Yesterday in India, Harley-Davidson was inaugurating its India Headquarters. It is widely believed that there is a huge potential to grow the luxury cruisers market in this country although most of the sales are now for sporty bikes. Harley has also launched its merchandise and clothing lines for the Indian consumer and because there is a cult following for the brand it is expected to be a fast and big success
British manufacturer Triumph is offering for the 1st time special a $750 discount on new motorcycles to active members of the U.S. Military. The “Thank a Hero” purchase program applies to all active duty members of the U.S. Military who currently serve in the Army, Marine Corps, Navy, Air Force, Coast Guard and National Guard, including all active Reserve service members.
Motorcycle Industry Council’s (MIC) General Counsel Paul Vitrano testified in support of federal legislation to stop the ban on youth-sized all-terrain vehicles (ATVs) and motorcycles. Vitrano pointed out that, while the lead provisions of the CPSIA (Consumer Product Safety Improvement Act ) were intended to protect children, they have had the opposite effect for youth-sized ATVs and OHMs since they have been effectively banned from the marketplace. “These smaller, lighter, speed restricted models were specifically designed for youth riders with the goal of keeping them off of larger, faster adult-size units,” said Vitrano. “The CPSC acknowledged that the ban creates such a compelling safety issues.
Harley-Davidson Inc (HOG) said on Wednesday its financial services subsidiary has entered into two credit facilities totaling $1.35 billion. The credit facilities were comprised of a $675 million, 364-day revolving facility maturing in April 2011, and a $675 million revolving facility maturing in April 2013. They replace one facility dated April 2009 and a three-year facility dated July 2008. Harley’s financial services arm uses credit facilities primarily to support its unsecured commercial paper program and to fund lending and other operations.