KTM files for insolvency

[tankuroded]

Terrifying: KTM AG and subsidiaries face €2.9 billion in debt and over 2,000 creditors

This Friday, KTM filed documentation to initiate insolvency proceedings in an Austrian court, revealing an alarming debt of €2.9 billion.

motorcyclesports.net

 

[MIE1992]

Man, and here I was hoping we'd get the X-Bow GT4 and GTX GT2 in Gran Turismo, too - or at least the former.

 

[EngieDiesel]

I expect some very hard scrutiny of the company's management and financial practices coming in the next couple months. Running up that much debt with that many creditors is quite the eyebrow-raiser.