BERLIN— Daimler says it is taking a 25- percent stake in Italian motorcycle maker MV Augusta for an undisclosed amount. Daimler AG said Friday that its Mercedes-AMG subsidiary will acquire the stake as part of a long-term cooperation agreement that also will see the companies work together on marketing and sales. Mercedes-AMG chief executive Tobias Moers...» Read More
CNBC's Jim Cramer is HOG-wild over Harley-Davidson's earnings beat. Also Cramer weighs in on Warren Buffet's holdings in Coca-Cola & IBM, and Verizon and Texas Instruments' quarterly numbers.
Oct 21- Harley-Davidson Inc reported stronger-than-expected quarterly financial results on Tuesday, lifted by increased motorcycle sales in key markets, including the United States. Harley said third-quarter profit fell to $150.1 million, or 69 cents a share, from $162.7 million, or 73 cents a share, a year ago. Worldwide, the company's network of independent...
MILWAUKEE— Harley-Davidson's third-quarter profit fell nearly 8 percent on a planned reduction of motorcycle shipments for the quarter. The Milwaukee company said Tuesday that its net income was $150.1 million, or 69 cents per share, from July through September. Harley-Davidson Inc. said it shipped 50,670 motorcycles worldwide, a planned decrease of 6.2...
Oct 21- Harley-Davidson Inc reported better-than-expected quarterly financial results on Tuesday, lifted by strong sales of its products in key markets, including the United States. The Milwaukee- based company, the world's leading manufacturer of large cruising and touring motorcycles, posted a third-quarter profit of $150.1 million, or 69 cents a share,...
*22 euro- a-share Fosun bid 1 euro higher than Bonomi's. PARIS, Sept 12- Chinese conglomerate Fosun launched a last-minute counter offer for holiday group Club Mediterranee on Friday, outbidding Italian tycoon Andrea Bonomi hours before the deadline on a takeover saga that dates back to May last year.
The Quebec- based company said strong demand for products such as the Sea-Doo Spark watercraft, Can-Am Spyder motorcycles and side-by-side off-roaders drove up seasonal product sales by 85 percent to C $259.8 million in the quarter ended July 31.
Aug 1- Harley-Davidson Inc is recalling more than 3,000 motorcycles to fix an ignition switch issue that can cause the bikes to stall and crash, the U.S. National Highway Transportation Safety Administration said on Friday. This is the second big recall Harley-Davidson has been forced to make this summer, typically the company's peak selling season.
July 22- U.S. motorcycle maker Harley Davidson Inc came late to the offshoring game. For Harley-Davidson, they turned a happy debut into a near-debacle, as its second-quarter earnings released on Tuesday showed.
July 22- Harley-Davidson Inc cut its full-year forecast for motorcycle shipments on Tuesday, citing weaker-than-expected U.S. retail sales and a delay in getting its newest bike into dealer showrooms.
July 22- Harley-Davidson Inc reported a higher-than-expected quarterly profit on Tuesday but cut its full-year forecast for motorcycle shipments, citing weaker-than-expected U.S. retail sales and a delay in getting its newest bike into dealer showrooms.
July 16- The second quarter is typically peak selling season for Harley-Davidson Inc as warmer weather in North America, the motorcycle maker's No. 1 market, lures riders back into dealer showrooms.
Harley is recalling 66,421 Touring and CVO Touring motorcycles from the 2014 model year. The USA Today reports.
MILAN/ PARIS, July 4- Late on May 23, Italian financier Andrea Bonomi phoned executives at his country's two largest banks seeking more than 200 million euros in loans to help him bid for French holiday resort company Club Mediterranee.
June 24- Howie Barokas had just ridden his Harley-Davidson Ultra Limited on Highway 50 across the searing Nevada desert when he heard about the company's new electric motorcycle. Then again, Harley-Davidson Inc was looking beyond loyal baby boomers like 49- year-old Barokas when it unveiled its first electric prototype bike last Thursday.
CNBC's Morgan Brennan reports the electric motorcycle is currently not for sale but will embark on a 30-city tour where customers will be invited to test ride it and provide feedback, says Matt Levatich, Harley-Davidson president & COO.
Harley-Davidson will unveil its first electric motorcycle as the iconic company aims to carve a niche in technology for electric vehicles.
Automakers including Toyota Motor Corp and Honda Motor Co sold a total of 363,370 vehicles, data from the Japan Automobile Dealers Association and Japan Light Motor Vehicle and Motorcycle Association showed.
DETROIT, May 12- General Motors Co has reassigned an executive who dealt with U.S. safety regulators probing defective ignition switches linked to at least 13 deaths, as part of a restructuring meant to improve vehicle safety, the automaker said on Monday.
It wasn't that long ago that the first $1 million car was news. Now, a two-wheel vehicle is about to hit seven figures.
A Harley-Davidson sold at auction on Thursday for almost 20 times its estimated value—because its previous owner was the pope.