Harley-Davidson, Inc. Will Cease Operations At Its Australian Subsidiary Producer Wheels and Wheel Hubs. The facility of ” “New Castalloy” produces the majority of cast wheels for Harley-Davidson motorcycles and has a workforce of 212, including 183 employees and 29 contract worker.The decision to close comes as part of an overall strategy Harley-Davidson embarked on in 2009 to develop world-class manufacturing capability throughout the company by restructuring and consolidating operations for greater competitiveness, efficiency and flexibility. The sourcing of the New Castalloy production to other existing suppliers is expected to generate about $9 million in annual ongoing savings beginning in 2014.
The Sturgis City Council Gives Checks To The Community. The Sturgis Council held on Monday their annual “big check” presentation of contributions to various community entities, a presentation to reflect and show the benefit of the rally to the local citizens. SMRi received $50,291, the Sturgis Rally Charities Foundation received $22,669, the Sturgis Volunteer Fire Department received $11,000, Sturgis Police Reserves received $2,000 and the national Fallen Firefighters Foundation received $1,000. The annual check presentations is a contractual obligation through an agreement with SMRi! SMRI receives and doesn’t give? I thought it was supposed to be the opposite. I must miss something. Please, somebody to help me understand?
Harley-Davidson New Dividend. Harley-Davidson, Inc. (NYSE: HOG) announced that its Board of Directors approved a cash dividend of $0.125 per share for the fourth quarter of 2011. The dividend is payable December 30, 2011 to the holders of record of the Company’s common stock on December 20, 2011.
Motorcycle Industry Council Offering Tire Guide: Developed in conjunction with leading motorcycle tire manufacturers, this extensive, 20-page street tire guide is designed to assist motorcyclists with tire selection, inspection, maintenance and more. The MIC Tire Guide also helps riders better understand and utilize sidewall information, and includes color photos, technical diagrams and charts outlining speed and load ratings. Also included are tire-mounting suggestions and tips for dealing with a tire failure. Finally, a Tire Replacement Log and a Load Limit Calculator are added for convenience. Order at Motorcycle Industry Council
Two Sturgis Iconic Bars On Main Street Have Been Sold At Auction. Local businessman Rick Schmid bought Gunner’s Lounge for $480,000 last Thursday. The Fireside Oasis Lounge went for $850,000 to the PSI Trust. The holders of the trust were not revealed. Deals on the two bars sold by the local Chaffee family are to close by the end of the year.
Harley-Davidson Trying To Sell Milwaukee Tosa And Franklin Buildings, Factory in Wauwatosa. Milwaukee-based Harley-Davidson is seeking $7.9 million for the 394,840-square-foot structure at 11700 W. Capitol Drive. The Wauwatosa plant, until a recent restructuring, was housing the heavyweight motorcycle manufacturer’s powertrain production.