Reported creditor KTM’s MotoGP future still in doubt
MotoGP requires significant financial investment, with bike development and team operations often costing hundreds of millions of dollars. Despite these challenges, KTM remains confident in its MotoGP plans. KTM is addressing financial challenges through a self-management process. The company has partnered with global investment bank Citigroup to guide its restructuring efforts. Reports indicate that the KTM Group of Companies faces debts of approximately €3 million. Austrian media focused on the arrears of employees' November wages and Christmas bonuses. By partnering with Citigroup, KTM seeks to stabilize operations, resolve financial issues and focus on growth in the motorcycle market. This partnership reflects KTM’s efforts to consolidate its industry position and achieve long-term stability. KTM said in a statement: "We are very relieved! Today, the judge ruled that all three companies can continue to operate during the proceedings. However, today is only the first step in a 90-day restructuring process. Also read: MotoGP: Augusto Fernandez officially announced as Yamaha test rider “This…
Ford Edge under investigation after dozens of owners reported it
Ford says it's working with regulators to investigate potential Edge rear brake hose failure go through Brad Anderson 9 hours ago NHTSA has received 36 complaints about 2015-2017 Ford Edge brake failures without prior warning. The brake hose failure could affect as many as 368,309 vehicles, adding to Ford's already troubled recall history. Some Edge owners have reported that brake issues persist even after repairs, raising concerns about long-term reliability. U.S. safety officials have launched an investigation into 2015-2017 Ford Edge models, which are reportedly at risk of brake failure. The National Highway Traffic Safety Administration's (NHTSA) Defects Investigation Office launched an investigation in October after receiving 36 customer complaints alleging that some 2015-2017 Edge models may have rear brake hose failures that could cause the brake system to malfunction. Doesn't run efficiently as it should. Complaints filed with the National Highway Traffic Safety Administration (NHTSA) also note a loss of braking ability without any prior warning and increased stopping…
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