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04-28-2020, 03:31 PM
Filed under: Earnings/Financials (https://www.autoblog.com/category/earnings-financials/),Plants/Manufacturing (https://www.autoblog.com/category/plants-manufacturing/),Bikes (https://www.autoblog.com/category/bikes/)
https://o.aolcdn.com/images/dims3/GLOB/legacy_thumbnail/800x450/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-images/2020-04/74eacf40-8961-11ea-8f7c-860143281df3 The cash preservation plan lifted Harley shares, which have lost nearly half of its value so far this year, up 9% in premarket trading. Earlier this month, the motorcycle maker pulled its 2020 profit forecast and decided to temporarily lay off most of its global production employees as well as cut salaries of its leadership team in a bid to lower costs. On Tuesday, Harley said it would cut cost to match the lower demand and focus more on sales efforts in the United States, its biggest market.Continue reading Harley-Davidson cuts dividend as coronavirus hits already-struggling sales (https://www.autoblog.com/2020/04/28/harley-davidson-cuts-dividend-halts-buybacks-as-coronavirus-hits-sales/)
Harley-Davidson cuts dividend as coronavirus hits already-struggling sales (https://www.autoblog.com/2020/04/28/harley-davidson-cuts-dividend-halts-buybacks-as-coronavirus-hits-sales/) originally appeared on Autoblog (https://www.autoblog.com) on Tue, 28 Apr 2020 11:04:00 EDT. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2020/04/28/harley-davidson-cuts-dividend-halts-buybacks-as-coronavirus-hits-sales/) | Email this (https://www.autoblog.com/forward/2228127/) | Comments (https://www.autoblog.com/2020/04/28/harley-davidson-cuts-dividend-halts-buybacks-as-coronavirus-hits-sales/#comments)
More... (https://www.autoblog.com/2020/04/28/harley-davidson-cuts-dividend-halts-buybacks-as-coronavirus-hits-sales/)
https://o.aolcdn.com/images/dims3/GLOB/legacy_thumbnail/800x450/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-images/2020-04/74eacf40-8961-11ea-8f7c-860143281df3 The cash preservation plan lifted Harley shares, which have lost nearly half of its value so far this year, up 9% in premarket trading. Earlier this month, the motorcycle maker pulled its 2020 profit forecast and decided to temporarily lay off most of its global production employees as well as cut salaries of its leadership team in a bid to lower costs. On Tuesday, Harley said it would cut cost to match the lower demand and focus more on sales efforts in the United States, its biggest market.Continue reading Harley-Davidson cuts dividend as coronavirus hits already-struggling sales (https://www.autoblog.com/2020/04/28/harley-davidson-cuts-dividend-halts-buybacks-as-coronavirus-hits-sales/)
Harley-Davidson cuts dividend as coronavirus hits already-struggling sales (https://www.autoblog.com/2020/04/28/harley-davidson-cuts-dividend-halts-buybacks-as-coronavirus-hits-sales/) originally appeared on Autoblog (https://www.autoblog.com) on Tue, 28 Apr 2020 11:04:00 EDT. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2020/04/28/harley-davidson-cuts-dividend-halts-buybacks-as-coronavirus-hits-sales/) | Email this (https://www.autoblog.com/forward/2228127/) | Comments (https://www.autoblog.com/2020/04/28/harley-davidson-cuts-dividend-halts-buybacks-as-coronavirus-hits-sales/#comments)
More... (https://www.autoblog.com/2020/04/28/harley-davidson-cuts-dividend-halts-buybacks-as-coronavirus-hits-sales/)