--- title: "KTM Avoids Bankruptcy and Alleged BMW Takeover With Restructuring Plan" date: "2025-02-25" modified: "2025-02-25" authors: - name: "Nico DeMattia" job_title: "Contributing Writer" link: "https://www.thedrive.com/authors/nico-demattia" url: "https://www.thedrive.com/news/ktm-avoids-bankruptcy-and-alleged-bmw-takeover-with-restructuring-plan" categories: - "BMW News" - "News" - "News by Brand" --- # KTM Avoids Bankruptcy and Alleged BMW Takeover With Restructuring Plan ![KTM MotoGP bike on track in sunset.]() *\KTM\* Yesterday, it seemed like the sky was falling over [KTM's]() headquarters in Mattighofen, Austria. The famous builder of motorcycles and extreme open-wheel track cars was facing bankruptcy and [rumors were swirling]() that, if its creditors didn't approve of a restructuring plan, BMW could end up buying the company. Today, we received [confirmation]() that KTM is officially staying put under existing management, as creditors signed off on the plan earlier this afternoon. KTM owes nearly $2 billion, which isn't something creditors are just going to forget about because of restructuring. To keep them happy, the Austrian bike maker needs to pay 30% of its outstanding claims in one lump sum of $575 million by May 23, 2025. If KTM can deliver that massive cash dump by its due date, its creditors will confirm the rest of the repayment plan by early June. After that, this whole ordeal is officially over. ![KTM bike and car on track]() **Philip Platzer/KTM** To help get KTM back on its feet and manufacturing bikes and wild racers again, it's getting a $50 million shot in the arm from its shareholders over at its parent company, Pierer Mobility. That will give the brand some liquidity, so it can get four production lines up and running on single shifts within three months. More critically, *[Motorsport.com]()* notes that the company has received a sizable influx of cash from an anonymous investor. Today's news should come as a relief to both KTM fans and the people of Mattighofen. When the report of a BMW Motorrad takeover began, so did the rumor of the brand's Austrian headquarters being shuttered. It was alleged that BMW was planning to move all production to India, where KTM already builds some vehicles. Such a move would have cost thousands of jobs in Austria and obviously damaged the local economy. While that idea never made much business sense to begin with, no one has to worry about it now—so long as the cash keeps flowing, anyway. Hopefully, normal activity at the plant will resume in due time, and KTM can keep building dirt bikes, street bikes, and the famous X-Bow for the foreseeable future. *Got tips? Send 'em to tips@thedrive.com* ## Author Nico is a writer and reviewer from New Jersey who probably thinks he’s a lot funnier than he actually is. His love of cars began when he was just a kid playing Gran Turismo 3, grinding out enough race wins with a Mazda Miata to save up for an in-game RUF 911. That passion for small, lightweight sports cars drove his desire to learn more about the industry, get his hands on as many cars as he could, and bring those experiences to life on the page. He cut his teeth writing about BMWs, Volkswagens, and Audis, mostly, and has owned far too many of each. He’s on his fourth 3 Series sedan, but all of his old, cheap German cars have forced him to learn more about car maintenance than his mechanical capability can handle. Too many late nights have been spent scrambling to get a car running by morning so he could get to work. For some reason, he never seems to learn that old Bimmers probably aren’t the best daily drivers. But he loves more than just old German cars. He’ll gladly drive and discuss anything with four (or even three) wheels. Cars aren’t his only passions, though. Nico is also a big nerd and loves movies, video games, comic books, and cares far too much about the New York Giants. So don’t be surprised if you see football references or dumb, obscure movie quotes in any of his car reviews. ### Author social links [Instagram]() [LinkedIn]()