Photo: Gold & Goose / Red Bull Content Pool
Eliška Ryšánková
News.GP journalist who’s all about the thrilling worlds of MotoGP and Formula 1.Rising MotoGP star Pedro Acosta recently visited KTM's headquarters in Austria to better understand the company's financial troubles and their potential impact on his MotoGP career. Despite KTM's difficult situation, Acosta left the meeting feeling relieved and committed to the project.
Rising rookie star Pedro Acosta feels relieved after he recently visited the headquarters of struggling Austrian manufacturer KTM, as reported by his manager.
Acosta traveled to Austria on Tuesday to gain a better understanding of how KTM’s financial troubles could affect its MotoGP program, especially since he has become a factory rider.
Recent reports suggested that up to 800 KTM employees will lose their jobs by the end of the year, with the remaining staff being asked to delay their December salaries, despite KTM’s previous promise to pay them on time.
The company filed for bankruptcy several weeks ago and is undergoing a significant restructuring process, burdened by debts amounting to 2.9 billion euros.
In light of these challenges, Acosta and his manager met with key figures at KTM Factory Racing, including Pit Beirer, the most influential executive of its motorsport program.
They reassured Acosta that the issues within KTM’s commercial division were separate from the racing side, which helped ease the Spanish rider’s concerns. "Pedro and I had the opportunity to travel to Austria to see the real situation of the KTM MotoGP project," Valera told Autosport.
"Despite the company’s delicate circumstances, the overall feeling is positive. We were told repeatedly that racing is at the core of KTM, and they will continue to focus on winning the title."
"Pedro is fully committed to the project and left the meeting feeling relieved and more confident."
Before the visit, Valera had expressed concern over KTM’s situation and the lack of communication, speaking on Motorsport Network's podcast.
"In May, we signed a contract with a winning project, a company that was making tens of millions in profit and had a clear vision to challenge Ducati," he had said. "But now, just six months later, everything has changed, and we’re left wondering what happened. It's worrying, and to ignore the situation would be naive."
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