Harley-Davidson is making an electric motorcycle

Harley-Davison to consolidate Kansas City assembly plant to York County facility

Hopefully, HD has funneled some development dollars its way in the last four years and brought it in line with the excellent electric motorcycles that can be had today from companies like Zero and Lightning. Worldwide retail sales declined by almost 7% compared to the previous year - with an 8.5% decline in the US and a almost 4% decline in global markets. Harley has announced that it will be producing an all-electric motorcycle.

The Kansas City plant is home to Harley's vehicle and powertrain operations, assembling all Dyna, Sportster and VRSC motorcycles, and manufacturing powertrains for V-Rod bikes.

Harley-Davidson, Inc. (NYSE:HOG), stock is trading $63.40 above the 52-week high and has displayed a high EPS growth of 10.40% in last 5 years.

Harley opened a 350,000-square-foot plant near Kansas City International Airport in the late 1990s, at a time when its motorcycle sales were booming.

The company is on target to launch its first electric motorcycle within 18 months.

The plant is expected to close in the summer of 2019.

Harley-Davidson executives rode into the White House compound almost one year ago to meet with Donald Trump, who promised a bright future ahead for the motorcycle maker. It also states that Harley intends to be "the world leader in the electrification of motorcycles". The iconic American brand seems to embrace the future and 18 months from now we will see an electric machine.

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In the USA, motorcycle sales tumbled 8.5%; in Latin America, sales were down 2.6%; in Europe, the Middle East, and Africa, motorcycle sales fell 2.0%; and in Asia Pacific, sales plunged 7.7%.

The new electric Harley-Davidson could be based on the Project LiveWire showcased in 2014.

Harley-Davidson says it will consolidate its manufacturing operations by closing its Kansas City, Mo., plant and shifting operations to its plant in York, Pa.

Harley-Davidson's shares fell more than 8% to $50.59 on Tuesday, due to the disappointing forecast, according to Reuters.

The company said it will add up to 450 new positions at the York facility.

The question for Harley investors is whether the new timeline for a real LiveWire bike is believable, or just a way to change a story that's losing traction. That dropped 7.9% to 241,498 in 2017 and projected figures for 2018 are for a further decline to somewhere between 231,000 and 236,000. Legal General Gp Inc Public Limited Company holds 0% or 235,596 shares in its portfolio.

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