Harley-Davidson Spirals Down, Announces US Layoffs, Builds Factory in Thailand
by Wolf Richter • Jul 18, 2017 • 125 Comments
Shares of Harley-Davidson (HOG) dropped 10% in the morning after the company reported second-quarter earnings and were down nearly 6% at the end of the day. Almost everything was bad.
Retail sales by its dealers in the US fell 9.3% in Q2, compared to a year ago, to 49,668 motorcycles. They were “down more than we anticipated,” the company said. And with “soft sales across most markets,” sales by its dealers globally fell 6.7%.
http://wolfstreet.com/2017/07/18/harley-davidson-sales-layoffs-builds-plant-in-thailand-motorcycle-industry-sales/
