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KTM Motorcycles enters self-administration, 90-day restructuring plan to avoid bankruptcy

  • Austrian motorcycle maker KTM will enter self-administration and initiate a 90-day restructuring plan to avoid bankruptcy.
  • The company aims to conclude the process within 90 days and present a credible restructuring plan to address the current debt and ensure future continuity.
  • KTM currently carries a debt of around 1.5 billion euros, attributed to the purchase of MV Agusta and other factors.
  • The company's share price has also declined significantly, with a loss of 84% and a decline in sales and slow-moving dealer inventory.

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