enjoyed two decades of record sales and earnings growth leading up to 2007, has not been enjoying nearly as much as sales have plummeted in the last two years.Harley-Davidson, which
Worldwide sales for the first quarter of 2010, which were announced two weeks ago, dropped by 18.2 percent from the same period last year (which was not a great quarter). Although earnings were down 16.7 percent, Harley-Davidson was still profitable. H-D reported first-quarter 2010 income from continuing operations of $68.7 million, or $0.29 per share.
As usual, the workers are expected to take the hit with wage and benefit concessions. It's beginning to look like Mercury Marine all over again.
The following is a list a headlines gleaned from Newsplurk over the past several days surrounding Harley-Davidson's quest to non-politicize its lower earnings.
Harley Won't Politicize Financial Problems
"Wisconsin officials mobilize to retain Harley-Davidson"
USA Today 4/30/2010
"Harley-Davidson may leave Wis. if costs don't fall"
The Associated Press 4/29/2010
"State talking with Harley Davidson"
Wisconsin Radio Network 4/30/2010
"Harley Davidson may be leaving Wisconsin"
WEAU-TV 13 ( 4/30/2010
"Cost cutting measures at Harley Davidson call for union concessions, some say"
"Harley-Davidson To Leave WI? Doyle Says No"
"WisPolitics: Doyle says combined reporting not to blame for Harley's woes"
"Lawmakers Hop on to Save Harley-Davidson"
"Harley Davidson may move operations out of Wisconsin"
CBS 5 - Green Bay 4/30/2010
"No out-sourcing for Harley"
Milwaukee News Buzz 4/30/2010
Bill Moyers Final Broadcast: Plutocracy and Democracy Don't Mix