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Sport

There's a Rumor Can-Am Owner Wants to Buy KTM, But Only At Firesale Price

There's no shortage of news on KTM at present. The Austrian motorcycle brand has increasingly become the topic of everyone's conversation as, well, they done screwed up. And screwed up badly. 

Last year, the brand announced that it was basically going under, entered insolvency protection, stated it sold almost no motorcycles, had a year's worth of inventory sitting on lots, owned billions to creditors, bought and then re-sold MV Agusta, was forced to announce it'd leave MotoGP by 2026, and faced countless layoffs. 

This year, however, was meant to turn it around, as an investor was found to help keep it afloat—Bajaj—and production, which had been paused in November, finally resumed in March. But then it was paused again as the debt repayment plan it had agreed to fell through. Likewise, the failure of the repayment plan, along with other factors, has spurred a power struggle within KTM's board of directors that could finally lead to someone other than Stefan Pierer calling the shots. 

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