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- Harley-Davidson Inc HOG said it has suspended all vehicle assembly and shipments, excluding its electric motorbike, LiveWire, for a two-week period.
- The motorbike maker has taken the decision in caution of a regulatory compliance matter relating to a supplier's component part.
- Related: Harley-Davidson Clocks 5% Revenue Growth In Q1; Margin Shrinks Due To Supply Chain Constraints
- So far, production at two manufacturing plants in Wisconsin and Pennsylvania have been halted, Reuters reported.
- "There's no indication of how this impacts the business or how it impacts the units that have already been made," the report quoted Jaime Katz, senior equity analyst at Morningstar.
- Price Action: HOG shares closed lower by 9.29% at $32.43 on Thursday.
- Photo Via Wikimedia Commons
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