management will retain control of the company, operating under judicial supervision during its implementation. Therefore, the restructuring will not affect the MotoGP program. Thus Pedreo Acosta and Brad Brinder, as well as new additions Maverick Viñales And Enea Bastianiniconfirmed their continuity in the highest category of motorcycling.
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Among the competitive programs presented by KTM, Dakar suffered the most. The Austrian manufacturer has only three frames left out of the six that participated in the previous release.