Thread: Barley Davidson

Think I'll pass on any Hardly Ableson, Thai made or not.

AmeriKKKa is falling apart thanks to MAGA. So much winning.

^Hows tent city doing close to 5,000 units or another failure to deliver?

Is this because of Trump?

Originally Posted by YourDaddy

Is this because of Trump?

Fucking of course. His dumb fucking trade war.

Originally Posted by bsnub

Fucking of course. His dumb fucking trade war.

The Thai operation has nothing to do with Trump, it was announced in May 2017, so was probably in the planning stages well before Trump was elected.

Thailand puts a 60% import tax on motorbikes over 400cc [ except for Japan] any big bike maker trying to get into the ASEAN market needs to be here in order to compete.

Originally Posted by jamescollister

The Thai operation has nothing to do with Trump, it was announced in May 2017, so was probably in the planning stages well before Trump was elected.

Thailand puts a 60% import tax on motorbikes over 400cc [ except for Japan] any big bike maker trying to get into the ASEAN market needs to be here in order to compete.

It would really be a pleasure to read more (topic pertinent) reply posts like that ^, on a more frequent basis. Thank you, sir.

Originally Posted by jamescollister

so was probably in the planning stages well before Trump was elected.

Umm no it wasn't not at all. They specifically stated it was due to the tariffs.

Originally Posted by VocalNeal

HD made this decision in 2017 or earlier.

Prove it with facts other than your opinion because Harley clearly stated otherwise. If you are going to call them liars back up your comments with some proof or stfu.

https://www.cnbc.com/2017/05/25/harl...an-market.html

Originally Posted by jamescollister

https://www.cnbc.com/2017/05/25/harl...an-market.html

Thanks again

Originally Posted by Luigi

Think I'll pass on any Hardly Ableson, Thai made or not.

Occasionally, Louis the Spaghetti ^ Boy, actually posts some thing that I totally agree with

Originally Posted by jamescollister

https://www.cnbc.com/2017/05/25/harl...an-market.html

That proves nothing. They are moving additional capacity out of the country to to the EU sanctions. Pulling up an old article that HD was opening a plant on LOS is nothing new is it.

So I am still waiting.

https://www.dallasnews.com/business/...ope-outside-us

https://www.wsj.com/articles/harley-...oad-1530122440

https://www.wsj.com/articles/harley-...ffs-1529927301

Originally Posted by bsnub

They are moving additional capacity out of the country to to the EU sanctions

You may well be right.

Is the Milwaukee plant a full component manufacturing facility or a spanner and socket assembler of imported components from Asia/ China, anyway?

On the other hand, if you have a copy of the forward business plan, dated prior to Katie's 2017 statement to share with us, it would clarify when, any decision to change production/design/manufacture of the bikes to another place, whether Katie lied in 2017 and whether the are lying now in 2018.

It should all be in the monthly management meeting minutes, surely? Of course they could be "commercially confidential" and hence require a Judges order for their release.

Was it Katie who made the statements to the press this week or has she left the company, to "spend more time with her family" and spend her bonuses?

The three links you gave are behind walls.

A Patrick Leary, Reporter Jun 25, 2018, 9:18am CDT at:

https://www.bizjournals.com/milwauke...urope.amp.html

published:

"The company confirmed the news in an 8-K filing with the Securities and Exchange Commission filed Monday."

No named company officer, just an anonymous filing, how quaint there is no person responsible, nobody to shoot with an AkAk gun at dawn.

The fact that they are opening a factory in Thailand is not surprising considering the country must have the highest number of bike clubs anywhere in the world. The good, the bad and the tragic but they are all potential customers.

Originally Posted by bsnub

They specifically stated it was due to the tariffs.

Company "management" never lie on their 8K filings?

Originally Posted by bsnub

They are moving additional capacity out of the country to to the EU sanctions

You may well be right.

On the other hand, if you have a copy of the forward business plan, dated prior to Katie's 2017 statement to share with us, it would clarify when, any decision to change production/design/manufacture of the bikes to another place, whether Katie lied in 2017 and whether they are lying now in 2018.

It should all be in the monthly management meeting minutes, surely? Of course they could be "commercially confidential" and hence require a Judges order for their release.

Was it Katie who made the statements to the press this week or has she left the company, to "spend more time with her family" and spend her bonuses?

The three links you gave are behind walls.

A Patrick Leary, Reporter Jun 25, 2018, 9:18am CDT at:

https://www.bizjournals.com/milwauke...urope.amp.html

published:

"The company confirmed the news in an 8-K filing with the Securities and Exchange Commission filed Monday."

No named company officer, just an anonymous filing, how quaint, in ameristan there is no person responsible, nobody to shoot with an AkAk gun at dawn.

Originally Posted by OhOh

The three links you gave are behind walls.

I guess you are not an investor....

Harley-Davidson to Shift Production Overseas to Offset EU Tariffs


Harley-Davidson Inc. plans to shift more production overseas to avoid European Union tariffs on its iconic motorcycles, the latest manufacturer to reconfigure operations amid a widening global trade fight.

Harley prizes its made-in-the-USA reputation as central to its appeal to customers all over the world. But the Milwaukee company has opened factories in Brazil, India and Australia to tap international markets and hold down prices as sales falter in the U.S.

That manufacturing footprint outside the U.S. is set to expand. Harley said in a securities filing Monday the 31% tariff the EU enacted last week on its motorcycles would raise the cost of each Hog it ships there from the U.S. by about $2,200. Rather than raise prices, Harley said it would shift production of the motorcycles it sells in the EU outside the U.S. over the next 18 months.

“Expanding international production to alleviate the EU tariff burden is not our preference, but it’s the only sustainable option we have to make motorcycles available and affordable to EU customers,” Harley spokesman Michael Pflughoeft said.

Harley’s shares fell 6% on Monday to $41.57.

President Donald Trump criticized the company’s move. “Surprised that Harley-Davidson, of all companies, would be the first to wave the White Flag,” he wrote in a tweet. “I fought hard for them and ultimately they will not pay tariffs selling into the E.U., which has hurt us badly on trade.” He added: “Taxes just a Harley excuse - be patient!”

The tariffs by the EU, Harley’s second-biggest market after the U.S., are a response to tariffs the Trump administration imposed this spring on steel and aluminum from producers in Europe and elsewhere.

EU officials retaliated by placing tariffs on many U.S. products including those with strong American branding, such as Harleys, Levi’s jeans and Kentucky bourbon. A spokesman for the European Commission, the EU’s executive arm, declined to comment Monday on Harley’s plans.

The White House on Monday defended its trade policy in the wake of Harley’s announcement. “The European Union is attempting to punish U.S. workers with unfair and discriminatory trade policies,” White House press secretary Sarah Sanders said. “President Trump will continue to push for free, fair and reciprocal trade in the hopes that the EU will join us in that.”

The tariffs are a tough blow for Harley, which has struggled to lift sales. Chief Executive Matthew Levatich has made a priority of boosting overseas sales as ridership in the U.S. stalls and the company’s die-hard fans age.
Harley on Monday urged U.S. and EU officials to reach an agreement to rescind their tariffs.

Harley’s international sales rose for the first time in over a year in the company’s first quarter, by 0.2% annually. Harley wants to boost its international business to half of its annual sales volume over the next decade, from about 40% currently.
U.S. sales fell by 12% in the quarter, continuing a downward trend in recent years. Harley has aimed to boost its U.S. customer base by promoting motorcycle-riding classes and trying to recruit more women and minority riders.

Mr. Levatich has said that it can’t price its motorcycles competitively without opening plants abroad to avoid tariffs and take advantage of lower manufacturing costs in some markets.

Harley was already planning to shrink its U.S. manufacturing base. Earlier this year the company said it would close a factory in Kansas City and consolidate production at plants in Milwaukee and York, Pa. The first layoffs at the Kansas City plant are scheduled for August.
Joe Capra, a district representative for the International Association of Machinists union in Kansas City, said Harley’s response to the EU tariffs and the company’s plan for a plant in Thailand confirmed it aims to siphon production from the U.S.

Mr. Pflughoeft, the Harley spokesman, said the company remained committed to making motorcycles in the U.S.—and to expanding its reach abroad. “To do that, we must provide riders greater access to our brand and our products,” he said. “And we have to do that at a competitive retail price.”
Other companies are also navigating hurdles that the tariffs have thrown up for their international supply chains and sales. Luxury German car manufacturer Daimler AG DMLRY -1.45% warned that tariffs China placed on vehicles it makes in the U.S. would hurt revenue and profit from its Alabama factory that makes SUVs.

Cummins Inc., which imports components from its factories in China for further assembly at its U.S. plants, is weighing whether to raise prices to reflect the 25% tariff the U.S. is implementing on those products July 6.
Harley-Davidson said it expects costs related to the tariffs to reach up to $45 million for the rest of 2018 and about $90 million to $100 million annually thereafter.

“This will make their manufacturing less efficient,” said Sharon Zackfia, an analyst for William Blair & Co. “It’s just another headache for Harley.”

George Gatto, a longtime Harley dealer in the Pittsburgh area, had mixed feelings about the plans to shift production abroad. “I am a big proponent of made in U.S.A. and good-paying union jobs,” he said. “People with these jobs are many times the same people who buy and ride Harley-Davidson motorcycles.”
But, he said, faced with steep tariffs in Europe, Harley needs to do whatever it takes to stay competitive.



https://www.wsj.com/articles/harley-...ffs-1529927301

^
There are other sources of "International Financial News"

Thanks for the full article.

Originally Posted by bsnub

plans to shift more production overseas to avoid European Union tariffs on its iconic motorcycles,

An acceration of existing plans.

Originally Posted by bsnub

Harley’s international sales rose for the first time in over a year in the company’s first quarter, by 0.2% annually.

Oversea sales trend up.

Originally Posted by bsnub

U.S. sales fell by 12% in the quarter, continuing a downward trend in recent years.

Domestic sales cratering faster.

Originally Posted by bsnub

take advantage of lower manufacturing costs in some markets

To increase profits for shareholders or local workers?

Originally Posted by bsnub

Harley was already planning to shrink its U.S. manufacturing base. Earlier this year the company said it would close a factory in Kansas City and consolidate production at plants in Milwaukee and York, Pa. The first layoffs at the Kansas City plant are scheduled for August.

Already announced closures/job losses.

The article suggests this move was already planned and executed in some markets. It may well now be continued and accelerated.

Reverse MAGA, except potentially the HD shareholders, the workers although praised as the salt of the earth, can no longer be subsidised by growing overseas sales.

Is this a trend set in stone or can it be reversed?

Originally Posted by bsnub

Umm no it wasn't not at all. They specifically stated it was due to the tariffs.



Prove it with facts other than your opinion because Harley clearly stated otherwise. If you are going to call them liars back up your comments with some proof or stfu.

You clearly don't understand the concept of time.
Threads about Harley's being made in Thailand, a decision make before Trump took office, so unless you think he's a time traveling lizard, nothing to do with Trump.

All the other shit you have posted has nothing to do with H/D setting up here, want to start on Trumps protectionism feel free.

Harley's in Thailand is about business and markets, not politics.

Originally Posted by jamescollister

so unless you think he's a time traveling lizard, nothing to do with Trump.

What in that article do you not understand? The CEO of Harley has decided to move additional capacity out of the country to skirt tarriffs caused by Drumpfs trade war period end of story, and it has everything to do with Drumpf you would have to be a complete imbecile to think anything otherwise. Either that or you are completely out of touch with reality. It has been plastered all over the news in the US for days now.

But feel free to live in your own fantasy world. Most Drumpf supporters do.

Originally Posted by bsnub

What in that article do you not understand? The CEO of Harley has decided to move additional capacity out of the country to skirt tarriffs caused by Drumpfs trade war period end of story, and it has everything to do with Drumpf you would have to be a complete imbecile to think anything otherwise. Either that or you are completely out of touch with reality. It has been plastered all over the news in the US for days now. But feel free to live in your own fantasy world. Most Drumpf supporters do.

Talk about people who live in fantasy worlds, here's an fyi for you ^ to consider.

If you were a black-skinned subscriber, with your exact same posting mannerisms,

then all those Maise, White, Orange, and Multiple-Green colors on your reputation "marquee"

would rapidly vanish,....to become the well-known colours of the former Soviet Union. You might want to think about that.

Originally Posted by David48atTD

Saying that, if someone doesn't agree with your opinion

What I posted was not an opinion it is a fact. The company itself announced it was moving addition production out of the US due to Trumps tariffs. Period. That is a fact.

Originally Posted by David48atTD

Fair enough ... but the OP is referring to Harley Davidson opening a Thailand plant.

Maybe you need a new eyeglass prescription.....

Originally Posted by david44

tariff war to boost Thai version, THE mOOSEMOBILE