Autos
Motorcycles
*Q3 retail sales down 6.9 pct vs estimated 3.2 pct fall. Oct 17- Harley-Davidson Inc reported weaker-than-expected quarterly retail sales as low prices for used motorcycles in the United States dampened demand for new ones. Year-to-date sales of used Harley motorbikes have risen through August, but retail prices increased as well after falling for 12...
Oct 17- Harley-Davidson Inc reported lower-than-expected quarterly retail sales as demand for its motorcycles stayed tepid, and said operating margin slid 8 points as manufacturing costs rose and it shipped more lower-margin bikes. Harley shares fell 2 percent to $45.63 in premarket trading. Retail sales in the United States, the company's biggest market,...
What we are seeing here is the aging riders of Harley, says Robin Farley, UBS leisure and lodging analyst, sharing her thoughts on Harley-Davidson after the third consecutive year of retail sales decline.
The company's net income fell to $68.2 million, or 40 cents per share in the third quarter, from $114.1 million, or 64 cents per share, a year earlier. Revenue from motorcycles and related products fell to $962.1 billion from $1.09 billion. Analysts on average had expected earnings of 39 cents per share and revenue of $953.3 million, according to Thomson Reuters...
Oct 17- U.S. motorcycle maker Harley-Davidson Inc reported a 40.2 percent drop in quarterly profit as demand continued to weaken among its aging baby-boomer customers and fewer millennials take to motorcycling. The company said net income fell to $68.2 million, or 40 cents per share, in the third quarter ended Sept. 24, from $114.1 million, or 64 cents per share, a...
A maxed-out luxury pickup truck can cost nearly $100,000.
In celebration of its 115-year anniversary, Harley Davidson is releasing eight new motorcycles to inspire a new generation.
Harley-Davidson CEO Matt Levatich shows off the new motorcycle models and who the company is targeting.
*Eicher believed to be only Asian firm left in auction- paper. BANGALORE/ BERLIN, Sept 7- India's Eicher Motors is set to offer $1.8 billion- $2 billion for Italian motorcycle manufacturer Ducati, the Economic Times newspaper reported on Thursday, although German owner Volkswagen has put the sale process on hold, sources have said. Mumbai- based Eicher, which makes...
*Shares of the maker of Royal Enfield motorbikes hit record high. BANGALORE/ BERLIN, Sept 7- India's Eicher Motors is set to make a $1.8 billion- $2 billion bid for Italian motorcycle manufacturer Ducati, the Economic Times daily reported on Thursday, although the sale of the brand by German owner Volkswagen remains in limbo. Mumbai- based Eicher, which makes Royal...
*Shares of the maker of Royal Enfield motorbikes hit record high. Sept 7- India's Eicher Motors is set to make a $1.8 billion- $2 billion bid for Italian motorcycle manufacturer Ducati, the Economic Times daily reported on Thursday, sending the shares in the maker of Royal Enfield motorbikes to a record high. Eicher shares were up 3.4 percent at around 0900 GMT after...
Aug 30- Harley-Davidson enthusiast Jo Verrette, 65, finally sold her 2006 model Harley Deluxe this year for $6,500, a third of what she bought it for, after listing it on Craigslist on and off for two years. I have a projection of total motorcycle ridership for the country declining for at least the next five years, "Bernstein analyst David Beckel said.
Polaris CEO Scott Wine discusses the company's quarterly earnings and the focus on the motorcyle side of the business.
LONDON/ FRANKFURT/ MILAN, July 20- Italy's Benetton family is vying with motorbike firms and buyout funds for control of Italian motorcycle brand Ducati, which is being sold by Germany's Volkswagen, sources involved in the process told Reuters. Volkswagen, whose Audi division controls Ducati, has received several tentative bids with the Benetton family's...
WASHINGTON, July 20- The Justice Department said on Thursday it had dropped a requirement that Harley-Davidson Inc should spend $3 million to reduce air pollution as part of a settlement that the Obama administration had announced in August. Last year, the Milwaukee- based motorcycle maker agreed to pay a $12 million civil fine and stop selling illegal...
WASHINGTON, July 20- The Justice Department on Thursday announced it has dropped a requirement that Harley-Davidson Inc spend $3 million to reduce air pollution as part of a settlement the Obama administration announced in August. Last year, the Milwaukee- based motorcycle maker agreed to pay a $12 million civil fine and stop selling illegal after-market...
WASHINGTON, July 18- The U.S. Justice Department is expected to announce this week it is dropping a requirement that Harley-Davidson Inc spend $3 million to reduce air pollution as part of a settlement the Obama administration announced in August, sources briefed on the matter said. It also agreed to spend about $3 million and enter into an agreement with the...
NEW YORK, July 18- A Netflix rally boosted the Nasdaq Composite to a record high on Tuesday while Goldman Sachs Group Inc dragged the Dow lower as earnings take center stage on Wall Street. The movie streaming company rose 13.5 percent to $183.60 a day after it crushed Wall Street forecasts by reporting 5.2 million new streaming customers in the second quarter.
NEW YORK, July 18- Major stock indexes were mixed on Tuesday, as Netflix's rally kept the Nasdaq Composite in the black while Goldman Sachs weighed on the Dow, with earnings taking investors' focus. Stocks' reaction to the collapse in the U.S. Senate of a key healthcare bill was muted. Netflix rose 14.1 percent to $184.43 a day after it crushed Wall Street forecasts by...
*BofA, Goldman Sachs slip after quarterly results. July 18- The Dow was dragged lower in early afternoon trading on Tuesday by a drop in Goldman Sachs, but losses on the S&P 500 and the Nasdaq were limited by a jump in Netflix's shares. The S&P healthcare sector also came under scrutiny, after the healthcare bill to replace Obamacare sank in the Senate, as Republicans...
