Welcome to our dedicated page for Harley Davidson news (Ticker: HOG), a resource for investors and traders seeking the latest updates and insights on Harley Davidson stock.
Harley-Davidson, Inc. (NYSE: HOG) generates a steady flow of news that reflects its role in motorcycle manufacturing, branded lifestyle products, and financial services. As the parent company of Harley-Davidson Motor Company and Harley-Davidson Financial Services, the company issues updates on motorcycles, apparel collaborations, financing activities, leadership changes and strategic transactions.
On this page, readers can follow HOG news related to new motorcycle model-year introductions, such as announcements of Grand American Touring, Sport, Adventure Touring, Cruiser and Trike models and associated trim packages. Harley-Davidson also publishes news about limited-edition apparel collaborations and branded gear that extend its motorcycle culture into clothing and accessories.
From a financial perspective, Harley-Davidson and Harley-Davidson Financial Services release information on quarterly results, dividends, share repurchase plans, tender offers for medium-term notes, and redemptions of outstanding debt. Recent communications describe a transaction in which Harley-Davidson Credit Corp. agreed to sell motorcycle receivables portfolios and enter forward flow arrangements with entities associated with KKR and PIMCO, along with a related minority equity investment in HDFS.
Corporate governance and leadership developments are another recurring theme in Harley-Davidson news. The company reports appointments of new executives, changes in board composition, and updates to its organizational structure intended to support dealer relations, marketing, technology, operations and brand strategy. It also announces webcasts and presentations where senior management discusses financial results, transactions and outlook considerations.
Investors, riders and other interested readers can use this news feed to review Harley-Davidson’s official press releases and related disclosures, covering topics from product launches and apparel partnerships to capital markets actions and boardroom changes.
The all-new Pan America™ 1250 adventure motorcycle from Harley-Davidson (NYSE:HOG) is designed for adventurous touring, allowing riders to explore diverse terrains. With features like Adaptive Ride Height technology and a Revolution Max 1250 engine, it ensures performance and accessibility. Actor Jason Momoa endorses the motorcycle, celebrating its capabilities. CEO Jochen Zeitz emphasizes its role in elevating the brand's adventure-focused ethos, aiming to attract a new demographic of riders.
Harley-Davidson announces the appointment of Edel O’Sullivan as Chief Commercial Officer (CCO), effective April 2, 2021. O’Sullivan, with 14 years of experience at Bain & Company and a background in retail and financial analysis, will replace retiring CCO Larry Hund, who served for 18 years. CEO Jochen Zeitz emphasizes her capability in developing successful commercial strategies. The announcement aligns with Harley-Davidson's strategic plan, The Hardwire, aimed at profitable growth and enhancing its market position as a leading motorcycle brand.
Harley-Davidson (HOG) released its 2020 financial results, reporting a challenging year impacted by COVID-19. The company achieved $250 million in cash savings and has overhauled its structure through 'The Rewire' initiative. Full-year diluted EPS was $0.01, with adjusted EPS at $0.77, while revenue declined 24% to $4.054 billion. Motorcycle shipments fell 32%, affecting revenue in the Motorcycles segment, which reported a $186 million operating loss. However, cash flow from operations improved to $1.2 billion, and dividends of $0.44 per share were paid during the year.
Harley-Davidson (NYSE:HOG) launched The Hardwire, a strategic plan for 2021-2025, aiming for profitable growth and enhanced shareholder value. Key targets include low double-digit EPS growth, mid single-digit revenue growth in Motorcycles, and a focus on core motorcycle segments like Touring and Cruiser. Plans also emphasize expanding into Adventure Touring and strengthening electric motorcycle capabilities. The initiative promotes an inclusive workplace with equity grants for employees. The company aims to reinforce its lifestyle brand through digital enhancements and an expanded customer experience.
Harley-Davidson (NYSE: HOG) unveils its 2021 motorcycle lineup, emphasizing performance, style, and advanced technology. Key models include the Street Bob® 114 and refreshed Fat Boy 114. The touring segment showcases enhanced Road King® Special, Street Glide® Special, and Road Glide® Special models, now featuring new paint options and updated technology like Android Auto™ and Apple CarPlay®. Additionally, the CVO models introduce advanced audio systems and the most powerful Milwaukee-Eight® 117 engine. Harley-Davidson aims to fuel the timeless pursuit of adventure into 2021.
Harley-Davidson (NYSE:HOG) announced the completion of The Rewire on January 12, 2021, a fundamental business overhaul that sets the stage for The Hardwire, a new 5-year strategic plan focused on sustainable growth. The upcoming webcast on February 2, 2021, will unveil 2020 results and future plans. Key changes from The Rewire include a simplified operating model, a focus on high-potential markets, and a commitment to profitability with expected gross cash savings of $115 million starting in 2021.
On January 19, 2021, Harley-Davidson (NYSE:HOG) will host its first-ever virtual launch event, introducing new motorcycles, parts, accessories, and apparel for 2021. This event marks a significant shift in the company's marketing strategy, aimed at streamlining its product lineup by 30% to better align with market demand. Jason Momoa will participate, sharing his passion for the upcoming Pan America™ 1250 adventure touring motorcycle. A full reveal of the Pan America is scheduled for February 22, 2021.
Harley-Davidson and Hero MotoCorp have entered a distribution agreement for the sale and service of Harley-Davidson motorcycles in India. Hero MotoCorp will utilize its dealership network and sell Harley-branded parts, accessories, and merchandise. Additionally, a licensing agreement allows Hero to develop premium motorcycles under the Harley name. This partnership aligns with Harley-Davidson's business overhaul strategy, known as The Rewire, aimed at enhancing operations in India.
Harley-Davidson (NYSE: HOG) is set to release its third quarter 2020 financial results on October 27, 2020, before market hours. An audio webcast will be held from 8-9 a.m. CDT, featuring insights from CEO Jochen Zeitz and CFO Gina Goetter. Attendees can access a supporting slide presentation 30 minutes prior. Participants are encouraged to log on 10 minutes early. A replay of the webcast will be available two hours after the conclusion. For more information, visit the Harley-Davidson Investor Relations page.
Harley-Davidson (NYSE:HOG) showcases its LiveWire® electric motorcycle in an extreme off-road adventure spanning 13,000 miles. This journey highlights the bike's performance and capabilities, documented in a new podcast series featuring the engineering team's modifications. The project involved rapid design and assembly of near-production models, emphasizing Harley-Davidson's commitment to innovation in electrification. In connection with the launch of 'Long Way Up' on Apple TV+, riders can experience the LiveWire with complimentary merchandise at authorized dealerships.