Harley-Davidson electric motorcycle coming in 2018
Feb 01, 2018, 00:54
Harley-Davidson, Inc. primarily manufactures and sells cruiser and touring motorcycles.
Revenue rose 12 percent to $1.05 billion, mainly on pricing as retail sales of motorcycles fell 9.6 percent worldwide.
We doubt that the electric Harley will feature a speaker to reproduce the iconic V-twin engine sound, but the big question is the autonomy and lifetime of the batteries.
Harley-Davidson's latest quarterly and full-year results underlined the short-term challenges it faces as it tries to build the next generation of Hog riders.
More information regarding the closing can be found here.
Almost four years after Milwaukee-based Harley-Davidson Inc. first unveiled its Project Livewire prototype, the company says it is on track to launch an electric motorcycle within the next 18 months. The first electric motorcycle to come out of this new strategy will hit the market "within 18 months". The Kansas City plant has been assembling Harley-Davidson motorcycles since 1997, and our employees will leave a great legacy of quality, pride and manufacturing leadership. In the same period of a year ago, Harley-Davidson said it had EPS of $0.27 and $933.02 million in revenue.
The Milwaukee-based company said its net income fell 82% in its fiscal fourth quarter to $8.3 million, compared with a year earlier. Past year about 32,000 new Harley-Davidson were bought in the U.S.
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"For years, the North American heavyweight motorcycle industry grew at double-digit rates due to low interest rates, a strong economy, a rising stock market and. the baby boomers".
An electric motorcycle will, of course, not make burbling or popping noises.
As per reports, the yet to be named bike would carry a 50-mile range and would be able to go from 0 to 60 miles per hour in 4 seconds. This figure was impacted by a one-time write down of net deferred tax assets due to the recent changes in the US tax laws. The company also maintains production facilities in Australia, Brazil, India and Thailand.
A representative from Harley-Davidson has now confirmed in that the LiveWire concept, first revealed in 2014, will now form the basis of a production model.
Harley said it expects to ship 231,000 to 236,000 motorcycles this year after shipping 241,498 vehicles in 2017, the lowest number since 2011.
"We actually feel more strongly about our objectives", Levatich said when asked if the company's performance had caused executives to question their plans.
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