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Harley-Davidson Recalls 57,000 Hogs

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Harley-Davidson Recalls 57,000 Hogs

More bad news for Harley-Davidson Inc (NYSE: HOG).

The venerable brand, coming off a 22.8-percent drop in earnings in the first quarter, is recalling 57,000 of its iconic marques because of a glitchy oil line that can come loose and spray oil in the path of the rear tire.

The voluntary recall covers its most popular iterations on the same basic three motorcycles: 2017 Electra Glide Ultra Classic, Police Electra Glide, Police Road King, Road King, Road King Special, Street Glide, Street Glide Special, Road Glide and Road Glide Special motorcycles built from July 2, 2016, through May 9, 2017, according to the Milwaukee Business Journal.

Harley sales have been flagging because its brand base is getting old, and new entries into the marketplace are finding that Harleys generally are higher priced, less-powered and much heavier than other motorcycles, though the brand’s value remains a draw.

Related Links:

Harley To Build Motorcycles In Thailand

Harley Q1 Sales Plunge

Posted-In: News Travel Legal Tech General Best of Benzinga

 

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