Filed under:
Earnings/Financials,
Plants/Manufacturing,
Bikes
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
Harley-Davidson cuts dividend as coronavirus hits already-struggling sales originally appeared on
Autoblog on Tue, 28 Apr 2020 11:04:00 EDT. Please see our
terms for use of feeds.
Permalink |
Email this |
Comments
More...
Harley-Davidson cuts dividend as coronavirus hits already-struggling sales
