Around the Net

Harley-Davidson Quarterly Profit Hurt By Strong Dollar

  • Reuters, Wednesday, April 22, 2015 9:30 AM

A strong dollar let Harley-Davidson's competitors undercut the Milwaukee manufacturer's prices in the first quarter, hurting sales and prompting it to lower 2015 shipment forecasts. The company does most of its business in the U.S., so the news sent stocks sliding 9%. The company's U.S. market share had slipped close to 5 percentage points to 51.3% in the quarter, as competitors like Honda and Suzuki offered discounts of up to $3,000 per bike. 

Read the whole story at Reuters »

Next story loading loading..