Even if Harley-Davidson decides to keep its local vehicle assembly operations in York County, the company would likely cut hundreds of workers in addition to cuts already made this year.
Noncore production, including some sub-assembly, chrome-plating and stamping of parts, would be outsourced to Harley suppliers under a plan the company told workers about Wednesday.
The moves would reduce the number of workers at the York operations regardless of whether the company decides to keep any of its operations in York County.
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October 29th, 2009 by speed
One month ago, I criticized Citigroup (NYSE: C) for its decision to upgrade Harley-Davidson (NYSE: HOG). Despite predicting that Harley would see its third-quarter sales drop 25%, Citi argued that Harley “turned a corner” in Q3, and that the business was now improving. But was the banker right?
Maybe yes
In a couple of respects, yes, the banker was right on the money. In one move to turn the proverbial corner, Harley promised to cease production of Buell motorcycles and sell off its MV Agusta subsidiary. Freed of these distractions, management will be “focusing on the Harley-Davidson brand” and trying to get it moving in the right direction.
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October 29th, 2009 by speed
TALLADEGA, Ala. (AP) — Harley-Davidson Inc. says it is shutting down its test facility at the Talladega Airport, eliminating about 100 jobs there.
The motorcycle company says it’s consolidating its test operations from Talladega, Naples, Fla., and Mesa, Ariz. to the Arizona Proving Grounds in Yucca, Ariz.
Pat Sweeney, a spokesman for Harley-Davidson, could not provide a date when the facility would close, but did say it would be sometime next year.
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October 29th, 2009 by speed
