What the H happened?
Did HD pull the financing plug?
Harley-Davidson's Profit Plunges
The FINANCIAL -- Harley-Davidson, Inc. (NYSE:HOG) announced decreased revenue, net income and earnings per share for the third quarter of 2009 compared to the year-ago period, while reporting a moderation in the decline of retail new Harley-Davidson motorcycle sales compared to the second quarter.
"Worldwide retail sales of new Harley-Davidson? motorcycles declined 21.3 percent in the third quarter compared to last year?s third quarter, an improvement from the 30.1 percent decline in this year?s second quarter. An 84.1 percent decline in net income and an 84.5 percent decline in diluted earnings per share from the year-ago quarter reflected lower motorcycle shipments and the effects of the economy on retail and wholesale loan performance at Harley-Davidson Financial Services," Harley-Davidson informs.
Harley-Davidson also unveiled major elements of its go-forward business strategy to drive growth through a single-minded focus of efforts and resources on the unique strengths of the Harley-Davidson brand, and to enhance productivity and profitability through continuous improvement. As approved yesterday by Harley-Davidson?s Board of Directors, the Company will discontinue its Buell product line and divest its MV Agusta unit as part of this strategy.
I don't think MV is sticking around under the HD logo.We started continuous improvement six sigma about 18 months ago. It's the only way a semi large corporation is going to survive. It cuts down on waste and organizes everything so well.
More companies need to do this.
I bet Eric works with MV to help grow it. I bet he was PISSED when he heard the news that MV was sticking around and Buell was going away... Man... I feel for him. He's a really good guy and Buell was just starting to become good IMO.
Chris
Yeah I cant see them putting the HD logo on the MV but who knows.I don't think MV is sticking around under the HD logo.
Jesus. My wife would kill me.
Does anyone get the sick feeling that the dealer could STILL be making money or at least breaking even after dropping the price that much? True or not, it does make me wonder....
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