And the pain won't end this year: The company projected global sales will drop as much as 4.9 percent more in 2018 after a 6.7 percent decline last year. This announcement came after the fourth-quarter earning report of Harley-Davidson, which witnessed the downfall in Harley's sales.
It earned $47.2 million, or 27 cents per share, a year earlier.
During Tuesday's earnings call, the company also announced the development of an electric motorcycle called Project LiveWire.
Harley-Davidson retail motorcycle sales in the United States were down 11.1 percent, and the overall industry was down 6.5 percent compared to the year-ago quarter.
In the US, 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%. There were 32,000 new Harley-Davidson buyers in the USA previous year.
Harley has taken steps to counter what's been a prolonged downturn, including tightening motorcycle inventories.
"The EV motorcycle market is in its infancy today, but we believe premium Harley-Davidson electric motorcycles will help drive excitement and participation in the sport globally", said Levatich.
As it adjusts to lower demand, Harley said it will consolidate work at its motorcycle assembly plant in Kansas City, Missouri, into the one in York, Pennsylvania, eliminating about 800 jobs at the Kansas City plant but adding 450 at the York facility.
This optimization initiative will lead to a reduction in operating income of $170 to $200 million through 2019 after which the company expects to see an ongoing cash savings of $65 to $75 million. And CEO Matt Levatich told the Wall Street Journal, way back in 2015, that the e-bike would release no later than 2020 - not to mention confirming it again in this interview with The Street last February. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in shares of Harley-Davidson during the 4th quarter valued at about $424,000. The stock fell almost 13 percent in 2017. "However in recent years, and going forward, we expect a much slower growth pattern for the USA motorcycle industry", said analyst Robin Diedrich with Edward Jones Co. Aging baby boomers who once fueled rising sales are another factor. Having ridden the prototype bike, called Project Livewire, Hoyer said he expects Harley-Davidson will deliver a quality product.
Approximately 300 women are diagnosed with invasive cervical cancer each year in Ireland and over 90 women die from the disease. According to Duska, most people who have been sexually active have been exposed to this virus at some point in their lives.
The charity has been working in Afghanistan for more than 40 years, providing support to over 700,000 children. The security forces are clearing the building now. "Attackers entered the compound and the fight is going on".
The program now protects about 700,000 people, mostly Hispanic young adults, from deportation and provides them work permits. USA taxpayers will get stuck with the bill for a wall that neither party's leadership believes is necessary or feasible.
The Siri waveform appears on the top to indicate when Siri is engaged, and integrated touch controls also allow easy navigation. Apple customers in France and Germany will be next in line for HomePod , sometime "this spring", according to the company.
No word on when the wedding will take place: Ed's got a world stadium tour planned for this year. "I would like some kids". She even led her hockey team to back-to-back British University championships in 2012 and 2013. "It's really odd .
A killer whale that can mimic words such as "hello" and " bye bye" is thought to be the first of its kind to copy human speech. A high-pitched and eerie voice uttering the name " Amy " is quite clear in the audio released by the study's researchers.
Comedian Chelsea Handler mocked Trump's comment on Twitter , writing, "President Trump has declared he is NOT a feminist ". Mr Trump claimed Mrs May invited him to the United Kingdom twice this year during their meeting at the Swiss ski resort.
Amla added 18 runs with Quinton de Kock (8) who was soon caught behind off Bumrah as South Africa were reduced to 125 for six. Finally, in the seventh over of the morning, Bhuvneshwar got his reward as Elgar edged behind off another out-swinger.
The 22-year old, ranked No 60 in the world, matched McIlroy's closing 69 to maintain his overnight lead and claim the title. The four-time major victor sits on 19 under par after Round 3 Saturday, just one shot behind China's Li Haotong .
The Blues boss, whose side crashed out of the Carabao Cup at Arsenal this week, insists he does not fear the bullet himself. In this case it's more hard for the coach, because the players love to play and not have training sessions".
Iranian women remove their veils in defiant viral protest
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UFC Legend Ronda Rousey Joins WWE Full
Given the star-power that this match would feature, it would surely be one of the main events should it come to fruition. I'm on the road with all the other girls, all the men and women who are on the road 270 days a year.
Mobile phone services suspended in Valley
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Joe McKnight killer found guilty by jury
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USA stocks open higher after earnings reports
US stock index futures rose ahead of Wall Street's open Thursday as Caterpillar reported better-than-expected quarterly results. In the energy market, oil prices settled higher, with crude also posting a weekly gain as the weaker dollar underpinned prices.
Muted demand drags down crude palm oil futures by 0.13%
The U.S. dollar rose against a basket of currencies.DXY after President Donald Trump said he wanted a "strong dollar". It is thought to have supported the recent oil price rally and helped to clear a global supply overhang.
Dog almost died after owner dyed it purple
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Ranger Rover SV Coupe teaser previews super-luxe SUV
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Two dead, seven injured in Prague hotel fire
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