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Harley-Davidson shuts down production; Supply Issues
Posted on 5/19/22 at 4:47 pm
Posted on 5/19/22 at 4:47 pm
Production halted for two weeks:
HD two week production suspension
quote:
May 19 (Reuters) - Harley-Davidson Inc (HOG.N) said on Thursday it will stop assembling and shipping motorcycles for two weeks except for its electric models due to a problem with parts from a supplier.
The iconic motorbike maker said a third-party supplier that it did not identify has a regulatory compliance matter with a component. Harley-Davidson had no additional comment.
So far, production at two manufacturing plants in Wisconsin and Pennsylvania have been halted.
"There's no indication of how this impacts the business or how it impacts the units that have already been made," said Jaime Katz, senior equity analyst at Morningstar.
In a recent 10-k filing, the company disclosed that semiconductor shortages were affecting production lines and that it was seeking alternatives. It also noted that its suppliers could potentially be adversely impacted by changes in legal or regulatory requirements.
The company began outsourcing production of motorcycles for the EU in 2018 in response to retaliatory tariffs imposed by the EU on U.S. steel and aluminum products. Over the past two years, the company expanded business dealings with foreign suppliers to mitigate rising domestic raw material costs.
Shares sank 9.3% to $32.44 in afternoon trading.
Milwaukee-based Harley reported a drop in first-quarter profit in April, as margins were squeezed by higher costs and chip shortages.
Supply chain snarls have dented motorcycle sales in North America as production challenges resulted in lower dealer inventories, the company has previously said.
HD two week production suspension
Posted on 5/19/22 at 4:48 pm to DesScorp
quote:
two weeks:
I heard that two years ago!
This post was edited on 5/19/22 at 4:49 pm
Posted on 5/19/22 at 4:48 pm to tigerinthebueche
Guess they shouldn't be buying parts from China.
Posted on 5/19/22 at 4:52 pm to DesScorp
Supply issues hitting lots of industries right now. Stock up and get ready to hunker down. It’s gonna be a wild summer. I’ll see you baws after the food riots.
Posted on 5/19/22 at 4:52 pm to DesScorp
Is this 2 weeks to “flatten the curve”. Or legit 2 weeks?
Posted on 5/19/22 at 4:53 pm to DesScorp
No parts for gas burners apparently. Is that a demand issue or a supply issue? The easiest way to destroy the ICE is to quit making them.
Posted on 5/19/22 at 4:55 pm to DesScorp
One of my buddies hauls new corvettes. They close every other month or so, due to supply issues. A month or so back it was glove box related I couldn't actually believe that was a reason to shutdown the line.
Posted on 5/19/22 at 4:57 pm to OysterPoBoy
quote:
Supply issues hitting lots of industries right now.
Don't wreck a car right now. Body shop parts departments are struggling to find parts.
Posted on 5/19/22 at 4:57 pm to DesScorp
More like Hardly Able, Son.
Posted on 5/19/22 at 5:01 pm to Shexter
quote:
Don't wreck a car right now. Body shop parts departments are struggling to find parts.
220 days to fix my wife-s car from a relatively minor wreck. Luckily, I was using preferred vendor for repairs so my insurance, USAA, covered a rental for all 220 days! $12, 500 in rentals and $8500 in repairs.
Posted on 5/19/22 at 5:04 pm to DesScorp
Guarantee you we never see a supply issue for the plastic used to make EBT cards across the country. Somehow this shite never seems to affect a particular voting base quite as much.
Posted on 5/19/22 at 5:09 pm to OysterPoBoy
quote:
I’ll see you baws after the food riots.
Posted on 5/19/22 at 5:30 pm to RTRinTampa
And people wonder why I say the state minimum in car insurance is stupid!!
Posted on 5/19/22 at 5:36 pm to TDsngumbo
Jesus loved poor people, why's can't you?
Posted on 5/19/22 at 5:45 pm to DesScorp
Maybe Reagan will rise from the dead and kick the can down the road again with more tariffs.
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