Following the January 24 developments in KTM's restructuring process, KTM North America naturally wanted to assuage the concerns of its dealer network. So it sent a letter to dealers informing them of the updates learned at that most recent hearing, as well as underlining its plans to support its dealer network through this difficult period.
The letter, which RideApart has seen, refers to the restructuring process as being "2/3 successfully completed." It also notes that the interest from potential investors has so far not resulted in any binding, signed agreements, but has been strong enough to allow the court to continue giving KTM leeway to self-administer its restructuring process. The troubled OEM characterizes this as "a clear vote of confidence in our future viability." It then goes on to state that, "we are now entering the third and final phase of this process."
And then, we get to one of the pieces of information that has so far dominated international headlines regarding KTM's most recent developments: Stefan Pierer's move away from his previous CEO title. I'll quote the KTM letter to its dealer network directly here, so you can see how it's phrased with no interjection on my part.
