'Quest for Glory' Jorge Martin 'Surpasses Top Competitors Pecco Bagnaia and Marc Marquez'

2024 world champion commends his rivals in the MotoGP championship

Jorge Martin claims he overcame the peak performances of Francesco Bagnaia and Marc Marquez en route to securing the 2024 MotoGP championship.

The departing Pramac competitor was involved in a year-long contest with Ducati’s main team contender Bagnaia, which reached its climax at the last race in Barcelona.

Despite securing just three grand prix victories compared to Bagnaia's 11, Martin's steady performance throughout the season enabled him to clinch his inaugural premier class championship by a margin of 10 points.

During a conversation on the official MotoGP site after securing his championship win, Martin lauded both Bagnaia and Marquez. Marquez triumphed three times in 2024 riding the previous year's Ducati managed by Gresini.

"Martin expressed amazement at his victory over the top-performing Pecco, who had claimed victory in 11 races."

"Indeed, Pecco was at his finest. I believe Marc too was at the peak of his performance. Perhaps his motorcycle wasn't the top of the line; it seemed he lacked a bit in that department."

"Truly, he was the finest Marc out there. I can guarantee he pushed himself to the edge. And I still managed to outdo the both of them.

"Definitely, I must enhance my performance as, despite my consistency, I only secured victories in three Sundays."

"I had two accidents at the front, so there's definitely space for enhancement, and I'll aim to achieve that."

During the same conversation, Martin expressed his career aspirations, stating, "My goal is to become a legendary figure in MotoGP."

"I aspire to be commemorated as an exceptional motorcyclist alongside legends such as Jorge Lorenzo, Dani Pedrosa, Valentino Rossi, and Marc Marquez."

Reflecting on his victory in Barcelona, Martin shared that his mind immediately went back to the accident in Portugal during his first season in 2021, which resulted in several injuries.

"It remains hard to believe," he commented about his championship.

Following the race, I was overwhelmed with emotions and truly amazed.

Before drifting off to sleep, tears were streaming down my face as I lay alone in bed. Maria was already asleep when the tears began to flow.

"I recall vividly the challenging times, the difficulties we faced."

"The key point is that I didn't quit. Reflecting on the time in Portimao, I was bedridden with nine injuries, unable to walk for a month. Yet, here I am now. It's unbelievable."

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KTM permitted to proceed as employment cut predictions decrease in pivotal court session

Austrian company facing difficulties receives significant support on Friday

Following a hearing on Friday, the Ried Regional Court has allowed KTM to proceed with its operations, and the initially anticipated number of staff reductions has been decreased.

The motorcycle maker from Austria is facing a severe financial downturn, as KTM is reported to owe upwards of €1.8 billion, based on information from associations that protect creditors.

In recent months, numerous employees have been dismissed, and it is anticipated that there will be additional layoffs. Moreover, wages for November and December remain unpaid to date.

Nonetheless, after a court session at the Ried Regional Court in Austria on Friday, KTM received permission to proceed.

As reported by the Austrian broadcaster ORF, KTM's reorganization efforts will continue as scheduled, with the company deemed to have "adequate financial reserves" until its forthcoming review session.

The anticipated figure for job cuts has been reduced from 500 to 300, and it is expected that workers will receive their wages for November and December by the end of January.

The compensation will be sourced from the fund set aside for insolvency wages.

According to ORF, KTM's chief Stefan Pierer was absent from the Regional Court proceedings, with Gottfried Neumeister, the Co-CEO, stepping in to represent the company.

KTM's revamp strategy might receive a financial uplift from three entities considering an investment via the Pierer Mobility Group, reportedly amounting to as much as €700 million.

The halt in production by the manufacturer, initiated last week, is set to continue through the end of February due to an excess inventory of 130,000 units that remain unsold in a warehouse.

KTM is scheduled for a creditors review on January 24, followed by a decision on its reorganization proposal on February 25, where creditors are presented with a two-year plan to receive 30% repayment.

As of now, there has been no formal announcement regarding the effect of this recent progress on KTM's MotoGP initiative.

Several leaders have maintained since November that plans for 2025 will proceed as scheduled.

Nonetheless, there are circulating reports suggesting that KTM plans to halt progress on its 2025 motorcycle model due to the firm's current financial difficulties.

KTM has yet to verify this information.

This week, it was revealed by the management that they will be divesting the 50.1% controlling interest in the Italian marque MV Agusta, previously held by KTM. Concurrently, Jeremy McWilliams, a veteran test rider for KTM, has been let go from his position.

Austria's financial sector is currently investigating KTM to determine if the Pierer Mobility Group adhered to this year's disclosure rules.

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Ducati's MotoGP leader highlights the main issue facing the team in 2025

Gigi Dall’Igna focuses on the hurdles Ducati will face in 2025

Ducati's chief executive, Gigi Dall’Igna, has disclosed that the primary challenge facing Ducati for the 2025 MotoGP season stems from competing manufacturers employing increasingly skilled riders.

The Italian brand led the charge in the 2024 season, as its competitors clinched victories in 19 out of the 20 major races, securing both the manufacturers’ and riders’ championships for Ducati.

For the 2025 racing season, Ducati will have fewer bikes competing, with the number dropping from eight to six. This change comes as Pramac decided to switch to Yamaha following Marc Marquez's move to the main team. Additionally, there will be only three of Ducati's GP25 factory models on the track, down from four.

Dall'Igna doesn't view the decrease in Ducati's motorcycle count as an issue, pointing out that other brands have expanded their presence on the grid without seeing significant improvements in their performance lately.

The concern for Ducati in 2025 lies in the departure of formidable competitors such as Jorge Martin, the 2024 world champion, and Enea Bastianini, who have both inked deals with competing teams.

"Frankly, no," Dall'Igna responded last month to inquiries about whether Ducati's diminished role in 2025 would pose an issue.

"However, the main issue appears to be that competing brands may have superior riders. Historically, when observing certain brands, like Aprilia, which expanded its lineup from two to four bikes, the outcomes remained largely unchanged."

"Hence, I believe that having merely six bikes, six riders on the grid, won't actually be the main issue for us."

"The core issue here is that Martin is transitioning to a different firm, and the same applies to Enea. It appears this is what distinguishes the years 2024 and 2025."

Initially, Ducati intended to elevate Martin to its official team by 2025, but Marquez's refusal to accept a factory bike at Pramac led to a change in plans.

Despite Martin's championship victory with Pramac, Dall’Igna insists that there are no second thoughts regarding Ducati's choices for 2025.

"Definitely, we gave it considerable thought before making this choice," he further stated.

Additionally, we believed that this year could be the one where Martin secures the championship title.

"After consideration, we made the decision."

"Thus, my opinion remains unchanged currently, and I am firmly of the belief that we're offering the Ducati riders the optimal solution available."

Regarding Ducati's choice to decrease its number of factory bikes from four to three, Dall'Igna commented, "This move is financially the most advantageous."

"By rotating three bicycles into the subsequent season, you enhance economic efficiency."

"From a technical perspective, having four factory bikes instead of three doesn't actually offer a significant benefit."

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KTM remains determined despite economic turmoil

KTM provides an update following the decision of the Regional Court last Friday

KTM affirms its commitment to maintaining momentum through 2025 despite facing a financial crunch, following the Regional Court's Friday decision which allows the company to proceed as is.

According to a Friday report by ORF, the Austrian producer has accumulated debts surpassing €1.8 billion, after opting for self-administration in the previous month to avoid insolvency.

Numerous employees have been dismissed, and an additional 300 job cuts are anticipated, which is less than the initially projected 500 by KTM.

Manufacturing is on pause until the end of February, and employees must wait until the end of January at the earliest to receive their wages for November and December.

On Friday, during a hearing at the Regional Court, KTM received approval to maintain its existing structure. Meanwhile, three entities have shown a willingness to inject as much as 700 million euros to support its ongoing restructuring efforts.

A meeting with creditors is scheduled for January 24, followed by a vote on its reorganization strategy at the end of February.

There hasn't been much formal communication regarding KTM's MotoGP initiative set for 2025, however, top officials from the company have previously stated that the project is expected to proceed without any changes.

Subsequently, there were media speculations about a halt in the development of the 2025 RC16.

KTM has issued a communication regarding the ongoing scenario, indicating its dedication to continue its involvement in racing activities by 2025, without explicitly referencing MotoGP.

The complete declaration reads as follows:

"'READY TO RACE' transcends a mere catchphrase for KTM; it encapsulates our very purpose. The competitive arena is a mix of triumphs and setbacks, courage and disillusionment, as well as wins and losses. The year 2024 has brought a series of triumphs alongside hurdles for the organization.

"As we move towards 2025 and beyond, numerous challenges and obstacles await us – yet, we remain undeterred and continue to push forward with full force."

2024 stands out as an exceptional year for KTM, characterized by daring advancements, exhilarating triumphs, and steadfast commitment to our customers. Although obstacles inevitably arise in any significant endeavor, we view them as chances to hasten our progress towards a more promising future.

There's no hiding the fact that KTM AG is dealing with changes in the economic environment. Yet, in line with our 'READY TO RACE' slogan, we're taking this opportunity to adjust, recharge, and rejuvenate.

"KTM is wholeheartedly dedicated to providing outstanding experiences for both existing and prospective customers. We are determined to excite and navigate our path back to the forefront of victory."

"Racing is the stage where we display our brand's identity, showcase our engineering prowess, and express our zeal for competition. Throughout the last year, our motorsport teams have consistently reached new heights of success. We kicked off the season holding an impressive tally of 341 FIM World Championship titles."

Throughout their extensive international schedules, they participated in over 1,480 races, securing 246 podium finishes and 150 victories in a range of competitions. Despite facing challenges and sustaining injuries—a common aspect of the sport—KTM remarkably clinched an additional 11 hard-earned championships to their tally.

Away from their usual competitive tracks, KTM has had a bustling year with numerous activities. The company introduced 59 fresh models, organized three global media events attended by 152 partners from the media, executed three events for customers that drew in 283 attendees, and made a significant comeback to EICMA, the biggest motorcycle expo globally, featuring a vast booth spanning 1,635 square meters and showcasing 17 new products from KTM.

KTM is actively promoting these latest motorcycles and is focused on keeping progress on track in key sectors. The company is also embracing a proactive strategy while going through this period of reorganization.

"In the coming three months, our aim is to secure the company's stability while laying the groundwork for continuous growth and prosperity."

During this time frame, KTM commits to maintaining the supply of motorcycles via our Certified KTM Dealer network. This commitment also extends to our spare parts, technical accessories, customer service support, and warranties, all of which will continue without alteration, providing consistent and steadfast assistance throughout this duration.

"The pursuit of cutting-edge, thrill-seeking motorcycles continues unabated. KTM is gearing up for the unveiling of several eagerly awaited new models, set to hit dealership floors in the early months of 2025. This move reaffirms our commitment to maintaining our status as a premier motorcycle brand in Europe for years to come."

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KTM confirms its participation in MotoGP until 2025 despite rumors of departure during organizational changes

KTM’s involvement in MotoGP remains in doubt due to financial challenges

Fresh details emerged from the creditors' gathering on Friday about KTM’s bankruptcy process, indicating that the company intends to cut its MotoGP project as a measure to decrease expenses.

On Friday morning, news surfaced that KTM would be permitted to maintain its existing operations after an initial meeting with creditors took place at the Regional Court in Austria.

Investors are showing enthusiasm for a €700 million financial injection aimed at supporting KTM during its self-led restructuring efforts, amidst facing debts exceeding €1.8 billion.

Predictions for job cuts have been lowered from 500 to 300, and wages for November and December are expected to be disbursed by the end of January, assuming things proceed smoothly.

Initial accounts failed to specify the status of KTM's MotoGP initiative during the current crisis.

On Friday afternoon, the company issued an ambiguous announcement asserting its commitment to maintaining momentum through 2025, without specifically addressing its Formula 1 initiatives.

The economic turmoil within the organization has affected the Moto2 and Moto3 categories, leading to the withdrawal of the GASGAS and Husqvarna teams from the 2025 line-up. Despite this, several prominent individuals have previously assured that the MotoGP initiative will proceed without changes.

According to details disclosed by the credit protection agency Alpenlandischer Kreditorenverband (AKV), the restructuring plans include "a proposed exit from MotoGP, Moto2/Moto3 as a strategy to lower expenses."

AKV has not specified any schedule for this.

KTM pledges allegiance to MotoGP until 2025

Crash.net contacted KTM for an official statement, to which the company replied:

Today signifies a pivotal moment for KTM as we announce the progression of our restructuring efforts. This significant step solidifies our strategy for the future, and we are delighted to affirm that motorsport continues to be a key component of our restructuring agenda.

KTM remains unwavering in its dedication to motorsport. We reiterate our declaration for 2025: our participation in MotoGP will persist!

Today's encouraging results have revitalized us, and we express our gratitude for your backing.

Next year, KTM plans to participate in MotoGP with two groups: the main team led by Brad Binder and Pedro Acosta, along with Tech3. After spending two years operating as GASGAS, Tech3 will now compete under the KTM banner, featuring Maverick Vinales and Enea Bastianini as its competitors.

KTM provides 16 motorcycles for the Moto3 lineup.

At the beginning of this week, Albert Valera, who manages Acosta, conveyed to motorsport.com that KTM had confirmed their racing schedule would remain unchanged.

"Valera mentioned that he and Pedro were able to visit Austria to firsthand observe the actual state of the KTM project in MotoGP."

"Despite the challenging circumstances facing the company, the overall sentiment remains optimistic."

It has been consistently conveyed to us that the core of KTM's ethos lies in racing, with their unwavering dedication focused solely on securing the championship title.

"Pedro is dedicated to the project and feels more at ease and assured following the meeting."

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KTM pledges to remain in MotoGP until at least 2025, despite speculation of leaving during organizational changes

KTM's ongoing participation in MotoGP in jeopardy due to economic challenges

Details emerging from the creditors' meeting on Friday about KTM's bankruptcy process indicate that the company intends to cut its MotoGP project as a measure to decrease expenses.

On Friday morning, it was reported that KTM received permission to maintain its operations as they are after an initial meeting with creditors took place at the Regional Court in Austria.

Investors have shown enthusiasm for a €700 million financial injection aimed at supporting KTM during its self-administered restructuring process, amid facing a debt burden of at least €1.8 billion.

Predictions for the number of job cuts have been lowered from 500 to 300, and with any luck, wages for November and December are expected to be disbursed by January's end.

Initial accounts failed to address the status of KTM's MotoGP initiative during the current turmoil.

On Friday afternoon, the brand issued an ambiguous announcement, stating it would continue its aggressive approach through 2025, without making any references to its Formula 1 projects.

The economic turmoil within the corporation has had effects on Moto2 and Moto3, leading to the elimination of the GASGAS and Husqvarna names from the lineup for the year 2025. Despite this, several leaders have previously stated that the MotoGP initiative will proceed according to its original schedule.

Nevertheless, details shared by the debt protection group Alpenlandischer Kreditorenverband (AKV) indicate that part of the restructuring plan includes "cutting expenses through the planned exit from MotoGP, Moto2/Moto3 competitions."

AKV has not provided a specific schedule for this.

KTM pledges continued participation in MotoGP until 2025

Crash.net has contacted KTM seeking an official statement, to which the company has replied:

Today signifies a critical moment for KTM as we officially announce the advancement of our restructuring efforts. This significant step ensures the execution of our future strategy, and it brings us great pride to affirm that motorsport continues to be a key component of our reorganization plan.

"KTM remains unwavering in its dedication to motorsport. We reiterate our pledge for 2025: our participation in MotoGP races will persist!"

Today's favorable results have revitalized us, and we extend our gratitude for your backing.

Next year, KTM plans to enter MotoGP with two outfits: the primary team led by Brad Binder and Pedro Acosta, and Tech3, now returning to the KTM banner after a two-year stint as GASGAS, featuring Maverick Vinales and Enea Bastianini as its competitors.

KTM provides 16 motorcycles for competitors in the Moto3 category.

Earlier this week, Albert Valera, the manager of Acosta, informed motorsport.com that KTM had given them assurances that the racing schedule would remain unchanged.

"Valera reported that he and Pedro were fortunate enough to visit Austria and witness firsthand the actual state of the KTM project in MotoGP."

"Even though the company is facing a challenging period, the outlook remains optimistic."

"It has been conveyed to us repeatedly that the core of KTM lies in racing, and they will persist in their efforts with the singular goal of securing the championship title."

"Pedro is dedicated to the project and feels more at ease and assured following the meeting."

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KTM pledges to stay in MotoGP through 2025 despite considering leaving during restructuring

KTM's participation in MotoGP faces uncertainty due to financial difficulties.

During a creditors' meeting held on Friday, it was revealed that KTM's MotoGP initiative might be discontinued as part of cost-cutting measures amid the company's insolvency proceedings.

On Friday morning, news surfaced that KTM would be permitted to maintain its operations as usual after an initial creditors' meeting at the Regional Court in Austria.

Investors have shown interest in a €700 million financial package aimed at assisting KTM, which is seeking to reorganize under self-administration while dealing with a debt burden of at least €1.8 billion.

Predictions for staff layoffs have been lowered from 500 to 300 employees, and salaries for November and December are expected to be disbursed by the end of January, assuming everything proceeds as planned.

However, the early reports did not specify the status of KTM's MotoGP project during the current crisis.

On Friday afternoon, the company issued an ambiguous announcement stating that it would continue its momentum into 2025, but it did not refer to its grand prix projects.

The company's financial troubles have begun affecting Moto2 and Moto3, leading to the removal of the GASGAS and Husqvarna brands from the 2025 lineup. Despite this, several key figures have previously assured that the MotoGP initiative will proceed as intended.

According to a statement from the creditor protection group Alpenlandischer Kreditorenverband (AKV), the planned reorganization efforts include exiting from MotoGP and Moto2/Moto3 as a cost-cutting measure.

AKV has not provided a specific timeframe for this.

KTM has pledged to stay in MotoGP through 2025. Crash.net contacted KTM for an official statement, and the company replied:

KTM has reached a significant moment today with the official announcement of our restructuring process. This achievement ensures our future strategy, and we are pleased to announce that motorsport continues to be a key component of this plan.

KTM remains steadfast in its dedication to motorsports. We reaffirm our pledge for 2025: we will persist in competing in MotoGP!

We feel revitalized by the successful result today and appreciate your backing.

Next year, KTM plans to have two teams competing in MotoGP. The main team will feature Brad Binder and Pedro Acosta as the lead riders. The second team, previously known as GASGAS for the last two years, will now compete under the KTM name as Tech3, with Maverick Vinales and Enea Bastianini as its riders.

KTM provides a total of 16 motorcycles for the Moto3 racing lineup.

Earlier this week, Albert Valera, who manages Acosta, informed motorsport.com that KTM had assured them the racing program would remain unchanged.

According to reports, Valera mentioned that he and Pedro were able to visit Austria to personally observe the actual status of the KTM project in MotoGP.

"Even though the company is facing a challenging situation, the overall outlook remains optimistic."

"KTM has consistently emphasized that racing is central to their identity, and their primary focus remains on securing the championship."

Pedro is dedicated to the project and, following the meeting, he feels more at ease and self-assured.

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KTM remains determined despite economic challenges

KTM provides a statement following the Regional Court's decision on Friday

KTM has announced that it will maintain its momentum through 2025 despite facing financial difficulties. This statement comes after a ruling by the Regional Court on Friday, which confirmed that the company can carry on operating as it currently does.

According to a report by ORF on Friday, the Austrian company, which entered self-administration last month to avoid bankruptcy, has accumulated debts amounting to at least €1.8 billion.

Numerous employees have been dismissed, and an additional 300 job cuts are anticipated, although this number is less than the 500 initially projected by KTM.

The manufacturing process is on pause until late February, and employees will not receive their November and December wages until at least the end of January.

During a hearing at the Regional Court on Friday, KTM received permission to maintain its current operations. Meanwhile, three different parties have shown interest in investing as much as €700 million as the company advances with its restructuring efforts.

A meeting for creditors is scheduled for January 24, and a vote on the restructuring plan is set for late February.

Not much official information has been released about KTM's MotoGP plans for 2025, but top executives from the company have previously indicated that the project will proceed as scheduled.

Subsequently, the media began circulating reports about a halt in development for the 2025 RC16.

KTM has issued a statement regarding the ongoing situation, indicating its dedication to its racing activities in 2025, although it stops short of specifically referencing MotoGP.

The complete announcement is as follows:

The phrase "READY TO RACE" is not just a catchphrase for KTM; it embodies the essence of who they are. In the world of racing, there are moments of triumph and failure, acts of bravery and letdowns, as well as victories and losses. The year 2024 has brought both achievements and obstacles for the company.

As we approach 2025 and beyond, we anticipate more ups and downs along the way, but we remain determined to keep moving forward at full speed.

The year 2024 has stood out for KTM, characterized by daring innovations, exciting wins, and a steadfast commitment to its customers. Although challenges naturally accompany any significant endeavor, we view them as a chance to speed up progress towards an even more promising future.

KTM AG is well aware of the changing economic conditions. True to our motto, 'READY TO RACE,' we are using this opportunity to adjust, recharge, and revitalize.

KTM is dedicated to providing outstanding experiences for both our existing and prospective customers. Our aim is to consistently excite and achieve victory once more.

"Motorsport serves as the stage for us to display our brand, our engineering prowess, and our love for competition. Over the last year, our racing teams have continued to excel. We kicked off the season with an impressive tally of 341 FIM World Championship titles."

The worldwide racing schedules included over 1,480 race starts, resulting in 246 podium finishes and 150 victories in different categories. Naturally, there were challenges and injuries along the way, as is typical in the sport, but KTM managed to secure 11 additional hard-earned titles to their achievements.

Away from the track, KTM has been highly engaged throughout the year. The company introduced 59 fresh models, organized three global media presentations attended by 152 media professionals, hosted three customer events with 283 attendees, and made a comeback at EICMA, the largest motorcycle exhibition worldwide, showcasing 17 new KTM products in an expansive 1,635 square meter display area.

There is significant momentum behind the introduction of these new motorcycles, alongside initiatives to sustain progress in key areas. KTM is utilizing a forward-looking strategy throughout this reorganization period.

Over the coming 90 days, our aim is to bring stability to the business and establish a strong base for long-term growth and achievement.

During this time, KTM assures that motorcycles will continue to be supplied via our network of Authorized KTM Dealers. This commitment also extends to our spare parts, technical accessories, customer service, and warranties, all of which remain consistent, providing steadfast support throughout this period.

The pursuit of cutting-edge, daring, and adventurous motorcycles continues. KTM is gearing up to release a pair of eagerly awaited models, set to hit dealership floors by the first quarter of 2025. This move reaffirms our commitment to maintaining a leading position among Europe's top motorcycle manufacturers in the years ahead.

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Ducati's MotoGP leader discusses the "genuine issue" facing the team in 2025

Gigi Dall’Igna focuses on the 2025 hurdles for Ducati

The general manager of Ducati, Gigi Dall’Igna, has disclosed that the main challenge Ducati faces for the 2025 MotoGP season is that competing brands are now deploying "better riders" than in the past.

In the 2024 season, the Italian company achieved overwhelming success, with its competitors emerging victorious in 19 out of 20 grand prix races, securing both the manufacturers' and riders' championships for Ducati.

In 2025, Ducati's presence on the racing grid will decrease from eight motorcycles to six. This change comes after Pramac decided to partner with Yamaha following Marc Marquez's move up to the factory team. Additionally, Ducati will field only three factory GP25 bikes instead of the initial four.

Dall’Igna believes that having fewer bikes isn't an issue for Ducati, noting that other manufacturers have expanded their presence on the grid without seeing much additional success recently.

A potential setback for Ducati in 2025 is that top competitors, such as the 2024 world champion Jorge Martin and Enea Bastianini, have committed to competing for other teams.

Last month, Dall'Igna responded that he genuinely doesn't believe Ducati's smaller presence in 2025 will pose any issues.

The main issue, however, is that other manufacturers seem to have superior riders. In the past, we've seen cases where brands like Aprilia expanded from two bikes to four, yet their performance results remained relatively unchanged.

"I don't believe having just six bikes and six racers on the track will be our main issue."

"The main issue is that Martin and Enea are both moving on to different companies, which I believe marks the distinction between the years 2024 and 2025."

Initially, Ducati intended to elevate Martin to their factory team for the 2025 season. However, Marquez's unexpected decision to take a works bike with Pramac led the company to reverse its plans.

Even though Martin secured the championship with Pramac, Dall’Igna firmly insists that there are no second thoughts regarding Ducati's choices for 2025.

"When I made this choice, we definitely spent a lot of time considering it," he mentioned.

"We also believed that Martin had a chance to secure the championship title this year."

"We assessed the situation and made our choice based on that evaluation."

"Currently, I remain steadfast in my belief that we have found the optimal solution for the Ducati riders."

Dall’Igna explained that Ducati's choice to cut down the number of its factory bikes from four to three was primarily driven by financial considerations, as it represents the most cost-effective option.

"Owning three bicycles allows you to rotate them for the upcoming season, making it more cost-effective."

"From a technical standpoint, having four factory bikes instead of three does not offer a genuine advantage."

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KTM permitted to proceed as employee termination predictions decrease in vital session

Austrian company facing difficulties receives a lifeline on Friday

Following a hearing on Friday, the Ried Regional Court has permitted KTM to keep operating, and the anticipated number of job cuts has decreased.

The Austrian company that produces motorcycles is facing a significant financial struggle, with KTM reportedly owing at least €1.8 billion, as stated by creditor protection groups.

In the past few months, numerous employees have been let go, and additional layoffs are anticipated. Meanwhile, workers have not yet received their salaries for November and December.

After a court session at the Ried Regional Court in Austria on Friday, KTM received permission to proceed.

As reported by the Austrian media outlet ORF, KTM will continue with its planned restructuring process. The company has been determined to have "sufficient liquidity" to last until its next financial review.

The anticipated staff layoffs have been reduced from 500 to 300, and employees are expected to receive their November and December salaries by the end of January.

The payment will come from the fund designated for wages during insolvency.

According to ORF, KTM's leader, Stefan Pierer, did not appear at the Regional Court. Instead, the company was represented by Co-CEO Gottfried Neumeister.

KTM's reorganization strategy might receive significant financial support from three entities that have shown interest in contributing through the Pierer Mobility Group, with the investment potentially reaching a value of €700 million.

Last week, the manufacturer halted production, and this pause is set to continue until the end of February due to having approximately 130,000 unsold items stored in a warehouse.

KTM is scheduled for a creditors' review on January 24, and the decision on its restructuring proposal, promising creditors a 30% repayment over two years, is set for February 25.

No formal announcement has been made regarding the effect of this recent development on KTM's MotoGP initiative.

Since November, many leaders have affirmed that the plans for 2025 will proceed without changes.

There have been reports in the media suggesting that KTM might halt the development of its 2025 motorcycle due to the financial difficulties the company is currently facing.

KTM has not yet verified this information.

This week, management revealed plans to divest KTM's controlling 50.1% share in the Italian company MV Agusta, and veteran KTM test rider Jeremy McWilliams has been laid off.

Austria's financial regulatory body is investigating KTM to determine if the Pierer Mobility Group adhered to disclosure rules in 2023.

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Jorge Martin, in his quest for legendary status, managed to outperform top riders like Pecco Bagnaia and Marc Marquez. The 2024 world champion expressed admiration for those who competed against him in the MotoGP title race.

Jorge Martin claims he overcame the strongest performances of Francesco Bagnaia and Marc Marquez to secure the 2024 MotoGP championship.

The Pramac rider, who is set to leave the team, spent the entire season competing fiercely against Bagnaia, his competitor from the factory Ducati team. Their rivalry reached its peak during the last race held in Barcelona.

Despite securing victory in just three grand prix races compared to Bagnaia's 11 wins, Martin's steady performance throughout the season allowed him to clinch his first premier class championship by a margin of 10 points.

During a conversation with the official MotoGP website after securing his championship win, Martin expressed admiration for both Bagnaia and Marquez, the latter having achieved three victories in 2024 riding the previous year's Ducati managed by Gresini.

"It was amazing to triumph over Pecco, who secured victory in 11 races," remarked Martin.

"Pecco was at his peak performance. I believe Marc also showed his top form, even though his motorcycle wasn't the best and lacked a bit in terms of capability."

"He was the top-performing Marc, I can guarantee he pushed himself to the edge. And I managed to defeat both of them."

"Certainly, I need to get better since I've been quite consistent, but I've only managed to secure victories on three Sundays."

"I had two accidents while in the lead, which shows there's always potential for improvement, and I intend to work on it."

During that interview, Martin expressed his career aspirations by stating, "I aim to become a legendary figure in MotoGP."

"I aspire to be remembered as an outstanding racer like Jorge Lorenzo, Dani Pedrosa, Valentino Rossi, and Marc Marquez."

Looking back on his feelings after securing the championship victory in Barcelona, Martin recalls how his mind drifted to the accident he experienced in Portugal during his first season in 2021, which resulted in numerous injuries.

"It's still hard for me to come to terms with," he remarked regarding his championship.

"Following the race, I felt overwhelmed with emotions and was genuinely surprised."

"Before falling asleep, I found myself alone in bed, shedding many tears. Maria was already asleep, and that’s when I began to cry."

"I often recall the challenging times and how tough they were."

"The key point is that I never quit. I recall being in Portimao, dealing with nine injuries and bedridden – unable to walk for a whole month. Now, standing here today feels unbelievable."

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Joan Mir: "My circumstances are entirely unlike Marc's" – Exclusive

"Switching brands at this point would make me feel like the past two years were wasted"

The similarities are clear. Two ex-MotoGP titleholders are competing for the underperforming Repsol Honda squad in 2023.

Marc Marquez, after clinching six top-tier championships with his team, pursued an early departure to team up with Gresini Ducati. This move rejuvenated his career, leading to three victories and securing a contract with the factory Ducati team for 2025.

In the meantime, ex-colleague Joan Mir, who clinched the championship for Suzuki in 2020, remained on board for another year with HRC. However, he unexpectedly extended his contract through 2026, even though both his performance and that of the RCV have declined this season.

During an exclusive interview with Crash.net towards the end of this season, Mir spontaneously brought up a comparison with Marquez.

When asked about a season where he only accumulated 21 points—a tally lower than what Francesco Bagnaia (31 points), Brad Binder (29), and Jorge Martin (28) achieved just in the initial weekend in Qatar—Mir shared his thoughts:

"Definitely, facing such difficulties with this bike came as a surprise."

I had anticipated more immediate improvements, but for some unforeseen reason, our performance hasn't enhanced, as we are significantly behind other manufacturers. This somewhat reflects our current situation.

"We're improving, drawing nearer, yet it's still insufficient. This is our current observation."

"We haven't reached our desired status yet, but my faith in our initiative remains strong. I'm confident that with the level of effort we're putting in, we'll eventually achieve our goals."

Mir noted: "Certainly, I observed numerous transformations [this season]. It became clear to them [Honda] that their previous approaches were effective for a past [MotoGP] period. Yet, the current scenario is entirely distinct. The necessity for additional European assistance is evident. More engineers are required.

The craftsmanship and attention to detail that the Japanese exhibit in bike manufacturing, especially with Honda's MotoGP motorcycles, are truly exceptional, arguably the finest. However, when it comes to performance, we find ourselves lagging.

"We require assistance."

Assistance is required from individuals in Europe, specifically those from Italy and Spain who are employed by European manufacturing companies.

"Thus, any announcement regarding a new arrival at Honda always brings a sense of relief to me as a rider. It signals they are pursuing what I believe to be the right approach."

"We require the support of the Japanese and the Europeans; their combination is what will fortify us."

The conversation naturally transitioned to the topic of Romano Albesiano, who is set to join HRC as the new technical director for MotoGP, coming from Aprilia.

Was Mir aware of Albesiano at the time he renewed his contract with HRC?

"Definitely not. However, I observed Honda's actions and understood their intentions. I also share a unique bond with Alberto [Puig], who has always been transparent with me right from the start. My faith in this team remains unshaken."

"My circumstances are entirely unlike Marc's," Mir began, before addressing the inevitable comparisons to Marquez. He elaborated on his decision to remain with Honda instead of pursuing a path similar to Marquez's, by choosing a satellite team with a more established motorcycle.

"Obviously, my circumstances are entirely unlike Marc's when he departed from [Honda], since he had proven his worth with this manufacturer. As for myself, I haven't yet demonstrated my capabilities," Mir explained.

"Switching manufacturers at this point would mean starting from scratch for me, rendering the last two years essentially pointless. However, the sheer joy I would experience from succeeding here [at Honda] is immeasurable. Therefore, I'm committed to making it work."

Following Marquez's departure, Mir transitioned to the opposite side of the Repsol garage, teaming up with the former crew of number 93, led by Santi Hernandez, this season.

Though the outcomes of the races – a top finish of ninth in a Sprint and an eleventh place in a grand prix – might not have sparked celebrations, Mir was highly complimentary of his team.

"It was excellent. Right from the start, I had a great feeling about being with them," he expressed. "Their technical knowledge and strategic prowess are incredible. I genuinely enjoy collaborating with them, even under these circumstances – so just think how it would be if we start achieving our objectives!"

A rare bright spot for Mir in 2023 was the notable decrease in the number of accidents and injuries he suffered.

The 2017 Moto3 world champion indicated that the enhanced performance was due to better aerodynamics, which made the RCV's capabilities more apparent, along with a deliberate choice to prioritize gathering development data over risking crashes.

"Indeed, we consistently put in our full effort, yet there's a [development] journey one must embrace. I've come to terms with our current standing," Mir remarked. "Likely, the aerodynamic aspect also slightly aids in grasping the current boundaries.

"We're on the path to improvement, and this journey isn't aided by repeated accidents. It's about approaching things with the right attitude and ensuring we're in good shape for the bike's current state."

Luca Marini, who is Mir's latest teammate, ended the season as the only regular rider ranking lower than the Spanish racer in the championship standings, accumulating 14 points. Meanwhile, Johann Zarco from LCR emerged as the leading Honda competitor, securing 55 points and achieving a highest race finish of eighth.

Honda, similar to Yamaha, will maintain its technical advantages in 2025, including benefits like exclusive testing sessions for its racing team, freedom from restrictions on engine design updates, and additional allowances for aerodynamic enhancements.

Next season, the factory Hondas will sport a fresh look as Repsol, their long-term title sponsor, concludes its association with the team, a year following Marquez's departure.

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Peter has spent two decades in the racing world, witnessing Valentino Rossi's arrival and departure. He's leading the coverage on Suzuki's withdrawal and Marc Marquez's health challenges.

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