Pierer Mobility AG announced a “pit stop” for KTM AG, filing for insolvency by self-administration proceedings over th

Pierer Mobility AG, the owner of several motorcycle and scooter/e-bike brands, announced last week that its subsidiary KTM is undergoing a self-administered restructuring to shed debt without involving bankruptcy courts.

KTM’s financial troubles are much worse than many suspected. The company has entered self-administration to undergo a restructuring process in an attempt to stave off bankruptcy. Is a total collapse of one of the world’s leading motorcycle manufacturers near?