The House of KTM continues to see dominoes fall after its near bankruptcy, death, and dismemberment only a few short months ago. While the group of companies, of which GasGas and Husqvarna are also included, was saved by one of KTM's prime investors and active partners, i.e., Bajaj, things aren't on as steady footing as the companies would have you believe.
A restructuring of the company's operations is occurring, as before the insolvency proceedings, the group was nearly $2 billion in the hole. And that comes from a lot of money mismanagement, heavy sales losses, sky-high-priced motorcycles, and so much more. One of the "more" portions is the company's racing arm, which was part of a host of racing series around the world and across the brands.
We're still waiting to see if Bajaj keeps KTM in MotoGP, and we don't know what will occur with Husqvarna, but we now know that GasGas won't be continuing with any factory trials race teams going forward. And that's only a few days after it announced that GasGas would be moving production from Spain to Austria.
