Harley-Davidson News
HARLEY-DAVIDSON INTRODUCES TWO NEW MOTORCYCLE MODELS
Feb 01, 2012 | Source
Seventy-Two™ and Softail® Slim™ Cue on Garage-Built Custom Trends
MILWAUKEE, Feb. 1, 2012 /PRNewswire/—Harley-Davidson (NYSE: HOG) today announced the introduction of two new motorcycle models, the Seventy-Two™ and the Softail® Slim™, each inspired by current trends in the American garage-built custom motorcycle scene. Both new models are mid-year additions to the 2012 Harley-Davidson motorcycle line-up, and will be available immediately at authorized Harley-Davidson dealers.
Harley-Davidson to Exit Operation of New Castalloy Manufacturing Subsidiary
Dec 08, 2011
MILWAUKEE, Dec. 7, 2011 /PRNewswire via COMTEX/—
Harley-Davidson, Inc. (NYSE: HOG) will cease operations at New Castalloy, its Australian subsidiary producer of cast motorcycle wheels and wheel hubs, and source those components through other existing suppliers. Harley-Davidson expects the transition of supply from the Adelaide-based New Castalloy to be complete by mid 2013.
The decision to close New Castalloy comes as part of an overall strategy Harley-Davidson embarked on in 2009 to develop world-class manufacturing capability throughout the company by restructuring and consolidating operations for greater competitiveness, efficiency and flexibility. Under the strategy, the Company is focusing its production operations on metal fabrication for motorcycle fuel tanks, fenders and frames, paint, final assembly and powertrain production, and has been transitioning to suppliers work that is outside these areas or cannot be performed competitively in house.
“The Company’s decision on wheel production follows a review of the long-term fit and competitiveness of the New Castalloy business with our strategy and was not made lightly,” said Matt Levatich, President and Chief Operating Officer, Harley-Davidson Motor Company. “New Castalloy has been a valued part of the Harley-Davidson team. We appreciate the many significant contributions of New Castalloy’s employees over the years.”
The facility produces the majority of cast wheels for Harley-Davidson motorcycles and has a workforce of 212, including 183 employees and 29 contract workers.
Harley-Davidson acquired the wheel producer in 2006 to ensure continuity of supply at a time when the facility - a long-time supplier to Harley-Davidson - was on the verge of closing amid the bankruptcy proceedings of its then parent company.
The sourcing of the New Castalloy production to other existing suppliers is expected to generate about $9 million in annual ongoing savings beginning in 2014. Harley-Davidson expects to incur about $30 million in restructuring charges related to the transition, including approximately $10 million in 2011 and $20 million in 2012. Approximately 35 percent of the $30 million will be non-cash charges.
Including the closing of the New Castalloy operations, Harley-Davidson now expects all restructuring activities initiated since early 2009 to generate annual ongoing savings upon completion of approximately $315 million to $335 million, and to result in one-time overall costs of $505 million to $525 million, including costs of $75 million to $85 million in 2011 and $45 million to $55 million in 2012.
Company Background
Harley-Davidson, Inc. is the parent company of Harley-Davidson Motor Company and Harley-Davidson Financial Services. Harley-Davidson Motor Company produces heavyweight custom, cruiser and touring motorcycles and offers a complete line of Harley-Davidson motorcycle parts, accessories, riding gear and apparel, and general merchandise. Harley-Davidson Financial Services provides wholesale and retail financing, insurance, extended service and other protection plans and credit card programs to Harley-Davidson dealers and riders in the U.S., Canada and other select international countries. For more information, visit Harley-Davidson’s Web site at www.harley-davidson.com.
Forward Looking Statements
This Press Release includes “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such because the context of the statement will include words such as the Company “believes,” “anticipates,” “expects,” “plans,” or “estimates” or words of similar meaning. Similarly, statements that describe future plans, objectives, outlooks, targets, guidance or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated as of the date of this report. These risks and uncertainties include, among other things, uncertainties regarding the timing of implementing the exit plan and the amounts of the related charges and uncertainties regarding the Company’s ability to execute the Company’s restructuring plans within expected costs and timing, as well as the factors disclosed in the Company’s Securities and Exchange Commission filings. Shareholders, potential investors, and other readers are urged to consider these factors in evaluating the forward-looking statements and cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements included in this report are only made as of the date of this report, and the Company disclaims any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
SOURCE Harley-Davidson, Inc.
Harley-Davidson produces limited edition to mark ROC centennial
Sep 22, 2011 | Source
In an unprecedented move, iconic American motorcycle maker Harley-Davidson has produced 100 limited edition bikes engraved with the Chinese characters for “Harley” and “peace” to mark the Republic of China’s centennial, its local agent said Thursday.
“This is the first time that Harley-Davidson has ever designed and produced a limited edition for a single country,” said Tung Teh-wang, a board member of Harley-Davidson’s local agent Swire Pacific Ltd.
The special commemorative edition includes various models such as the Dyna Super Glide Custom, Heritage Softail Classic, Fat Boy, Road King Classic, Street Glide, and Ultra Classic Electra Glide, Tung said. All the models carry the Chinese characters for “Harley” and “peace,” he said.
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Harley-Davidson Presents $3 million to MDA during 2011 Telethon
Sep 06, 2011
Harley-Davidson’s family of customers, dealers, employees and suppliers has presented a contribution of $3 million during the 2011 Muscular Dystrophy Association Labor Day Telethon. Today’s contribution marks the 31st year Harley-Davidson has supported MDA, and brings its cumulative fundraising to $79 million.
Contributions total $79 million since 1980.
MILWAUKEE, Sept. 4, 2011 /PRNewswire via COMTEX/—
Harley-Davidson’s family of customers, dealers, employees and suppliers has presented a contribution of $3 million during the 2011 Muscular Dystrophy Association Labor Day Telethon. Today’s contribution marks the 31st year Harley-Davidson has supported MDA, and brings its cumulative fundraising to $79 million.
Mike Kennedy, Harley-Davidson Motor Company’s Vice President, North America Sales, along with representatives from the company’s top U.S. fundraising dealerships, presented the check to MDA.
“I am proud to represent the entire Harley-Davidson family today who continue to come together to Make a Muscle and Make a Difference for the families living with neuromuscular diseases,” said Kennedy. “For 31 years, thousands upon thousands of members of the Harley-Davidson family have given their time, their love and their dollars to help fulfill the dreams of a brighter future for everyone with muscular dystrophy.”
Harley-Davidson fundraising activities for MDA included pledge rides, dealer fundraisers, motorcycle raffles, Black-N-Blue Ball fundraising dinners and commemorative pin sales. The funds raised helped support MDA summer camps, life-saving research and comprehensive medical care for children and adults with neuromuscular disease. Harley-Davidson’s efforts have again placed the company among the top corporate donors to MDA this year.
Joining Kennedy on the telethon broadcast were representatives from dealerships that hosted top MDA fundraising events this year. These dealers include the Pennsylvania Eastern Harley-Davidson Dealers Association, which holds the single largest MDA fundraising event in the country - the annual Ride for Life. The 2011 event raised nearly $1 million. Also participating in the broadcast were representatives from Kutter Harley-Davidson in Janesville, Wis; Motor City Harley-Davidson in Farmington Hills, Mich; and Sauk Prairie Harley-Davidson in Sauk City, Wis.
Harley-Davidson has been a national sponsor of the Muscular Dystrophy Association since 1980. This longstanding partnership started with the simple notion of “Bikers Ride for MD” and has resulted in millions of dollars being raised to help MDA and the children and adults it supports. For more information on the Harley-Davidson and MDA relationship, visit www.mdarides.org.
Harley-Davidson Motor Company produces heavyweight custom, cruiser and touring motorcycles and offers a complete line of Harley-Davidson motorcycle parts, accessories, riding gear and apparel, and general merchandise. For more information, visit Harley-Davidson’s website at www.harley-davidson.com.
More Harley-Davidson Models with Twin Cam 103™ Power in 2012
Jul 22, 2011
V-Rod® 10th Anniversary Edition and Dyna® Switchback Bagger Join the Model Line
MILWAUKEE (July 20, 2011) - Harley-Davidson offers more Big Twin performance for 2012 as its Twin Cam 103™ powertrain is standard equipment on Softail® and Touring motorcycle models and most Dyna® motorcycle models. Harley-Davidson will offer two new models for 2012. The V-Rod® 10th Anniversary Edition celebrates a decade of power-cruiser performance, while the new Dyna® Switchback is a convertible custom-touring motorcycle with detachable hard saddlebags and windshield. In addition, the Night Rod® Special has significant updates for 2012 with refreshed bodywork and optimized rider ergonomics. Harley-Davidson Custom Vehicle Operations (CVO)™ rolls out the gleaming new CVO™ Road Glide® Custom, a limited-production, high-performance touring masterpiece.
Harley-Davidson believes every motorcycle it sells can be a custom of one. Harley-Davidson H-D1™ is a comprehensive offering of customization tools for the Harley-Davidson® motorcycle owner. H-D1 tools include Harley-Davidson® Genuine Motor Accessories listings in print and on-line catalogs, Fit Shop and consultation services at Harley-Davidson dealerships, and factory customization and Bike Builder tools on harley-davidson.com. H-D1 offers almost unlimited opportunities to optimize fit, function, style and performance and turn a Harley into a motorcycle that is truly personalized to its owner.
Harley-Davidson heads into 2012 with 32 models, each born of experience that spans generations and a passion for riding that will never diminish.
Highlights of the 2012 Harley-Davidson line include:
- The Twin Cam 103™ engine powers all 2012 Dyna®, Softail® and Touring models with the exception of the Dyna Street Bob® and Dyna Super Glide® Custom. This engine produces up to 100 ft lbs. peak torque, an increase of approximately 6 percent over the Twin Cam 96™ engine it replaces as standard power for many of these models. The Twin Cam 103 is equipped with automatic compression release. It features identifying badges on the derby cover, timer cover and air cleaner trim ring.
- A Security Package that pairs Anti-lock Braking System (ABS) with Smart Security System with proximity-based, hands-free security fob is available for all 2012 V-Rod®, Dyna®, Softail®, Touring and CVO™ models. The Security Package is standard equipment on CVO™ models and on the Road Glide® Ultra, the Electra Glide® Ultra Limited, and the Road King® Classic. The Security Package is a factory-installed option for all other models.
- The Night Rod® Special is updated with new tapered tail section, lighter-weight wheels, an inverted front fork and improved ergonomics. Harley-Davidson celebrates a decade of power cruising with the V-Rod® 10th Anniversary Edition motorcycle, finished in Brilliant Silver Pearl bodywork that evokes the anodized aluminum bodywork of the original V-Rod model that introduced the liquid-cooled Revolution V-Twin engine in 2002. All V-Rod models will carry V-Rod 10th Anniversary badges.
- The new Dyna® Switchback combines hard saddlebags and a windshield with the eager handling and Twin Cam 103 performance of the Dyna chassis. It’s a custom-touring bike ready for a long weekend trip, until the detachable bags and windshield are removed. Then in seconds the Switchback becomes a custom street cruiser with a gleaming headlamp nacelle, five-spoke cast-aluminum wheels and a mini-ape handlebar. This convertible concept makes the versatile Switchback two motorcycles in one.
- All Harley-Davidson® Softail® models get the performance boost of the Twin Cam 103 engine for 2012. The Fat Boy® and Fat Boy® Lo have a new reduced-reach handlebar for more-comfortable ergonomics. A lower, narrower seat shape places the Fat Boy rider in a new “in the bike” position. The Softail® Deluxe and Heritage Softail® Classic will be available with a new optional “tubeless” Chrome Aluminum Profile Laced wheel option for ease of tire replacement and repair.
- The Twin Cam 103™ powertrain gives all Harley-Davidson® Touring models assertive power for passing. On Touring models, the Twin Cam 103 is equipped with an oil cooler. All Touring models except the Ultra Limited will offer a new “tubeless” Chrome Aluminum Profile Laced wheel option.
- The Harley-Davidson Sportster® line appeals to a broad range of riders with six 2012 models ranging from the race-inspired XR1200X™ to the accessible SuperLow® to Dark Custom roadsters like the Iron 883™, Nightster® and Forty-Eight®. The Sportster® 1200 Custom can be personalized for fit, function and style with H-D1™ factory customization, a process that allows customers to use the Bike Builder tool on harley-davidson.com to build the motorcycle from a selection of options that are installed as the bike is assembled by Harley-Davidson Motor Company or are installed by a dealer after the motorcycle is delivered. New 1200 Custom color options have been added to Bike Builder for 2012.
- The new CVO™ Road Glide® Custom is one of four limited-production 2012 models from Harley-Davidson Custom Vehicle Operations (CVO)™, each turned out with bold paint, gleaming chrome, and the most-powerful V-Twin engines offered in production Harley-Davidson motorcycles. CVO Road Glide Custom is a hot-rod bagger with a frame-mounted fairing topped with a smoked Wind Splitter windshield, a high-output, amplified Harman/Kardon® Advanced Audio system, and a color-matched, low-profile fuel tank console.
Harley-Davidson Motor Company produces heavyweight custom, cruiser and touring motorcycles and offers a complete line of Harley-Davidson motorcycle parts, accessories, riding gear and apparel, and general merchandise. For more information, visit Harley-Davidson’s Web site at www.harley-davidson.com.
Harley-Davidson unveils 2012 models
Jul 21, 2011 | Source
Harley-Davidson Inc. has rolled out its 2012 motorcycle lineup, which includes a 10th-anniversary V-Rod bike and a touring motorcycle with detachable saddle bags.
Harley also has included a more powerful engine in its Dyna, Softail and Touring models, and it has updated the Night Rod Special with improved ergonomics.
The company heads into 2012 with 32 models and increased emphasis on customizing motorcycles at the factory.
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HARLEY-DAVIDSON REPORTS BROAD PERFORMANCE IMPROVEMENT IN SECOND QUARTER
Jul 19, 2011
Earnings Climb to $0.81 Per Share on Motorcycle Shipment Growth, Improved Operating Margin for Motorcycles and Financial Services
Worldwide Harley-Davidson® Retail New Motorcycle Sales Rise, Driven by 7.5 Percent Growth in U.S.
Company Raises Guidance for Motorcycle Shipments
MILWAUKEE, July 19, 2011—Harley-Davidson, Inc. (NYSE: HOG) generated broad performance improvements in the second quarter of 2011, with strong earnings growth, increased shipments and growth in its dealers’ new motorcycle sales both in the U.S. and globally.
Income from continuing operations in the second-quarter 2011 rose 36.8 percent to $190.6 million, or $0.81 per share, compared to income of $139.3 million, or $0.59 per share from continuing operations in the year-ago quarter. Second-quarter 2011 earnings results were led by operating income from the Motorcycles and Related Products, which grew 39.2 percent to $219.8 million on higher shipment volume and operating margin improvement. Operating income from the Financial Services grew 34.9 percent, compared to the second quarter of 2010.
Retail sales of new Harley-Davidson motorcycles grew 7.5 percent in the U.S. and 5.6 percent worldwide in the second quarter.
The Company raised its shipment forecast for 2011 and now expects to ship between 228,000 and 235,000 new Harley-Davidson motorcycles to dealers and distributors worldwide, an increase of 8 percent to 12 percent compared to 2010 shipments.
For the first six months of 2011, Harley-Davidson income from continuing operations was up 48.9 percent compared to the year-ago period to $309.8 million, or $1.31 per share.
“Harley-Davidson continues to make great progress as we transform our business and take our iconic brand to the many roads of the world,” said Keith Wandell, President and Chief Executive Officer of Harley-Davidson, Inc.
“While we are pleased by Harley-Davidson’s second-quarter results, including the strong jump at retail in the U.S., our focus remains squarely on sustaining this progress through the ongoing implementation of our business strategy.
“Through the transformation to best-in-class manufacturing, product development and retail capabilities, we are positioning Harley-Davidson to be customer-led in all we do. Our employees, dealers and suppliers deserve tremendous credit for their dedication to making customers’ dreams a reality by delivering remarkable products and extraordinary customer experiences,” Wandell said.
“We also believe the continued improvement in our results in the face of ongoing consumer and economic uncertainty speaks to the power of the Harley-Davidson brand globally,” Wandell said.
Retail Harley-Davidson Motorcycle Sales
On a worldwide basis, second-quarter retail Harley-Davidson new motorcycle sales grew 5.6 percent compared to last year’s second quarter. Dealers sold 53,599 new Harley-Davidson motorcycles in the U.S., a 7.5 percent increase compared to last year’s second quarter and the first year-over-year quarterly rise in U.S. Harley-Davidson new motorcycles sales since the fourth quarter of 2006. Retail sales of 29,797 new motorcycles in international markets in the second quarter marked an increase of 2.4 percent compared to the year-ago period. Industry-wide U.S. heavyweight new motorcycle (651cc-plus) retail unit sales increased 4.2 percent in the second quarter of 2011 compared to the year-ago period.
Through six months, worldwide retail sales of new Harley-Davidson motorcycles increased 4.8 percent to 132,991 units compared to the prior-year period. U.S. retail sales of new Harley-Davidson motorcycles increased 4.4 percent to 85,290 units for the first half of the year compared to the year-ago period. In international markets, retail sales of new Harley-Davidson motorcycles increased 5.6 percent to 47,701 units for the first six months of 2011 compared to 2010. Through six months, industry-wide U.S. heavyweight new motorcycle (651cc-plus) retail unit sales increased 3.8 percent, compared to the year-ago period.
Second-quarter and first-half data are listed in the accompanying tables.
Harley-Davidson Motorcycles and Related Products Segment Financial Results
Second-Quarter Segment Results: Revenue from Harley-Davidson Motorcycles during the second quarter of 2011 of $1.01 billion was up 20.9 percent compared to the year-ago period. The Company shipped 66,815 Harley-Davidson motorcycles to dealers and distributors worldwide during the quarter, compared to shipments of 59,046 motorcycles in the second quarter of 2010.
Revenue from Motorcycle Parts and Accessories (P&A) totaled $255.4 million during the quarter, up 10.2 percent, and revenue from General Merchandise, which includes MotorClothes® Apparel and Accessories, was $72.9 million, up 8.2 percent compared to the year-ago period.
Gross margin was 35.0 percent in the second quarter, flat to the year-ago period. Second-quarter operating margin was 16.4 percent, compared to 13.9 percent in the second quarter of 2010.
Six-Month Segment Results: Through the first six months of 2011, the Company shipped 120,642 new Harley-Davidson motorcycles to dealers and distributors, a 7.0 percent increase compared to last year’s 112,720 units for the period. Revenue from Harley-Davidson Motorcycles through six months was $1.84 billion, a 12.1 percent increase compared to the year-ago period. Six-month P&A revenue was $419.7 million, a 10.2 percent increase from the first half of 2010. General Merchandise revenue was $135.5 million, a 1.4 percent increase compared to the same period in 2010. Gross margin through six months was 34.1 percent and operating margin was 14.4 percent, compared to 35.7 percent and 13.1 percent respectively in last year’s first half.
Financial Services Segment
The Financial Services segment recorded operating income of $82.0 million in the second quarter, compared to operating income of $60.8 million in the year-ago quarter. The increase in year-over-year operating income was largely the result of continued improvement in credit performance. Through six months, operating income from financial services was $150.0 million, compared to operating income of $87.5 million in the first half of 2010.
Guidance
The Company raised shipment guidance for 2011 and now expects to ship 228,000 to 235,000 Harley-Davidson motorcycles to dealers and distributors worldwide, compared to guidance provided April 19, 2011 of 215,000 to 228,000 motorcycles. In the third quarter of 2011, the Company expects to ship 60,000 to 65,000 motorcycles. For all of 2010, the Company shipped 210,494 motorcycles.
The change in shipment guidance reflects ongoing efforts to manage supply in line with demand following strong second-quarter retail sales, as well as the Company’s increased confidence in its ability to minimize the impact of potential supply chain interruptions resulting from the March earthquake in Japan.
Harley-Davidson now expects gross margin to be between 34.0 percent and 35.0 percent for the full year, versus the prior estimate of 33.5 percent to 35.0 percent. The Company continues to expect full-year capital expenditures of between $210 million and $230 million, which includes $70 million to $85 million to support restructuring activities.
Restructuring Update
Harley-Davidson has reduced the cost estimates for restructuring activities and now expects all previously announced company-wide restructuring activities to result in one-time charges of $490 million to $505 million, including 2011 charges of $80 million to $90 million. The Company continues to expect to realize savings on a cumulative basis in 2011 of $210 million to $230 million from restructuring activities initiated since early 2009, and annual ongoing savings of $305 million to $325 million when the restructuring is fully implemented. Through the first six months of 2011, the Company incurred restructuring charges of $36.6 million, including $13.6 million in the second quarter.
Income Tax Rate
Through six months, the Company’s effective tax rate was 34.8 percent, compared to 36.4 percent in the year-ago period. The 2010 effective tax rate through the second quarter was negatively impacted by the healthcare reform legislation offset by a favorable settlement of an IRS audit. In 2011, the Company expects its full-year effective tax rate from continuing operations to be approximately 35.0 percent.
Cash Flow
Cash and marketable securities totaled $1.22 billion as of June 26, 2011, compared to $1.50 billion at the end of last year’s second quarter. During the first six months of 2011, Harley-Davidson generated $473.0 million of cash from operating activities, which included a $200.0 million contribution to company pension plans. In the first half of 2010, the Company generated $726.0 million of cash from operating activities. Capital expenditures were $69.3 million for the six months ended in June 2011.
Company Background
Harley-Davidson, Inc. is the parent company of Harley-Davidson Motor Company and Harley-Davidson Financial Services. Harley-Davidson Motor Company produces heavyweight custom, cruiser and touring motorcycles and offers a complete line of Harley-Davidson motorcycle parts, accessories, riding gear and apparel, and general merchandise. Harley-Davidson Financial Services provides wholesale and retail financing, insurance, extended service and other protection plans and credit card programs to Harley-Davidson dealers and riders in the U.S., Canada and select European countries. For more information, visit Harley-Davidson’s Web site at www.harley-davidson.com.
Conference Call and Webcast Presentation
Harley-Davidson will discuss second-quarter results on a Webcast at 8:00 a.m. CT today. The Webcast presentation will be posted prior to the call and can be accessed at http://investor.harley-davidson.com/. Click “Events and Presentations” under “Resources.”
Forward-Looking Statements
The Company intends that certain matters discussed in this release are “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such because the context of the statement will include words such as the Company “believes,” “anticipates,” “expects,” “plans,” or “estimates” or words of similar meaning. Similarly, statements that describe future plans, objectives, outlooks, targets, guidance or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated as of the date of this release. Certain of such risks and uncertainties are described below. Shareholders, potential investors, and other readers are urged to consider these factors in evaluating the forward-looking statements and cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements included in this release are only made as of the date of this release, and the Company disclaims any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
The Company’s ability to meet the targets and expectations noted depends upon, among other factors, the Company’s ability to (i) execute its business strategy, (ii) effectively execute the Company’s restructuring plans within expected costs and timing, (iii) implement and manage enterprise-wide information technology solutions, including solutions at its manufacturing facilities, and secure data contained in those systems (iv) anticipate the level of consumer confidence in the economy, (v) continue to realize production efficiencies at its production facilities and manage operating costs including materials, labor and overhead, (vi) successfully implement with our labor unions the agreements that we have executed with them that we believe will provide flexibility and cost-effectiveness to accomplish restructuring goals and long-term competitiveness, (vii) manage supply chain issues, including the ability of several Company suppliers to execute short-term and long-term contingency plans for maintaining supply, or obtaining alternate supply, of certain components and sub-components currently manufactured in Japan, (viii) manage production capacity and production changes, (ix) provide products, services and experiences that are successful in the marketplace, (x) develop and implement sales and marketing plans that retain existing retail customers and attract new retail customers in an increasingly competitive marketplace, (xi) manage the risks that our independent dealers may have difficulty obtaining capital and managing through unfavorable economic conditions and consumer demand, (xii) continue to have access to reliable sources of capital funding and adjust to fluctuations in the cost of capital, (xiii) manage the credit quality, the loan servicing and collection activities, and the recovery rates of HDFS’ loan portfolio, (xiv) sell all of its motorcycles and related products and services to its independent dealers, (xv) continue to develop the capabilities of its distributor and dealer network, (xvi) manage changes and prepare for requirements in legislative and regulatory environments for its products, services and operations, (xvii) adjust to fluctuations in foreign currency exchange rates, interest rates and commodity prices, (xviii) adjust to healthcare inflation and reform, pension reform and tax changes, (xix) retain and attract talented employees, and (xx) detect any issues with our motorcycles or manufacturing processes to avoid delays in new model launches, recall campaigns, increased warranty costs or litigation.
In addition, the Company could experience delays or disruptions in its operations as a result of work stoppages, strikes, natural causes, terrorism or other factors. Other factors are described in risk factors that the Company has disclosed in documents previously filed with the Securities and Exchange Commission. Many of these risk factors are impacted by the changing capital, credit and retail markets and our ability to manage through inconsistent economic conditions.
The Company’s ability to sell its motorcycles and related products and services and to meet its financial expectations also depends on the ability of the Company’s independent dealers to sell its motorcycles and related products and services to retail customers. The Company depends on the capability and financial capacity of its independent dealers and distributors to develop and implement effective retail sales plans to create demand for the motorcycles and related products and services they purchase from the Company. In addition, the Company’s independent dealers and distributors may experience difficulties in operating their businesses and selling Harley-Davidson motorcycles and related products and services as a result of weather, economic conditions or other factors.
Designing a Harley-Davidson engine
Jul 14, 2011 | Source
The Harley-Davidson Steel Toe Tour at the company’s Powertrain Operations plant here gives visitors a behind-the-scenes look at the engine-build process, as well as some insight into how a bike evolves from a sketch on a notepad to a roaring machine on the open road.
In 2010, Harley-Davidson, the last American motorcycle manufacturer, started giving tours at the company’s primary engine manufacturing plant here just north of Milwaukee. Only about 2,000 motorcycle enthusiasts have taken the Harley-Davidson Steel Toe Tour, and CNET got to tag along for it this weekend.
While portions of Harley-Davidson’s operation are off limits to photographers, we were allowed to offer some images from the company’s factory and museum archives. This rare sketch of possible passenger seat designs for the Harley-Davidson Rocker concept bike shows that the entire process all starts with pen, ink, and paper.
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Aermachhi Harleys to AMA Vintage Days
Jul 14, 2011 | Source
The list of rare and historically significant Aermacchi/Harley-Davidson motorcycles that will be on display at this year’s AMA Vintage Motorcycle Days featuring Kawasaki, Marque of the Year, continues to grow, with a championship winning RR 250 heading the bill for the July 22-24 event at Mid-Ohio Sports Car Course in Lexington, Ohio.
John Basore (Aermacchi Group) says: “We’ve got some great bikes. I’ve probably got one of every racer Aermacchi ever had lined up.”
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Getting a peek at Harley-Davidson’s engine factory
Jul 11, 2011 | Source
To Harley-Davidson riders, the Powertrain Operations facility here just north of Milwaukee is hallowed ground. It’s where the hearts of their favorite bikes start beating.
Engines for most of the Harley-Davidson line come alive here before they head to bike assembly plants in Pennsylvania and Missouri. To help promote Harley-Davidson’s emerging Dark Custom line, CNET was invited to stroll through the plant as part of its Steel Toe Tour this past weekend to see how the company’s V-Twin engines come together.
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Select 2012 Harley-Davidson® Motorcycles Are Ready To Ride
Jun 30, 2011
New Harley-Davidson Touring, Trike and Sportster Models Arrive at Dealerships
MILWAUKEE (June 29, 2011) Harley-Davidson has begun delivery of all 15 models in the 2012 Touring, Trike (North America only) and Sportster lines to its dealers in the U.S. and Europe. These motorcycles will be available for sale immediately, giving customers an opportunity to get on a 2012-model Harley-Davidson with much of the riding season still available. Shipment of these select 2012 models has been accelerated to provide greater continuity of supply in dealerships during the peak summer selling season. Additional 2012 models will be announced on July 20 at the Harley-Davidson summer dealer meeting in Anaheim, California.
2012 Sportster: Personalization and Power
The six 2012 Harley-Davidson Sportster models range from the affordable Dark Custom roadster posture of the Iron 883™ to the track-inspired performance of the XR1200X™. Each Sportster model offers the heartbeat of an authentic American V-Twin engine and pace-setting style and performance.
Back for its first full year of production is the Sportster® 1200 Custom, the motorcycle that introduced the web-based H-D1™ Bike Builder factory customization process. Using Bike Builder, customers can personalize their 1200 Custom with seat, handlebar, foot control, wheel, security, paint and engine finish options that are installed right at the factory. Even more dealer-installed accessories can be added, and viewed, on the Bike Builder site. The customer can then print out a description of their bike and bring it to a Harley-Davidson dealer to review the motorcycle with trained staff, select additional accessories to be installed by the dealer to further customize the motorcycle, and then place an order. Customers can expect to be riding their new bike in as little as four weeks from the time an order is placed with an authorized Harley-Davidson dealer.
All 2012 Sportster models will have Michelin® Scorcher™ tires with a tread pattern designed, tested and styled specifically for the Sportster motorcycle to provide ideal grip, even wear and longer life. Fifteen Sportster paint options include seven new color choices for 2012. Side covers will be finished in either gloss black or denim black to match the finish on other bodywork. The Forty-Eight model will have a new tank graphic.
2012 Harley-Davidson Sportster models
SuperLow™
Iron 883™
Sportster® 1200 Custom
Nightster®
Forty-Eight™
XR1200X™
2012 Touring: The Legend Rolls On
For 2012, all eight Harley-Davidson Touring models are powered by a Twin Cam 103 engine with Automatic Compression Release and integrated oil cooler. Producing 102 ft. lbs. of peak torque at 3500 rpm, the Twin Cam 103 provides outstanding performance around town and on the open road. All Touring models also feature the 6-Speed Cruise Drive transmission, 41.3 mm telescopic front forks, air-adjustable rear shocks and an Isolated Drive System for smooth power delivery. The Harley-Davidson Touring chassis has a single-spar, rigid backbone frame and two-piece swingarm designed to deliver responsive maneuverability and long-haul durability. Chassis geometry and suspension are calibrated to deliver confident handling and comfort.
All Touring models except the Ultra Limited will offer a new “tubeless” Chrome Lace Aluminum Wheel option for ease of tire replacement and repair. Six new colors or color combinations are among the 12 paint options offered within the 2012 Touring model line.
2012 Harley-Davidson Touring models
Road King®
Road King® Classic
Electra Glide® Classic
Ultra Classic® Electra Glide®
Electra Glide® Ultra Limited
Street Glide®
Road Glide® Custom
Road Glide® Ultra
2012 Trike: Three Wheelin’
The 2012 Tri Glide Ultra Classic brings original-equipment design, quality and service to the three-wheel motorcycle segment, based on chassis structure and geometry engineered specifically to handle the loads generated by the steering forces and weight of a three-wheel vehicle. With a deluxe Tour-Pak™ carrier and integrated trunk, a four-speaker/ 80-watt Harman/Kardon® Advanced Audio System, electronic cruise control and electric reverse drive, the Tri Glide Ultra Classic inspires confidence, passion and independence in any riding situation. The Tri Glide Ultra will be available in three color combinations: Vivid Black, Big Blue Pearl / Vivid Black or Ember Red Sunglo / Merlot Sunglo.
Harley-Davidson Motor Company produces heavyweight custom, cruiser and touring motorcycles and offers a complete line of Harley-Davidson motorcycle parts, accessories, riding gear and apparel, and general merchandise. For more information, visit Harley-Davidson’s website at www.harley-davidson.com.
Harley Davidson Water Cooled Heads Patent
Jun 29, 2011 | Source
Harley Davidson plans to water cool the heads on their touring models by hiding the cooling system within the leg shield portions of the fairing.
The cooling system, consists of 2 radiators, fans and hoses hidden within the fairing. A water pump is centrally located at the bottom front center of the frame. The water passages within the heads are rather basic, a simple loop that carries the coolant more or less along the exhaust passages and wraps back around the valves before returning to the radiator.
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Collection X: Weird, Wild Wonders of the Harley-Davidson Museum
Jun 28, 2011 | Source
The company has a vast archive of weird memorabilia and is putting some of it on display for a new exhibit in its Milwaukee museum. If you’re looking for a summer road trip destination, Harley has it covered.
The new exhibit, called “Collection X: Weird, Wild Wonders of the Harley-Davidson Museum,” include rare prototype bikes and a rocket engine for drone missiles in the Vietnam War.
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Harley-Davidson to Feature Liquid-Cooled Engines in the future?
Jun 21, 2011 | Source
In order to compete with the cheaper Japanese bikes and to revamp their image as a youthful bike, Harley Davidson might just start using the liquid cooling engines for their bikes instead of the currently used air cooled one’s, reports ICB.
Not compromising on its looks, Harley Davidson will design the liquid cool engine in such a way that it has the minimal number of changes and hoses. In the images here you can see some of the blueprints of the new liquid cooled Harley Davidson engine.
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Dare to Compare a Harley-Davidson
Jun 03, 2011 | Source
Milwaukee (June 1, 2011) - Demos are a popular and exciting way for riders to experience the power and performance of Harley-Davidson® motorcycles, and the new Harley-Davidson Dare to Compare Experience at the Americade Motorcycle Rally lets riders take an entire day’s ride on a new 2011 Harley® motorcycle.
To experience the exhilarating difference of twisting the throttle on a new Harley-Davidson motorcycle, H-D is offering more than 200 events nationwide.