Stefan Pierer steps aside as KTM chief ahead of crucial court hearing

Kronen Zeitung

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Former confidant of Niki Lauda, now KTM boss

"Thank God we're alive," Gottfried Neumeister exclaimed on Friday morning, just as another court date had been reached in the KTM insolvency. The 47-year-old Viennese is doing everything he can to radiate confidence in the fight to restructure the motorcycle manufacturer. Since Thursday evening it has been clear that he will succeed Stefan Pierer as CEO. But who is the "new guy" anyway?

der Standard AT

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Stefan Pierer’s withdrawal from the KTM leadership is half-hearted

The former boss's management mistakes are perhaps the most important factor behind the bankruptcy. Nevertheless, he remains co-chairman of the company

ORF.at News

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Report: Resistance to KTM restructuring plan

Kurier

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Stefan Pierer and KTM: More than just an individual fate

The self-confident Stefan Pierer has to give up power at KTM. But the two-wheeler manufacturer is still far from being saved.

Visordown

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Stefan Pierer is no longer the KTM CEO

The Pierer Mobility Group has today announced that Stefan Pierer is stepping aside for Gottfried Neumeister

Automobile News and Trends - You must read this !

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KTM’s Financial Crisis Deepens: Debt Surges Past €2 Billion Amidst Investor Interest and CEO Shakeup

KTM's financial obligations have increased, surpassing €2 billion, with interest shown by 23 prospective investors. The financial challenges faced by the Austrian company continue to worsen. After discussions were held between KTM's leadership team and the official overseeing the company's restructuring process, reports indicate that the company's debt has now surpassed €2 billion. KTM has been struggling to avoid bankruptcy after falling into a…