Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

NewsBreak: Harley-Davidson Halting Production of Electric Bike - WSJ

Published 10/14/2019, 01:31 PM
Updated 10/14/2019, 01:35 PM
© Reuters.

Investing.com – Harley-Davidson (NYSE:HOG) fell on Monday as it halted production and delivery of its first electric motorcycle after discovering a power problem, the Wall Street Journal reported.

  • The company told some of its dealers last week that it was stopping production of its first electric motorcycle, dubbed LiveWire, in order to carry out tests on the vehicle’s charging mechanism, the WSJ reported. Harley also said that it didn’t know when it would resume deliveries of the motorcycle.

  • Following a decline in sales for its traditional bikes, the company had pinned its hopes on reviving sales by rolling out its first electric motorcycle. Harley has seen its performance weighed down by a decline in motorcycle shipments.

  • Harley's stock was down 1% and is up just 1.5% for the year so far.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.