Harley-Davidson ready to suspend vehicle assembly

Due to a components issue with a supplier, Harley-Davidson Inc announced on Thursday that all vehicle assembly and shipments will be halted for two weeks, barring those from its electric vehicle company LiveWire.

Harley-Davidson said it made the decision after a third-party supplier advised them of a regulatory compliance issue with one of its component parts.

Harley-stock Davidson’s plunged 9% to $32.51 in premarket trading after the company did not react to media requests for further information on the suspension.

Harley-Davidson, located in Milwaukee, announced a dip in first-quarter profit in April, citing rising prices and chip shortages as reasons.

Motorcycle sales in North America were hampered by supply chain issues, which led in decreased dealer stocks, according to the business.

Latest articles

Crown prince’s wedding: Festivities sweeps Jordan

Jordan is getting ready for Crown Prince Hussein's wedding on Thursday. The normally peaceful desert nation has already prepared with fireworks, concerts, and a...

Climate change: Wildfire worsens in Canada’s Nova Scotia

Officials in the province of Nova Scotia claim that despite the use of "water, raw muscle power, and air power" by fire workers, catastrophic...

Danny Masterson: US actor found ‘guilty’ in two rape cases

US actor Danny Masterson was found guilty of two out of three charges of rape by a jury in Los Angeles. The TV series That...

Floods displaced over 400,000 people in Somalia: UNICEF

"I came here in September of last year to inform you of the terrible effects of Somalia's drought on children and families. Somalia was...

Related articles