motorcycles

This martial artist is a master of bike-kwondo.

An activist investor who shook up Harley-Davidson earlier this year said he is impressed with the changes initiated by new Chief Executive Jochen Zeitz to turn around the 117-year-old motorcycle company. Impala Asset Management, the $2.4 billion hedge fund, pushed for the ouster of Zeitz’s predecessor Matt Levatich in January. Months later, it tried to …

Harley-Davidson on Tuesday reported an unexpected quarterly loss due to disruptions caused by the coronavirus pandemic, sending its shares sliding more than 9 percent in morning trade. It also unveiled a restructuring strategy that aims to shift focus back to more profitable motorcycles and core markets such as the US. Harley has been struggling for …

Harley-Davidson will cut 140 jobs in the US following its decision to adjust production volumes, a company representative told Reuters. The layoffs will affect 90 production workers at Harley’s York facility in Pennsylvania and 50 at its Tomahawk facility in Wisconsin. More On: harley-davidson Harley-Davidson cuts 500 jobs in latest round of layoffs Harley-Davidson to …

Dashboard Confessional frontman Chris Carrabba is recovering after getting into a serious motorcycle accident. “My injuries were severe but not life threatening. I owe the amazing doctors, nurses and medical team treating me my endless gratitude,” Carrabba, 45, wrote in a note posted to social media. “I am determined to make a full recovery, but …

Harley-Davidson is reopening its factories this week at lower production rates and sending dealers a narrower range of motorcycles, the Wall Street Journal reported on Wednesday. The US motorcycle maker, which closed its US plants in March due to the coronavirus outbreak, may not ship any additional new motorcycles this year to about 70 percent …

Motorcycle maker Harley-Davidson on Thursday named Jochen Zeitz as chief executive officer. Zeitz has served as acting president and CEO of the company since February 2020. Word of the appointment cheered Wall Street, sending shares up 8.2 percent early afternoon, at $21.17. It was a much-welcomed piece of good news. In April, Harley-Davidson laid off …

Harley-Davidson reported a drop of about 45 percent in quarterly profit on Tuesday as motorcycle sales took a hit from global lockdowns due to the coronavirus pandemic. Harley’s net income fell to $69.7 million, or 45 cents per share, in the first quarter ended March 29 from $127.9 million, or 80 cents per share, a …

Harley-Davidson said on Wednesday it had temporarily laid off most of its global production employees and implemented salary cuts in a bid to lower costs as the coronavirus pandemic has hurt its business. The announcement comes weeks after the motorcycle maker withdrew its earnings forecast for this year, saying pandemic-induced disruptions could dent its ability …