Mahindra and Mahindra, along with others to invest USD 105 mn in Classic Legends The bestselling ‘Scorpio’ car manufacturer will invest USD 105 million along with existing shareholders and new investors, Mahindra said in an exchange filing.This will be over the course of next two to three years. Mahindra owns 60% of Classic Legends, which […]
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with inputs by PTI and https://economictimes.indiatimes.com Iconic motorcycle manufacturer Royal Enfield is investing for development of differentiated electric motorcycles in India, said CEO B Govindarajan. Interestingly, the company is also creating a supplier ecosystem around its Chennai-based plant, funded by a capital expenditure of INR 10 billion in the current fiscal year. Royal Enfield has
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Parent Company of Royal Enfield, Eicher Motors Ltd, Announces Strategic Investment In Stark Future SL The Board of Eicher Motors Ltd. (EML) has approved an equity investment of 50 million euros, and plans for collaboration with the electric motorcycle manufacturer. Milwaukee, WI (Friday, December 29, 2022) – Eicher Motors Ltd., leading Indian multinational automobile company, and
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Thursday afternoon, U.S. Secretary of Transportation Pete Buttigieg announced a new national road safety campaign. The plan, known as the “National Roadway Safety Strategy,” comes in response to increased year over year fatalities on our nation’s roadways. In 2020, an estimated 38,680 people died as a result of a motor vehicle crash. Of those, approximately
National Roadway Safety Strategy Announced Read More »
Bikers gathered in Dallas, Texas for the 29th annual Mid-South M.I.L.E. event from Motorcycle Riders Foundation (MRF) Like the Midwest’s Heartland STEAM event, the Mid-South M.I.L.E. brings together bikers from neighboring states to discuss legislative priorities, share ideas and build relationships. CLICK HERE To Read this Event Coverage on Bikernet.com Join the Cantina for more
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You can read the Company Announcement at their Official Website by Clicking Here. Second Quarter 2021 Highlights and Results, and Recent Announcements Delivered Q2 GAAP diluted EPS of $1.33, up $1.93 over Q2 2020 Q2 H-D, Inc. total revenue up 77 percent over Q2 2020 North America Q2 retail sales up 43% over Q2 2020
Harley-Davidson Reports Global Bike Sales Up 24 Percent In 2021 Q2 Read More »
by Rich Kirchen from https://www.bizjournals.com With Harley-Davidson Inc. chairman, president and CEO Jochen Zeitz repeating that the company’s electric LiveWire is “an extraordinary product,” details are emerging on a new model that will be called the LiveWire One. Motorcycle.com reported the name of the first LiveWire-branded electric motorcycle since Milwaukee-based Harley-Davidson announced establishing LiveWire as
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Harley-Davidson, Inc. today announces the appointment of Ryan Morrissey as Chief Electric Vehicle Officer (CEVO). Effective April 1, Morrissey will join Harley-Davidson with over two decades of experience in disruptive technologies and the development of new business ventures. As a consultant at Bain & Company, he served most recently as a Senior Partner and head
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from https://www.rttnews.com Harley-Davidson, Inc. (HOG) on Tuesday unveiled ‘The Hardwire’, its 2021-2025 strategic plan that targets long-term profitable growth and shareholder value, and also aims to enhance its position in the strongest motorcycle segments. The motorcycle maker targets increased profitability and low double-digit earnings per share growth through 2025. It also projects single-digit revenue growth
Harley-Davidson Unveils 2021-2025 Strategic Plan; Targets Increased Profitability Read More »
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
Harley’s activist investor backs business reboot strategy Read More »
by Rajesh Kumar Singh from https://www.reuters.com CHICAGO (Reuters) – Harley-Davidson Inc (HOG.N) on Thursday said it will lay off 500 employees this year as part of new Chief Executive Jochen Zeitz’s efforts to revive the struggling motorcycle maker. As part of the overhaul, Chief Financial Officer John Olin will leave the company effective immediately. Darrell
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by Rahul Kapoor from https://www.financialexpress.com With Matt Levatich stepping down, Harley Davidson had appointed Jochen Zeitz to lead the brand in the interim. But Zeitz has now been appointed as the president and CEO for the Milwaukee based motorcycle manufacturer. Harley-Davidson, the iconic American motorcycle brand has elevated interim President and CEO Jochen Zeitz as
Harley-Davidson appoints Jochen Zeitz as President & CEO: New plan to redefine brand Read More »
by Margaret Naczek from https://www.bizjournals.com Amid the instability of the COVID-19 pandemic, Harley-Davidson Inc.’s acting president and CEO Jochen Zeitz reflected back on the advancements made in the More Roads to Harley-Davidson strategy in 2019. 2020 already was a pivotal year in the company’s strategic plan to grow more riders and expand dealership reach, but
Harley-Davidson delays its first $30,000 electric motorcycle after unexpected findings during final quality checks The company delayed the motorcycle after ‘non-standard conditions’ were discvoered during final quality checks Dealers had begun selling pre-orders of the bike in January Harley-Davidson had forecast shipping 1,600 bikes Harley-Davidson has delayed production on its first electric motorcycle, called LiveWire.
Harley Davidson: The Road Only Goes Downhill Read More »
