Harley-Davidson points to tariff impact
Motorcycle manufacturer's cautious outlook remains unchanged
Bengaluru — Harley-Davidson is sticking with a cautious outlook for 2019 that indicates its struggles with long-term competitive problems even as US President Donald Trump changes tune on the company, promising to stand up for it in global trade talks. Shares in the Milwaukee-based firm, buffeted by Trump’s rows with Europe and China over tariffs, surged as much as 4% after the president called the EU’s treatment of the company “unfair” and vowed to reciprocate. The company also posted profit for the first quarter that was more than 30c a share ahead of expectations, but reported continuing declines in sales that analysts said did not change an overall difficult picture for Harley. Harley’s shares — which have suffered from the company’s struggle in the past decade to attract younger fans as core customers, won as a result of its 1960s and 70s heyday, grow older — were flat by mid-morning. “We remain cautious in our outlook for the US motorcycle industry, and continue to rate ...
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