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TVS overtakes Yamaha’s Market Capitalisation

TVS overtakes Yamaha’s Market capitalisation to become third-largest two-wheeler maker in the world. The market capitalisation (Mcap) of Chennai-based (India) TVS Motor has surged 37% to $9.2 billion over the past six months, as per Bloomberg’s data. In contrast, Yamaha Motor saw an Mcap erosion of $1.6 billion from its August highs. Only seventeen months […]

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Harley’s electric motorcycle division to go public via $1.7 billion SPAC deal

from https://www.cnbc.com/ Key Points : Harley-Davidson’s electric-motorcycle division will go public through a merger with a blank-check firm in a deal valued at $1.77 billion, the company said on Monday. The company launched LiveWire earlier this year, hoping to claw back lost market share as its core baby boomer customer base grows older and interest

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Harley’s activist investor backs business reboot strategy

by Rajesh Kumar Singh from https://www.reuters.com CHICAGO (Reuters) – An activist investor who shook up Harley-Davidson Inc (HOG.N) earlier this year said he is impressed with the changes initiated by new Chief Executive Jochen Zeitz to turn around the 117-year-old motorcycle company. Impala Asset Management, the $2.4 billion hedge fund, pushed for the ouster of

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Harley-Davidson Inc (HOG) SVP & CFO John A Olin Bought $256,770 of Shares

from https://www.gurufocus.com SVP & CFO of Harley-davidson Inc (30-Year Financial, Insider Trades) John A Olin (insider trades) bought 13,500 shares of HOG on 05/13/2020 at an average price of $19.02 a share. The total cost of this purchase was $256,770. Harley-Davidson Inc produces and sells heavyweight motorcycles, as well as offers motorcycle parts, accessories, and

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Harley-Davidson shifts strategy, to focus on core markets

from https://www.livemint.com The company’s shares climbed after the motorcycle maker’s new acting chief executive officer laid out plans to cut costs The stock had plunged 49% this year through Monday’s close Harley-Davidson Inc. shares climbed after the struggling motorcycle maker’s new acting chief executive officer laid out plans to cut costs and complexity and focus

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Harley-Davidson cuts dividend, halts buybacks to preserve cash

by Ankit Ajmera from https://www.reuters.com (Reuters) – Harley-Davidson Inc (HOG.N) slashed its dividend and halted share buybacks on Tuesday to boost its cash reserves as global lockdowns due to the coronavirus pandemic hit motorcycle demand in the first quarter. The company has $1.47 billion in cash and is in talks with big U.S. banks to

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Indian motorcycle sales surge 37% following rollout of Challenger

by Carrigan Miller and Mark Reilly from https://www.bizjournals.com Polaris Inc. stock is up sharply Tuesday morning after the maker of ATVs, snowmobiles and motorcycles reported better-than-expected profits for the fourth quarter, driven in part by the rollout of a new Indian motorcycle. The Medina, Minnesota-based manufacturer posted income of $98.9 million for the quarter, or

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Harley-Davidson’s stock tanks as motorcycle sales continue to slide

by Paul R. La Monica from https://edition.cnn.com/ New York (CNN Business)Harley-Davidson has a big problem. Americans aren’t riding its trademark hogs nearly as much as they used to do. Shares of Harley-Davidson (HOG) fell 3% in early trading Tuesday after the company reported sales and earnings that missed Wall Street’s forecasts. The stock is now

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Trump warms to Harley Davidson, says EU tariffs ‘unfair’

WASHINGTON: US President Donald Trump on Tuesday appeared to reverse course on Harley Davidson Inc, saying European tariffs facing the motorcycle manufacturer were “unfair” and vowing to reciprocate, after urging a boycott of the company last year amid a steel spat. The Wisconsin-based company last year announced plans to move production of its motorcycles destined

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