While the company has not committed to the entire amount of the loan, it is committed to draw at least $US150m (about $A215m).
It’s all very confounding, but Jochen says he will reveal details later this month when he announces second quarter financial results.
“Our new operating model is simpler, more focused and enables faster decisions across the entire company,” he says.
“The Rewire is progressing very well and substantial work is being done to eliminate complexity and get Harley-Davidson on a path to winning.
“Our new operating model is simpler, more focused and enables faster decisions across the entire company.
“We’ve taken a hard look at our entire set up, our spending, and how work is getting done, to align our operating model, structure and processes. We are building a strong foundation to drive a high-performance organization in the future.”
Meanwhile, VP Treasurer Darrell Thomas will become interim CFO, replacing CFO John Olin who is retiring.