New inꦏformation from Friday’s creditors’ meeting regarding KTM’s insolvency proceedings st🐟ate the brand’s MotoGP project is “planned” to be axed to reduce costs.

168澳洲幸运5官方开奖结果历史:Reports on Friday morning emerged that KTM was being allowed to continue in its current form following a first creditors’ hearing at the꧟ Regional Court in Austria.

Investors have expressed interest in a €700 million payout 🍃to help KTM, as it looks to restructure in self-administration on the backdrop of at least €1.8 billion in debt.

Staff layoff forecasts have also been reduced from 500 to 300, while November and December salaries will be paid - if all goes well - by the ✱end of January.

But initial reports made no mention of where KTM’s MotoGP project sat amidst�🎃� the ongoing crisis.

The brand 168澳洲幸运5官方开奖结果历史:released a vague statement on🍰 Friday afternoon claiming it was “not letting off the throttle” into 2025, though did not mention its grand prix programmes.

The fin𒁏ancial crisis in the company has already impacted Moto2 and Moto3, with the GASGAS and Husqvarna brands disappearing from the grid for 2025 - though numerous figureheads have said previously that the MotoGP project will continue as plannedꦰ.

However, information released by creditor protectioꦏn organisation Alpenlandischer Kreditorenverband (AKV), stated und🅘er reorganisation measures that “in order to reduce costs, the withdrawal from MotoGP, Moto2/Moto3 is planned”.

No timeline has been given for this by AKV.

KTM commits to MotoGP for 2025

mahbx.com has reached out to KTM♈ fཧor official comment, with the brand responding:

"Today marks an impoಌrtant day for KTM with the confirmation of our restructuring proceedings. This milestone secures our plan moving forward, and we are proud to confirm that motorsport remains an integral part of this restructuring ꦜplan.

"KTM stands firmly committed 𒊎to motorsport. We repeat our statement for 2025: we will continue to race in MotoGP!

"We are reenergi♛sed with today’s positive outcome and thank you for 📖your support."

KTM is due to field two teams in MotoGP next year: its factory squad helmed by Brad Binder and Pedr𒀰o Acosta, and Tech3 - which has been rebranded under the KTM guise after two years as ဣGASGAS - with Maverick Vinales and Enea Bastianini as its riders.

KTM also supplies 16 bikes to the Moto3 grid.

Earlier this week, Acosta’s manager Albert Valera told motors🔯po💝rt.com that they were reassured by KTM that the racing programme will not be affected.

"Pedro and I had the opportunity to travel to Austria to see in person the real situation of the KTM project in Mo🔜toGP,” Valera𝔉 is reported as saying.

“Despite the ༺delicate situation that the company is going through, the sensations are positive.

“We have been told at all times that racing is the essence of KTM, that they will continue to 🐈work with the sole objective of winning thꦅe title.

“Pedro is committed tꦡo the project an꧃d feels more relieved and confident after the meeting.”