You certainly wouldn't know it from cruising local highways this weekend, but Harley-Davidson Inc.'s profits have been going up in smoke.
The company -- the preeminent American motorcycle manufacturer -- reported a 15.3 percent drop in profit in the latest quarter. And the company warned next year looks like rough riding, too.
Rising oil prices and a crumbling housing market are squeezing U.S. consumers, so they're being cautious about spending, Harley's chief executive, Jim Ziemer, said in an interview with the Associated Press.
read more
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment