Harley-Davidson closing Kansas City plant as motorcycle sales fall
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Title : Harley-Davidson closing Kansas City plant as motorcycle sales fall
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Title : Harley-Davidson closing Kansas City plant as motorcycle sales fall
link : Harley-Davidson closing Kansas City plant as motorcycle sales fall
news-today.world | MILWAUKEE — Harley-Davidson's sales fell sharply in 2017 and the company will move ahead with a plan to consolidate manufacturing operations, including the closure of its Kansas City, Mo. plant.
The world's largest maker of heavyweight motorcycles has struggled to reverse a four-year sales slide, with growth overseas somewhat helping offset a decline in the U.S. bike market.
The Milwaukee-based company said its net income fell 82% in its fiscal fourth quarter to $8.3 million, compared with a year earlier. Earnings per share were 5 cents, down from 27 cents a year earlier. Revenue was $1.23 billion, up from $1.11 billion.
The earnings drop came in part because of a charge associated with President Trump's tax cut and a $29.4 million charge for a voluntary product recall.
Harley-Davidson worldwide retail motorcycle sales fell 6.7% in 2017 compared to 2016. The company's U.S. sales fell 8.5% and international sales were down 3.9%.
Harley has taken steps to counter what's been a prolonged downturn, including tightening motorcycle inventories.
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The world's largest maker of heavyweight motorcycles has struggled to reverse a four-year sales slide, with growth overseas somewhat helping offset a decline in the U.S. bike market.
The Milwaukee-based company said its net income fell 82% in its fiscal fourth quarter to $8.3 million, compared with a year earlier. Earnings per share were 5 cents, down from 27 cents a year earlier. Revenue was $1.23 billion, up from $1.11 billion.
The earnings drop came in part because of a charge associated with President Trump's tax cut and a $29.4 million charge for a voluntary product recall.
Harley-Davidson worldwide retail motorcycle sales fell 6.7% in 2017 compared to 2016. The company's U.S. sales fell 8.5% and international sales were down 3.9%.
Harley has taken steps to counter what's been a prolonged downturn, including tightening motorcycle inventories.
More
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You are now reading the article Harley-Davidson closing Kansas City plant as motorcycle sales fall With link address https://newstoday-ok.blogspot.com/2018/01/harley-davidson-closing-kansas-city.html