Chewy Posted October 15, 2009 Share Posted October 15, 2009 (edited) R.I.P. Buell Motorcycles http://www.buell.com/en_us/ 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. 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 feel for Eric and all his employees. He's a really good guy and Buell was just starting to become good IMO. Chris Edited October 15, 2009 by Chewy Link to comment Share on other sites More sharing options...
b_pappy Posted October 15, 2009 Share Posted October 15, 2009 It was definitely a niche brand, but sad to see it go. Hopefully it helps their bottom line, and my stock value. Bruce Link to comment Share on other sites More sharing options...
jjwvette Posted October 15, 2009 Share Posted October 15, 2009 Yep pretty sad here in East Troy.... Link to comment Share on other sites More sharing options...
Chewy Posted October 16, 2009 Author Share Posted October 16, 2009 Yep pretty sad here in East Troy.... Oh I bet... Link to comment Share on other sites More sharing options...
Superdutytd Posted October 19, 2009 Share Posted October 19, 2009 Really too bad, Buell were good bikes IMO. Link to comment Share on other sites More sharing options...
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