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Hero MotoCorp raises new Harley-Davidson prices in India
  + stars: | 2023-08-02 | by ( ) www.reuters.com   time to read: +2 min
A Harley Davidson X440 bike is displayed in this handout image obtained by Reuters on July 18, 2023. Hero MotorCorp/Handout via REUTERS/File PhotoBENGALURU, Aug 2 (Reuters) - Two-wheeler maker Hero MotoCorp (HROM.NS) on Wednesday raised prices of the new Indian Harley-Davidson motorcycle by 10,500 rupees ($127.45) days after the Harley chief executive said pre-orders of the new model exceeded the company's expectations. The Harley-Davidson X440 will be priced at 239,500 rupees ($2,905.06) and above, with the hike applicable for all its variants, Hero said in a statement. Triumph had crossed more than 14,000 in bookings last month, while Hero or Harley did not disclose their booking numbers. Hero shares were down as much as 2.6% in morning trade on Wednesday, while the U.S.-listed Harley-Davidson (HOG.N) shares closed 0.2% lower on Tuesday.
Persons: Harley Davidson, Hero MotorCorp, MotoCorp, Davidson, Harley, Hero, We've, Jochen Zeitz, Kashish Tandon, Dhanya Ann Thoppil Organizations: Reuters, REUTERS, Harley, Hero, British, Triumph, Bajaj Auto, Thomson Locations: Handout, BENGALURU, India, U.S, Bengaluru
June 12 (Reuters) - Harley-Davidson (HOG.N) said on Monday the motorcycle maker will be running limited motorcycle manufacturing operations at its York facility after being notified of an issue with parts from a third-party supplier. "We have a strong inventory position in the network to help us navigate through this situation," Harley-Davidson CEO Jochen Zeitz said. Production at the facility, its largest with nearly 1,000 union employees, was to resume on June 13. This is a new supplier quality issue, separate from a similar incidence that caused the production suspension in May 2022, Harley said. Harley now anticipates resuming full motorcycle manufacturing operations at its York facility on June 26, 2023.
Persons: Davidson, Harley, Jochen Zeitz, Kannaki, Krishna Chandra Organizations: Harley, Proterial Cable America, Bain Capital, Thomson Locations: York, Bengaluru
It's worth hopping on Harley-Davidson due to the company's focus on the core business and better-off consumer, according to Morgan Stanley. His price target of $50 implies the stock could gain 33.2% from where it closed Monday. HOG YTD mountain Harley-Davidson Jonas also said he's increased his optimism given Chairman and CEO Jochen Zeitz's focus on generating cash flow from the core motorcycle business, while simultaneously managing risks related to spun-off electric motorcycle maker LiveWire . Jonas said Zeitz's business has a "back to basics" approach that's proving useful amid lingering supply chain challenges and a changing consumer spending outlook. He said the 2022 spinoff of LiveWire allows Harley-Davidson to focus on perfecting its bread-and-butter business and catering to the core base rather than trying to expand reach.
Harley-Davidson EV spinoff Livewire starts trading via SPAC
  + stars: | 2022-09-27 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHarley-Davidson EV spinoff Livewire starts trading via SPACJochen Zeitz, Harley-Davidson chairman and CEO, joins 'Squawk on the Street' to discuss Harley-Davidson's EV spinoff Livewire, what Zeitz expects from Livewire's sales demand, and insights into Livewire's supply chain.
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