Harley-Davidson Warns Sales May Fall Sharply
- Trump praised Harley’s Made-in-America credentials in February
- Amid U.S. slump, the company is building a plant in Thailand
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Harley-Davidson Inc., the motorcycle maker President Donald Trump has praised for its U.S. manufacturing presence, is cutting workers as younger American consumers buy fewer bikes than baby boomers.
Chief Executive Officer Matt Levatich told analysts Tuesday the company planned to make hourly employment reductions, without giving details. Harley’s shares plunged the most in more than a year after the company forecast annual motorcycle shipments may decline as much as 8 percent.