Harleys as a status symbol appeal to an increasing number of Africans—a continent that historically relied on motorcycles for basic transportation.» Read More
Harley-Davidson, the U.S. motorcycle maker, said late on Friday that it had reached a tentative agreement with striking workers at its largest plant.
Harley-Davidson said first-quarter motorcycle shipments will not meet earlier forecasts because of a six-day-old strike at its biggest assembly plant, sending shares down as much as 2.5%.
Union workers began a strike against Harley-Davidson at midnight Friday, picketing at the company's largest manufacturing plant.
Workers at Harley-Davidson's largest assembly plant have rejected a proposed contract and authorized a strike that could begin early on Friday.
The Milwaukee-based manufacturer of heavyweight motorcycles reported earnings of 84 cents a share in the fourth quarter of 2005.
It's been a rough week for shares of Harley Davidson - the stock is down nearly 4%. But over the last 6 months the shares have been riding high on the hog, so to speak, up close to 40%. On "Squawk on the Street," CNBC’s Melissa Lee attempted to determine if Harley Davidson was at a crossroads.
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