In a presentation to investors, the company said its capital spending would range between US$200 million and US$250 million a year through 2022, including US$225 million to US$275 million to develop electric, middle and lightweight bikes.Garrett Nelson, senior equity analyst at CFRA, said the investments would reduce Harley’s cash flow and pressure earnings.Harley’s shares were last trading down 3.7 per cent at US$34.11 in afternoon trade.
To offset weak demand at home, it is trying to make deeper inroads into some of the fastest growing two-wheeler markets in Asia through lightweight motorcycles. The push is part of a strategy to get half of the company’s revenue from overseas by 2027.
It need to attract the younger generations. Can't stick with the pot belly middle aged customers for too long.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hasty deadlines and upset board: Behind 1MDB’s US$1b zero-return investment | Malay MailKUALA LUMPUR, Sept 26 — The 1Malaysia Development Board (1MDB) received nothing in return from a US$1 billion (RM3.4 billion) purported “investment”, in a deal done that saw funds transferred for a joint venture with alleged business partner PetroSaudi International Ltd (PSI), the High Court...
Source: malaymail - 🏆 1. / 86 Read more »
1MDB made no income from US$1 bil investment in Petro Saudi, says ex-CEOHe says the company made two payments amounting to US$1 billion to Low Taek Jho's Good Star Limited and to the 1MDB Petro Saudi joint venture account. FMTNews This, man should go to jail for being an accomplice to the crime. He is disgusting.
Source: fmtoday - 🏆 5. / 72 Read more »
Man Utd expects earnings fall after missing out on Champions League(Reuters) - English soccer club Manchester United on Tuesday forecast falls in 2019-20 revenue and core profit after missing out on a berth in the lucrative UEFA Champions League following a string of inconsistent performances.
Source: staronline - 🏆 4. / 75 Read more »
Man United call for patience as on-field woes darken earnings outlook | Malay MailLONDON, Sept 24 — Manchester United forecast annual revenue would fall for the first time in five years after its failure to qualify for this season’s Uefa Champions League but backed manager Ole Gunnar Solskjaer to rebuild the English football club. Executive Vice Chairman Ed Woodward called...
Source: malaymail - 🏆 1. / 86 Read more »