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Autos Motorcycles

  • Motorcycle maker Harley-Davidson said on Thursday it will build a plant in Thailand to serve the growing Southeast Asian market.

  • BANGKOK, May 25- Motorcycle maker Harley-Davidson Inc said on Thursday it will build a plant in Thailand, a major Asian automotive hub, to serve the growing Southeast Asian market, a move criticized by a U.S. labor union. The Thailand facility "will allow us to be more responsive and competitive in the ASEAN region and China," Harley-Davidson public relations...

  • *Ducati may be valued at up to 1.5 billion euros- source. FRANKFURT, April 26- Volkswagen is considering a possible sale of Italian motorcycle maker Ducati as Europe's largest carmaker seeks to streamline operations to fund a post-Dieselgate strategic overhaul, two people familiar with the matter said. One of the sources said Ducati has annual earnings before...

  • April 20- Motorcycle maker Harley-Davidson Inc said on Thursday it will lay off 118 workers at its York, Pennsylvania, plant and shift employment to Kansas City, Missouri. The company said it told employees in November 2015 of plans to shift production of Harley-Davidson Cruisers from the Pennsylvania plant to Kansas City starting in the 2018 model year.

  • The company's shipments in the United States- its biggest market- fell 20.6 percent to 45,784 motorcycles in the quarter ended March 26. Analysts on average had expected U.S. retail sales to rise 2.4 percent, according to Wells Fargo analyst Timothy Conder. Milwaukee- based Harley recognizes revenue when it ships motorcycles to dealers.

  • April 18- U.S. motorcycle maker Harley-Davidson Inc kept its 2017 outlook unchanged despite first-quarter shipments hitting the high end of the company's forecast. Milwaukee- based Harley's shares were down 4 percent at $57.00 in premarket trading on Tuesday. Demand for Harley's motorcycles continues to be slow as its loyal baby boomer demographic ages and...

  • The Milwaukee- based company's shares were down 5.5 percent at $56.15 in premarket trading on Tuesday. Harley's shipments have been hurt amid rising competition as rivals such as Japan's Honda Motor Co Ltd and Polaris Industries Inc, which makes Indian motorcycles, cut prices to lure buyers forcing the company to offer dealer rare rebates on its 2016...

  • April 18- Iconic motorcycle maker Harley-Davidson Inc reported a 25.6 percent fall in quarterly profit, hurt by a drop in shipments. The Milwaukee- based company's net income fell to $186.37 million, $1.05 per share, in the first quarter ended March 26, from $250.49 million, or $1.36 per share, a year earlier. Revenue from motorcycles and related products fell 15.7...

  • Demand for Harley's motorcycles in the United States has slowed as its loyal baby boomer demographic ages and rivals such as Indian-motorcycle maker Polaris Industries Inc and Japan's Honda Motor Co Ltd offer competitive discounts. The Milwaukee- based company commands slightly more than half of the U.S. Speaking on a post-earnings conference call in...

  • White House Chief of Staff Reince Priebus and Vice President Mike Pence look on as President Donald Trump speaks briefly to reporters after greeting Harley Davidson executives on the South Lawn of the White House, February 2, 2017 in Washington, DC.

    Harley chief executive Matt Levatich publicly supported the Trans-Pacific Partnership, a sweeping 12-nation free trade agreement that Trump scrapped.

  • Polaris now wants to attract new riders with "fun" electric motorcycles as it focuses on the storied Indian brand, which it bought in 2011, Steve Menneto, president of its motorcycles division, told Reuters. Polaris and larger rival Harley-Davidson Inc are increasingly targeting price-conscious millennials as demand skids for big bikes in the United States,...

  • Harley-Davidson execs roll to the White House on motorcycles

    Harley-Davidson executives meet with President Trump via motorcycles. CNBC's Eamon Javers reports.

  • Harley blues... HOG slips on falling sales

    CNBC's Landon Dowdy takes a look at whether Harley-Davidson's iconic role in American business is slipping as shares fall on fourth quarter full year results and the company's CEO heads to the White House to meet with President Donald Trump.

  • *Shares fall as much as 5.4 pct to $54.79. The motorcycle maker said dealers in the United States still had too many 2016 models at the end of the fourth quarter, which led Harley to limit shipments of its 2017 models, including higher-margin touring motorcycles with the new "Milwaukee-Eight" engine. "We are concerned about currency going forward and expect that to...

  • The Milwaukee- based company's shares fell about 5 percent to $55.00 in premarket trading on Tuesday. The lower shipment forecast suggests that dealer inventories are still too high, RBC Capital Markets analyst Joseph Spak wrote in a note. In October, Harley said it planned to slow production in the fourth quarter in an effort to work through high inventory...

  • The Milwaukee- based company's shares were down nearly 4 percent at $55.65 in premarket trading on Tuesday. Shipments have been hurt as foreign competitors such as Japan's Honda Motor Co Ltd and Indian motorcycle maker Polaris Industries Inc have cut prices to entice new buyers. Harley's rivals also include Kawasaki Heavy Industries Ltd, as well as Germany's...

  • The Milwaukee- based company's shares were down 2 percent at $56.81 in premarket trading on Tuesday. The motorcycle maker's net income rose to $47.18 million, or 27 cents per share, in the fourth quarter ended Dec. 31, from $42.2 million, or 22 cents per share, a year earlier. Revenue from motorcycles and related products fell to $933 million from $1.01 billion.

  • Jan 31- Harley-Davidson Inc said motorcycle shipments for 2016 fell short of its estimates and the company forecast shipments for this year to be flat to down modestly. The motorcycle maker's net income rose to $47.18 million, or 27 cents per share, in the fourth quarter ended Dec. 31, from $42.2 million, or 22 cents per share, a year earlier. Revenue from motorcycles...

  • Ducati will produce only 666 units of this bike

    The bike is a collaboration between Ducati and Diesel and will go on sale worldwide in April.

  • Polaris CEO: Indian Motorcycle is the better horse to ride

    Scott Wine, Polaris chairman and CEO, discusses his decision to end Victory Motorcycles, as well as the risk to global trade under the Trump administration.