Why Pierer Mobility AG is Reducing Workforce

Key points:

  • KTM has presented its 2024 plans, which were initially rumoured to include bringing the LCR satellite team into their group to make space for Marc Marquez and Pedro Acosta.

  • However, KTM’s CEO, Stefan Pierer, stated signing Marquez is not their priority. They prefer to build riders from Moto3 to Moto2 and have confidence in their current riders, Brad Binder and Jack Miller.

  • Pol Espargaro, who is contracted with KTM, has missed the entire current season due to injuries, leading to speculation about his future.

  • KTM is determined to find space for Pol Espargaro, Augusto Fernandez, and Pedro Acosta on KTM machinery in MotoGP for the 2024 season. Fernandez has already been given a new deal, and Acosta’s presence in MotoGP with KTM is guaranteed for 2024.

  • KTM is actively looking for opportunities to acquire an existing satellite team, as they believe some MotoGP spots might become available.

  • The CEO is concerned about the financial situation of private MotoGP teams, and he is expecting that Honda might also drop out after Suzuki.

  • Despite rumours and speculation, the CEO remains firm in his focus on developing KTM’s own talent rather than prioritizing high-profile signings like Marquez.

KTM has some ambitious plans for the 2024 MotoGP season. According to Stefan Pierer, CEO of the Pierer Group that owns KTM, they were considering bringing the LCR satellite team into their group to create space for Marc Marquez and Pedro Acosta. However, Pierer has mentioned that signing Marquez is not their priority, as they prefer to build riders from the ground up, starting from Moto3 to Moto2.

MotoGP-Marc-Marquez-6

 

Current riders

Pierer expressed confidence in their current riders, Brad Binder and Jack Miller, who have been contracted for the next season. Additionally, Tech3 GASGAS rider Pol Espargaro is also under contract, though he has missed the entire current season due to injuries, leading to some speculation about his future.

Assurance

He also has assured he will find a way to accommodate Espargaro, Augusto Fernandez, and Pedro Acosta on KTM machinery in the premier class for the 2024 season. Fernandez has already been given a new deal, and Acosta’s presence in MotoGP with KTM is guaranteed for 2024.

Goals

To achieve their goals, they are still trying to acquire one of the existing satellite teams. They are looking for opportunities to buy any satellite team that might become available, and Pierer is betting that one or more MotoGP spots will open up, potentially allowing them to compete with all five of their preferred riders.

Conclusion

KTM has big plans for the 2024 MotoGP season, but they are not in a hurry to sign Marc Marquez. Instead, they want to focus on developing their own talent and securing space for their promising riders, including Pedro Acosta, whom they believe will be riding a MotoGP-KTM in 2024.

Key takeaways 

  • KTM is not interested in signing Marc Marquez for 2024.
  • KTM wants to build its own riders from Moto3 to Moto2.
  • Binder, Miller, Espargaro, Fernandez, and Acosta are all contracted for 2023 or 2024.
  • Pierer is trying to buy a satellite team to accommodate all five riders.
  • Pierer is concerned Honda could leave MotoGP after Suzuki’s departure.

Crash

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