
The company's quarterly revenue was up 12.2% compared to the same quarter last year. equities analysts expect that Harley-Davidson will post 3.41 earnings per share for the current year.
Unfortunately for fans of the legacy bike brand, the announcement of the futuristic product was a side dish to some really troubling news for Harley-Davidson.
The Kansas City plant is home to Harley's vehicle and powertrain operations, assembling all Dyna, Sportster and VRSC motorcycles, and manufacturing powertrains for V-Rod bikes.
The plant will continue to do the same work it does now - fabrication, paint and assembly, Lauer said.
Hiring will begin mid-year through the next 17 months.
Harley-Davidson will close their New Castalloy factory, impacting 120 local workers. The company expects to incur restructuring and other associated costs of $170.0 million to $200.0 million and capital investment of approximately $75.0 million over the next two years. The Stock has its 52-week High of $63.40 and 52-Week Low of $44.52 and it touched its 52-week high on 03/16/17 and 52-Week Low on 11/08/17.
In an official statement, Harley CEO Matt Levatich said, "This decision was extremely hard but necessary under the circumstances".
Black History Month: Plainfield Schools Host Community Talent
Men of Excellence, an organization that supports minority males on campus, has hosted the "Continuing the Legacy Walk" since 2015. February 16 and a discussion led by NWC Associate Professor of History Amy McKinney will follow the film.
"Our actions to address the current environment through disciplined supply and cost management position us well as we drive to achieve our long-term objectives to build the next generation of Harley-Davidson riders globally", CEO Matt Levatich said in a news release.
Hundreds of working families are now wondering what their future holds because of this self-proclaimed American icon's insistence on shipping our jobs to Asia and South America.
What does this mean for Kansas City? Harley-Davidson has announced that "it will invest more aggressively to lead in the application of electric motorcycle technology". "We expect certain worldwide markets, particularly in Asia and South America, to have higher growth rates in heavyweight motorcycles than the U.S.", Diedrich said. It's a motorcycle that is still a concept and is under production, but now Harley-Davidson seems intent on bringing it closer to a full-spec production model.
"Where is my next job?" asked plant employee Dominique Alstrok.
"Factors that impacted the decision were plant size and layout, and the need for additional investments in equipment and floor space", the Motor Company stated. It opened in 1998 and is one of Harley-Davidson's four USA factories.
HARLEY-DAVIDSON'S latest set of end-of-year figures make grim reading, with sales down 6.7% in 2017 and perhaps more worryingly dropping by 8.5% in its core U.S. market. "Which is kind of neat to see" said Milwaukee Harley General Manager Goran Zadrima. "I started off in HR, but my job was eliminated", Said Hill Evans.
Related News:
-
Watch Joe Kennedy's Response to the State of the Union
Twitter lit up with jibes about the 37-year-old Democrat's response to President Donald Trump's State of the Union . Because the greatest, strongest, richest nation in the world shouldn't leave any one behind.I would rather be a farmer than manage Arsenal or Barcelona: Pochettino
Zinedine Zidane is struggling to win over the fans at the Bernabeu, as his side now sit in fourth position of La Liga. But Pochettino said: 'Football is not only to win trophies, it's the circumstances of different clubs.U.S. relationship as strong as ever: British PM May
In the longer-term, he said, the USA currency's value will be determined by the underlying strength of the US economy. It was Trump's first meeting of a trip aimed at touting his economic agenda and luring foreign investment to the U.S. -
Man Utd: Beckham backs Alexis for success after "amazing" move
Sanchez will make his league debut for his new club against his old rival - in what promises to be a tantalising affair. Frederick's grandson, Kieran, has also paid tribute to Mourinho's gesture - even though he's a Manchester City fan...Burned Bears Successfully Treated With Fish Skin
Veterinarians used acupuncture , fish skins and other alternative medical treatments to help wild animals recover from the burns. Peyton and Clifford cut grafts of clean tilapia skin and sewed them directly onto the bears' paws while they were anesthesized.'Super, Blue Blood Moon' Will Leave Spectators in Awe on January 31
Mythology - Cultures from all over the world have different explanations for lunar eclipses, according to National Geographic . To see the phenomenon, you need to be on the night side of the Earth; in Asia, Australia, the Pacific and North America. -
Hillary Clinton 'regrets' not firing aide in sexual harassment case
Strider, and she was moved to a different job within the campaign, reporting directly to Mike Henry, the deputy campaign manager. Clinton got to where she needed (and wanted) to be on the Burns Strider issue.Sky gazers, don't miss the super blue moon lunar eclipse Wednesday morning
News of this being the first total eclipse blue moon in 150 years has been making its rounds on social media. It'll be a blue moon, at least in name, because it will be the second full moon within a calendar month.Walmart signs Japan online grocery deal with Rakuten
In 2016, Japan was the second-largest market outside the US for Amazon , following Germany, with sales of $10.8 billion. The business is also to boost capacity by opening a dedicated grocery fulfillment center this year, they said. -
South Korea confirms it will not ban cryptocurrencies
Their mainnet was successfully released a week ago allowing Dev teams the appropriate amount of time to fine tune any issues. China has recently cracked down intensely on Bitcoin mining, while South Korea has also passed legislation recently.Carr, Walker, Miller help AFC rally to win Pro Bowl 24-23
New England needed a fourth quarter comeback against the Jaguars to punch another ticket to the Super Bowl . The AFC responded with a 12-play, 52-yard drive led by Pittsburgh Steelers quarterback Ben Roethlisberger .Land Rover Teases Limited Edition Range Rover SV Coupe
Colour-coded armrests are available on both rows, while a wood-veneer centre console extends the whole length of the vehicle . Interestingly, this would be the first production of two-door Range Rover in over a decade's now.