Harley Davidson
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BIKERDAD61
Puddle Pusher
First I've heard of it but considering the shit economy and dealers have rows and rows of bikes on the floor, not suprising.
C
chaingunner
Guest
New, I just read it this morning....
:angry: :bang:
:angry: :bang:
BIKERDAD61
Puddle Pusher
Harley Stalls
Carl Gutierrez, 01.23.09, 10:45 AM EST
Nosediving demand has the motorcycle-icon cutting jobs, closing plants and not giving guidance.
Harley-Davidson, Inc.
01/23/2009 11:28AM ET$11.22-$1.18-9.52%
1 day3 mo1 yearAdvanced
At A GlanceChartNewsPeople
BATS Real-Time Market Data by XigniteHarley-Davidson is cutting jobs and closing plants as the motorcycle-maker boards up against the economic storm.
Harley (nyse: HOG - news - people ) said Friday that it would shed 1,100 jobs over the next two years, 800 of which will be from hourly production positions, and 300 from non-production, mostly salaried positions, and said its profits in the fourth quarter had fallen 58.0%.
The Milwaukee-based firm also reported a fourth-quarter earnings downfall of nearly 60.0%, far worse than Wall Street had anticipated, as demand for motorcycles have taken a nosedive amidst the credit crunch, U.S. recession and global economic slowdown.
Shares of Harley-Davidson fell 17.3%, or $2.14, to $10.26, in early-morning trading. Over the past year the company's shares have fallen 75.0%. It has refused to provide an outlook for 2009, citing the volatility of the current economic environment.
Yahoo! BuzzHarley said it would consolidate two engine and transmission plants in Milwaukee into its facility in Menomonee Falls, Wis. It is also planning to shrink its pain and frame operations at its York, Pa., plant and close its distribution facility in Franklin, Wis., giving its duties to a third party.
The company's financial-services wing reported a loss of $24.9 million, largely due to write-downs totaling $63.5 million. The company said it is now looking over its options on how to provide funding for the ailing Harley-Davidson Financial Services.
For the quarter, the company saw a 58.2% drop in earnings to $77.8 million, or 34 cents per share, from $186.1 million, or 78 cents per share, reported in last year's corresponding period. The results were well short of Wall Street's forecast of 57 cents per share.
Sales on the other hand were in line with expectations, falling 7.1% to $1.3 billion, from $1.4 billion.
Carl Gutierrez, 01.23.09, 10:45 AM EST
Nosediving demand has the motorcycle-icon cutting jobs, closing plants and not giving guidance.
Harley-Davidson, Inc.
01/23/2009 11:28AM ET$11.22-$1.18-9.52%
1 day3 mo1 yearAdvanced
At A GlanceChartNewsPeople
BATS Real-Time Market Data by XigniteHarley-Davidson is cutting jobs and closing plants as the motorcycle-maker boards up against the economic storm.
Harley (nyse: HOG - news - people ) said Friday that it would shed 1,100 jobs over the next two years, 800 of which will be from hourly production positions, and 300 from non-production, mostly salaried positions, and said its profits in the fourth quarter had fallen 58.0%.
The Milwaukee-based firm also reported a fourth-quarter earnings downfall of nearly 60.0%, far worse than Wall Street had anticipated, as demand for motorcycles have taken a nosedive amidst the credit crunch, U.S. recession and global economic slowdown.
Shares of Harley-Davidson fell 17.3%, or $2.14, to $10.26, in early-morning trading. Over the past year the company's shares have fallen 75.0%. It has refused to provide an outlook for 2009, citing the volatility of the current economic environment.
Yahoo! BuzzHarley said it would consolidate two engine and transmission plants in Milwaukee into its facility in Menomonee Falls, Wis. It is also planning to shrink its pain and frame operations at its York, Pa., plant and close its distribution facility in Franklin, Wis., giving its duties to a third party.
The company's financial-services wing reported a loss of $24.9 million, largely due to write-downs totaling $63.5 million. The company said it is now looking over its options on how to provide funding for the ailing Harley-Davidson Financial Services.
For the quarter, the company saw a 58.2% drop in earnings to $77.8 million, or 34 cents per share, from $186.1 million, or 78 cents per share, reported in last year's corresponding period. The results were well short of Wall Street's forecast of 57 cents per share.
Sales on the other hand were in line with expectations, falling 7.1% to $1.3 billion, from $1.4 billion.
I would like to know how many bikes they are producing. In 07 they produced 360,000 and I don't know how many they did in 07 or how many they have projected for this year.
That would tell a lot also. Just as BDM has cut back everyone else in the motorcycle/auto industry has done the same. Rough times for sure but seems BDM has forcasted and planned appropriately.
Hope it doesn't last long and they can all get back to full production.
:flag:
:flag:
That would tell a lot also. Just as BDM has cut back everyone else in the motorcycle/auto industry has done the same. Rough times for sure but seems BDM has forcasted and planned appropriately.
Hope it doesn't last long and they can all get back to full production.
:flag:
:flag:
bdmridgeback
Low Down Chop Shop
I guess Harleys are just like Houses, They built way too many of them. And now good (nearly new) used ones are a "dime a dozen". Little wonder they can't sell many new ones (to folks with no credit and losing their jobs).
Truly a sad state of affairs. In this whole mess someone in our mass of govt regulators, obviously WASN'T MINDING THE STORE!:angry: (just like the dot.com bubble and bust greed, homeland security before 9-11, Katrina preparedness, and now the mortgage crisis).:bang:
Shovelcowboy
Truly a sad state of affairs. In this whole mess someone in our mass of govt regulators, obviously WASN'T MINDING THE STORE!:angry: (just like the dot.com bubble and bust greed, homeland security before 9-11, Katrina preparedness, and now the mortgage crisis).:bang:
Shovelcowboy