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A boardroom battle is brewing at Harley-Davidson as investors trying to wrestle control have suggested CEO and president Matt Levatich was sacked last month and was paid a record $11m last year. His departure comes as the company experiences its biggest sales slide since the Global Financial Crisis. Hedge fund Impala Asset Management who have a 1.2% share …
Harley-Davidson boss Matt Levatich has just announced his is stepping down as the company experiences its biggest sales slide since the Global Financial Crisis. In response to Levatich stepping down as CEO, president and board member, Harley shares jumped 4.9% on American markets. Levatich legacy Levatich took over in May 2015 and was pivotal in …
Harley-Davidson plans to produce a sub-500cc motorcycle for the Asian market in collaboration with a local manufacturer within the next year. It wouldn’t be the smallest motorcycle they’ve ever made. That would be the 1970s 90cc monkey bike pictured above. The sub-500cc bike plan is included in the company’s ‘More Roads’ initiative, a strategic long-term …
Harley-Davidson is certainly serious about electric motorcycles with the announcement of a new research and development facility in California’s Silicon Valley for its coming line of electric motorcycles and bicycles. The new facility, serving as a satellite of the Willie G. Davidson Product Development Facility in Wauwatosa, Wisconsin, is expected to open in the fourth …
Harley-Davidson is shutting its Kansas City plant and will this year start building bikes in Thailand because President Donald Trump has abandoned the Trans-Pacific Partnership, says boss Matt Levatich. The extraordinary statement comes as Matt addressed media and shareholders over its first-quarter results. Harley’s global sales were down 7.2% in the quarter, including a 19.9% …
Claims that millennials are not buying Harley-Davidson motorcycles, particularly in America, are not the case in Australia and New Zealand. Harley-Davidson Australia and New Zealand marketing boss Adam Wright says their average age of buyers has trended downward, especially since the introduction of the learner-approved Street 500 in 2015. In its first year the bike …
Harley-Davidson is serious about developing 100 new models in the next 10 years and is not just grabbing headlines, says Bill Davidson, great grandson of founder William A. Davidson. Early this year company boss Matt Levatich said they would unveil 50 new models in five years and last month updated that comment to 100 new …
Harley-Davidson will introduce 50 new models in the next five years to counteract stalling sales, including an electric bike, says boss Matt Levatich. “I’ve never been more excited about our product pipeline in my 22 years here at Harley-Davidson,” he says. The Milwaukee motorcycle manufacturer released its 2016 fourth quarter results this week showing a …
Harley-Davidson could be having a quiet year, model-wise, in 2016 after a few hectic years of new models. In 2013, they had a massive model overhaul of their Touring range with Project Rushmore, then there was the new Street family, a mid-year introduction of a couple of “low” models and the Project LiveWire electric motorcycle. …
Sponsorship deals don’t usually make the news, but it does when Harley-Davidson signs a massive 75-year deal to be the official bike of the Sturgis Rally. The annual event in South Dakota is the world’s biggest motorcycle rally, attracting a record of 660,000 in 2000 and expecting to host one million riders for its 75th anniversary …