Harley Halts Output of the Electric Bike It’s Bet On for Revival

(Bloomberg) — Harley-Davidson Inc. shares fell Monday after the company halted production of LiveWire, the debut electric bike it’s counting on to attract new riders.The motorcycle maker recently discovered an issue during final quality checks, according to an emailed statement that doesn’t provide details. Harley said it stopped production and deliveries as it conducts additional testing and analysis.Harley shares reversed gains and plunged as much as 2% before trading little changed as of 2 p.m. New York time. The stock has risen about 3% this year, trailing the 18% gain by the S&P 500.The Wall Street Journal reported earlier that …read more

Source:: Yahoo Finance

Discover Tomorrow’s Winning Stocks!
Get our latest stock reports before everyone else! Actionable news, and breakout stocks w multi-bagger upside potential — delivered directly to your inbox.
Your privacy is our priority. Your email address will never be sold or shared with anyone else.