nsucurrent.com April 25, 2018

Harley Davidson to close Kansas City plant

01 February 2018, 12:56 | Violet Powell

Harley-Davidson finally confirms that it is bringing its first electric motorcycle to market

Harley to close Kansas City plant

A Harley-Davidson LiveWire was even used in the 2015 Hollywood film "Avengers:Age of Ultron" in a scene where Black Widow drops out of the bottom of a jet fighter astride a Harley-Davidson LiveWire.

HDFS originated $495.1 million in motorcycle loans - down 0.3% year over year - in the fourth quarter. "Our Kansas City assembly operations will leave a legacy of safety, quality, collaboration and manufacturing leadership", Matt Levatich, Harley Davidson president and chief executive officer, said in the statement.

In all, the LiveWire was a really good electric bike in 2014, when many of its competitors still felt a little toy-like and under-developed. Levatich said Tuesday the feedback from those rides and other research gives the company confidence an electric motorcycle will be attractive to new riders and existing Harley customers. The silver lining to this challenging year was that the company added 32,000 new Harley-Davidson riders in the US after taking several measures to create a more welcoming and all-inclusive brand. Polaris Industries Inc. (NYSE:PII), a one-time rival of Harley-Davidson, started winding down its "Victory" motorcycle operations in early 2017. This optimization initiative will lead to a reduction in operating income of $170 to $200 million through 2019 after which the company expects to see an ongoing cash savings of $65 to $75 million.

An electric motorcycle will, of course, not make burbling or popping noises.

Unfortunately for 800 Harley-Davidson employees in the Kansas City area, the Trump con is up and Harley-Davidson is closing the Kansas City assembly plant.

Harley-Davidson's retail motorcycle sales were off sharply in the company's latest quarterly earnings report.

It's no secret that the US motorcycle industry is in a downturn right now; industry-wide Q4 sales are down 6.5 percent compared to 2016, with Harley alone down 11.1 percent.

Worldwide sales fell 6.7-percent previous year. He said there were 32,000 more Harley riders at the end of 2017 than there were at the end of 2016. The Palisade Capital Management Llc holds 1.25 million shares with $23.43M value, up from 1.23 million last quarter. Over the past 12 months, the company's shares are down more than 12 percent.

Plans are underway to expand the York County plant, which will produce all Harley models, including the Softail, Sportster and Street motorcycles now made in Kansas City, according to spokeswoman Bernadette Lauer.

"The flux within the industry is higher than we thought", he said.

Other News

Trending Now

White House Says It Will Soon Release Framework On Immigration Reform
Lindsey Graham commented on the centrist groups that are forming to get an immigration agreement passed. . Trump remains the most important figure in the debate - and he is maintaining plenty of negotiating room.

LS Speaker seeks cooperation from parties for smooth Budget session
He said though there should be no politics on the issue as it relates to the rights of Muslim women, the Bill could not be passed. Mahajan made the appeal to leaders of various parties at a dinner hosted by her, a day before the start of the budget session.

Hyundai shows off redesigned, fourth-generation Santa Fe SUV ahead of debut
Several powertrain packages are likely, with an emphasis on a V-6 for the bigger model and an inline-four for the Santa Fe Sport. The midsize SUV will start receiving pre-orders from Feb. 7 and will officially start sales by the end of February.

Blue Moon to appear over Qatar sky on January 31
Positioned on the opposite side of the Earth from the sun, the blue moon will be fully illuminated at 13:26 UTC (8:26 am EST). The sky Wednesday morning will mark a celestial affair that hasn't occurred in the Chicago area in more than 150 years.

Glee's Mark Salling Dies Aged 35
He was ordered to pay $50,000 retribution to all victims that requested it, register as a sex offender , and undergo treatment. A month before his death, Salling formally pleaded guilty to possession of child pornography.

NBA Players Tweeted Their Support After DeMarcus Cousins' Season-Ending Injury
Gordon, who joined the Rockets in free agency before last season, launched a few of his 3-pointers from the French Quarter. Plus, his size will make it even tougher with guys like Elton Brand never really looking the same after an Achilles tear.

Michigan State Sports Officials in the Spotlight Following Nassar Sentencing
Title IX is a federal law that protects people from sexual discrimination in education or other programs receiving federal aid. Michigan State University will be investigated by a special prosecutor in the wake of Larry Nassar's sentencing , CNN reports.

Trump turns to 5G to avoid network spies
Shares of the biggest USA wireless carriers fell at the start of trade on Monday, with Verizon and AT&T down 1 percent. The Axios report calls the first option "an unprecedented nationalisation of a historically private infrastructure".

Expert on solar energy says new tariff will bring mixed results
The 30 percent tariff , which declines by 5 percent per year over four years, offers an exemption for the first 2.5 GW of imports. The two companies once employed some 3,200 Americans. "If I was an American-made company, I would increase my price", Beck said .

Dutch Spies Exposed Russian Hackers in US Election Meddling
Their camera access was said to add to evidence that the hacks from the group were backed by Russia's Foreign Intelligence Agency. And it was the information that they were able to provide to the United States shed light on Cozy Bear .