Fast Motorcycle Industry News

Harley-Davidson President and CEO Keith Wandell Financial Compensation.  His total compensation in 2011 rose nearly 13 percent to about $7.2 million, compared with $6.4 million in 2010. He opted not to have his base salary increased according to a proxy statement filed with the U.S. Securities and Exchange Commission. In 2011 Wandell received a salary of $975,037 equal to his salary in 2010. He also received total cash bonus payments, both discretionary and performance-based, totaling more than $2.8 million compared with cash bonus payments of about $2.3 million in 2010.

His stock awards were valued at $1.5 million, compared with $1.4 million in 2010, while his option awards were valued at $1.7 million, compared with $1.6 million the previous year. Wandell also received other compensation totaling about $175,000 in 2011, compared with about $84,000 in 2010. The payments included $29,600 in lieu of receiving certain perquisites and personal benefits, non-qualified deferred compensation plan contributions of $68,466, 401(k) plan contributions of $31,850, and life insurance premiums of $13,727. He also received additional benefits that totaled $25,478 consisting of financial planning services, personal use of company aircraft and clothing..

Since his arrival at Harley-Davidson 3 years ago, Keith Wandell focused on a complete restructuring of the company and modernization of the plants. He launched a job reduction program eliminating 1,900 jobs at the York plant (50% of the workforce), bringing an estimated $217 million in savings for the company in 2011. Last year the top five executives at Harley-Davidson Inc. received discretionary and performance based bonuses totaling $5.7 million.

Triumph Motors Plans To Set Up Bike Assembly Plant In India. UK-based Triumph Motorcycles plans to set up a bike assembly plant in the southern State of Karnataka, and may start assembling bikes well within a year. The company signed a memorandum of understanding (MoU) with the Karnataka Government a month ago. One of the pre-requisites for the location has been proximity to a port for both importing completely knocked-down (CKD) kits and later exporting bikes, if required. The Indian plant will help Triumph price its models more competitively in the world’s second-largest two wheeler market. This strategy follows the one pursued by Harley-Davidson which started similar operations at a facility in Haryana last year. Triumph intends to locally assemble the Bonneville, Street Triple, Speed Triple and Daytona 675 models. Later, it may consider full manufacturing as well.

Zipper's

49 Responses to “Fast Motorcycle Industry News”


  1. 1 GuitarSlinger Mar 29th, 2012 at 7:58 am

    Harley Davidson is beginning to sound an awful lot like the current US Auto Industry .

    CEO’s and the likes salaries on the rise – Huge Bonuses being handed out to the executive staff – while sales decrease – jobs left and right are cut – and the only thing anyone at the top has to brag about is the cost savings to the company . Yet we’re supposed to see this news as positive .

    Yet across the Pond , Triumph continues to ‘ triumph ‘ adding jobs – increasing sales – yet despite all the increases still decides to move some production to India . And yet again we’re expected to see this all as positive .

    Think I’ll ignore all the ‘ Industry ‘ and just go for a ride :o)

  2. 2 Ronnie Mar 29th, 2012 at 8:28 am

    Money deserved?

  3. 3 P.Garvin Mar 29th, 2012 at 9:08 am

    Wonder how many jobs could have been saved with his $800,000 raise?

  4. 4 burnout Mar 29th, 2012 at 9:37 am

    I am sure the 1900 people who got the ax are thrilled with this news. peace

  5. 5 Matt Mar 29th, 2012 at 9:39 am

    Keith Wandell wasn’t hired because he loves motorcycles or Harley Davidson. He was hired to make the company money and please the investors. I think in that regard he has done a good job so what reason does the Harley have for not giving him motivation to stay?

  6. 6 John K. Endrizzi Mar 29th, 2012 at 10:19 am

    This is just wrong !

  7. 7 Luis Mar 29th, 2012 at 10:28 am

    @Guitarslinger

    Triumph cut a lot of Jobs and send production to Thailand.

  8. 8 Jason Hallman Mar 29th, 2012 at 11:36 am

    I know that I am swatting at the hornet’s nest here…but I don’t understand how things get to a point where 1900 jobs cut is the solution. I understand that each employee = a certain number of $$’s. I just don’t understand why as a country we continue to make bad decisions. Just because your mom will let you eat an entire cake by yourself doesn’t mean you wont get a tummy ache. I hope I do not have to read about this type of gluttony recovery in my life time.

  9. 9 Larry Mar 29th, 2012 at 11:42 am

    Jason. But you don’t have a clue about business. If harley can produce as many bikes, and more very soon, with 1900 less workers, what does it mean? That these workers were unproductive. The US workers are the problem, not the US companies looking to make profit, the only reason why corporations exist.

  10. 10 Rider2 Mar 29th, 2012 at 11:50 am

    His salary, bonuses and perks for running a large company like HD is very similar to any other CEO with a good track record of doing what they are supposed to do, meaning keep the company running, make profit, increase productivity and get rid of all the stuff that doesn’t work properly.
    This guy did just that. He closed down under performing dealerships, cleaned up the HD models that didn’t sell, told the dealers to stop selling wholesale or buy aftermarket parts and re-structured the company based on the bad economy. Does he deserve that much of a salary? Probably not but that’s pretty much an average salary/bonus for a successful CEO that is approved by a board of directors.

    I am not sure but aren’t we all in the business of making money and lots of it?

  11. 11 Fritz Mar 29th, 2012 at 3:45 pm

    Whether one is pro or con management or labour; what kind of product will be left after these 1900 workers go down the road?

    Will their workload be performed by low paid, casual or part time workers? Will the existing workers pick up the slack? Will automation carry that workload? How about the BRICS factories? Will they supply us now? I sure hope quality control will not suffer as per the new Sigarms or AMF Harley-Davidson. What is the sentiment of the existing labour force? Is the MotorCo prepared to prevent a repeat of the AMF H-D fiasco which covered pretty much the whole Shovelhead series?

    I don’t know and if you carefully read, I am asking not teling…. …. so what do you guys think?

  12. 12 richard Mar 29th, 2012 at 4:12 pm

    The reality is if you don’t compete, your gone. Competing with some foreign MC companies is very diffulcult due to their low wages and goverment subsidies. In order to compete, costs must be kept to the lowest level possible. Apparently that has been accomplished based on the recent financial reports summarized on this blog. Keep in mind If costs are not kept down, prices go up and people go elsewhere for their new MC. and eventually the company would be forced out of business. In that case ALL of the salaried and hourly workers would be out of a job. Apparently the bonus money awarded to Mr. Wandell is his reward for saving the company much more money than he was awarded by installing policies that have led Harley back to a profitable position comming out of rough economic times. More importantly, his actions have set Harley up for a bright near term future and continued success.

  13. 13 Philip DiGennaro Mar 29th, 2012 at 5:45 pm

    Ah, the old class warfare rant has made it the various bike blogs too. Our useless President, obunghole has done a good job demonizing the rich and US corporations. I salute Wendell for saving HD during the economic crisis. He’s done a good job getting rid of some of the union BS at HD. He deserves every cent of his compensation. Corporations do not exist to provide jobs or benefits. They exist to make profits. The jobs and benefits come only after there are profits.

  14. 14 Michael Mar 29th, 2012 at 6:00 pm

    While I see the need to be productive, People need work ,America needs to get control of itself. Is Harley worth double as in their stock value indicates? Only if you buy and sell it.

    I am no fan of this fellow or his tactics, laying his employees off, then bringing some one back with lower wages and no bemefits, my thats innovative isn’t it

    We as a country are f888ked

  15. 15 Captain John T. Awesome Mar 29th, 2012 at 8:35 pm

    It was mostly your former President Bush/Cheney regime that set up the situation that you guys are in these days….but i guess it’s easy to forget 2 hugely expensive and immoral wars, deregulation of the financial markets resulting in the biggest crash since the great depression and billions of dollars in useless tax cuts….Right?

  16. 16 Phil Mar 29th, 2012 at 9:12 pm

    “Useless tax cuts”. There is no such thing as a useless tax cut. It’s NOT the government’s money. Typical Libtard.

  17. 17 Woody Mar 29th, 2012 at 9:41 pm

    Useless tax cuts? We have the highest corporate taxes in the world. They are only tax cuts if pleasure is reduced pain.

  18. 18 Unik Mar 29th, 2012 at 9:56 pm

    Woody. You repeat GOP BS. American corps use deductions that no other country has. The effective tax rate is lower that in all Europe. See http://www.nytimes.com/imagepages/2011/05/02/business/20110503_RATES_graphic.html?ref=economy

  19. 19 Phil Mar 29th, 2012 at 10:37 pm

    Unik. The New York slimes is hardly a reliable, unbiased source of news. I ignore the main stream media for all news info. The main stream media is in the tank for the DemocRat party and the Marxist Kenyan.

  20. 20 Alan sharp Mar 30th, 2012 at 6:40 am

    They deserve the money, all that work opening the assembly plant in india, 1900 new jobs to sort out,…………………………..NOT.

  21. 21 Boss Hawg Mar 30th, 2012 at 7:17 am

    Simple tariffs, port fees and customs duties could balance the act. But no, we must sell American goods in China and India, and to do so working folks were sold our at all levels for BIG BUSINESSES to hawk their goods to the 1,338,299,512 billion Chinese and 1,170,938,000 billion East Indians.

    Stand behind America and your fellow workers, keep America built on capitalism. Invest in your local communities like I have , roll the dice with several hundreds of thousands of dollars for each store that you open and see if you c and I will stand behind capitalism 100%.

    Like it or not it all came to a head under Ray-gun. Then Billy Boy, with No More Bush and Sick Ass Cheney’s cronies totally taking us down the tubes.

    The vast majority of you here have not ever ever had big money nor have you managed or run a big business with stock holders and a board to report to. All you do is rant in BLOGS, drink beer, piss your pants and do nothing as you always do but bitch bitch bitch and wait for the next so called rally to come along so you can pitch your tent and talk about remember when…If that’s the case and this applies to you then STFU and live with it. Or do like me and the rest of the small business owners and CHANGE IT the best you can and support your local economies by not buying from the Global Marketplace, or $256,000,000 in lost local taxes to Amazon, eBay or others without paying taxes to support your local communities tax based services and workers, or Overstocked (my ass dot com), etc…Get inside the workplace and do something!

    Boss Hawg

  22. 22 Boomer Mar 30th, 2012 at 8:11 am

    Pretty much inevitable consider the Unions kept pushing for raises and more benefits way past their non-Union counterparts. Union’s have pretty had their day as a force for good. Now they are just power hungry thugs on a payroll willing to do whatever their Union bosses tell them too.

    There should not be one single Union representing any government worker at any level. Eventually HD will need to be a non-Union shop to stay alive. Charging an extra $2k per bike just to pay for Union pensions isn’t going to cut it anymore than it does for the US Auto Industry.

    In reliability; HD is a distant second to its American counterpart – Victory. HD should worry more about that issue before trying to expand to other areas and get back to basics. What good is a machine if it isn’t reliable?

  23. 23 JanKat Mar 30th, 2012 at 8:44 am

    American industry has changed. The goal of management is to make every job on an assembly line simple enough that someone off the street can do it. All operations have a process sheet and detailed work instructions. Quality assurance employees monitor each operation and verify it. Most companies prefer to buy parts and assemble rather than manufacture in house. All of these changes have opened up the door for temporary workers, small job shops, and foreign suppliers. Another effect that it has is that it easier to move an assembly to a “cheap labor” country. Change is inevitable. We are racing to a global economy. As I see, it all started with Raganomics , which at the time was a Godsend for the American economy. Go figure.

  24. 24 Larry R Mar 30th, 2012 at 9:20 am

    And?

  25. 25 Jeff Nicklus Mar 30th, 2012 at 10:25 am

    So Boss, how do you really feel about it?

    Boss, Boomer and JanKat ……. Couldn’t have said it better myself!

    Over & Out,

    Jeff

  26. 26 richard Mar 30th, 2012 at 2:10 pm

    Phil, It appears you only listen to faux “news”, limbaugh,hannity, beck, ingrams etc. It’s the only way you could be so far off base, narrow minded and ignorant. One of the no minds righties who live life thinking they are smarter than everyone else. I don’t think so sport, I don’t think so…

  27. 27 BobS Mar 30th, 2012 at 8:51 pm

    Plain and simple truths. If you have to lay off HALF your workforce in order to stay in business fine. You gotta do what you gotta do. And if you do this as CEO while cutting your own pay by HALF, then you have my support. But if you lay off people while increasing your own pay, then FU! Don’t come crying to me when those 1900 and the others sympathetic to their cause vote for politicians that double your taxes. A-hole.

  28. 28 Phil Mar 30th, 2012 at 11:42 pm

    Richard. And I am off base, how? By believing in limited government? By believing that the federal government is stealing our money and liberty? That obunghole is a Marxist? Tell me “sport”, what exactly am I wrong about? Did you ever think that if the Kenyan bastard gets his way with obamacare, there may come a day when the Feds decide that riding a motorcycle is just too dangerous, and for your own good, you can’t expect medical care if you get hurt? Get your head out of your ass and pay attention to how these SOBs are stealing our liberty. If zero is re elected and obamacare is upheld, this country will cease to be a representative republic and the Constitution will be dead.

  29. 29 Boss Hawg Mar 31st, 2012 at 7:46 am

    My Dear Friend….Most here don’t even have a clue about how the machine runs.

    I will be more than happy to have a scotch when we sit face to face again soon…hopefully at PCB?

    Like the song…I gotta get out of this place..

    Boss Hawg

  30. 30 Ben Mar 31st, 2012 at 11:18 am

    I think it’s funny that a guy making 7.2 in total compensation feels that he needs a 401k. I’m not saying that he isn’t doing a good job, I am a small (very small) business owner and have to watch cost very closely and still may not survive. The political situation in this country is so screwed up that neither party is worth voting for. Folks on the right have all sorts of funny names for and rants against Obama, many may have base in fact, but they offer Mitt Romney as a better choice, really? I’m not a fan of this president but the problem we have is that political process in this country has become so low brow that the people who we need most and are most qualified to do the job are also smart enough to stay the hell away from it. What we need is honesty and integrity without the personal agenda that all pols seem to have, what we get is………well, you know.

  31. 31 GetYoHeadOutofYoAss Mar 31st, 2012 at 2:48 pm

    Who said Obama hasn’t done anything? He has an impressive list of accomplishments if you ask me! Here are but a few:

    • First President to apply for college aid as a foreign student, then deny he was a foreigner
    • First President to have a social security number from a state he has never lived in.
    • First President to preside over a cut to the credit-rating of the United States
    • First President to violate the War Powers Act. .
    • First President to be held in contempt of court for illegally obstructing oil drilling in the Gulf of Mexico .
    • First President to defy a Federal Judge’s court order to cease implementing the Health Care Reform Law.
    • First President to require all Americans to purchase a product from a third party.
    • First President to spend a trillion dollars on ‘shovel-ready’ jobs when there was no such thing as ‘shovel-ready’ jobs.
    • First President to abrogate bankruptcy law to turn over control of companies to his union supporters.
    • First President to by-pass Congress and implement the Dream Act through executive fiat.
    • First President to order a secret amnesty program that stopped the deportation of illegal immigrants across the U.S., including those with criminal convictions.
    • First President to demand a company hand-over $20 billion to one of his political appointees.
    • First President to terminate America ’s ability to put a man in space.
    • First President to have a law signed by an auto-pen without being present.
    • First President to arbitrarily declare an existing law unconstitutional and refuse to enforce it.
    • First President to threaten insurance companies if they publicly spoke-out on the reasons for their rate increases.
    • First President to tell a major manufacturing company in which state it is allowed to locate a factory.
    • First President to file lawsuits against the states he swore an oath to protect (AZ, WI, OH, IN).
    • First President to withdraw an existing coal permit that had been properly issued years ago.
    • First President to fire an inspector general of Ameri-corps for catching one of his friends in a corruption case.
    • First President to appoint 45 czars to replace elected officials in his office. .
    • First President to golf 73 separate times in his first two and a half years in office, 90 to date.
    • First President to hide his medical, educational and travel records.
    • First President to win a Nobel Peace Prize for doing NOTHING to earn it.
    • First President to go on multiple global ‘apology tours’.
    • First President to go on 17 lavish vacations, including date nights and Wednesday evening White House parties for his friends; paid for by the taxpayer.
    • First President to have 22 personal servants (taxpayer funded) for his wife.
    • First President to keep a dog trainer on retainer for $102,000 a year at taxpayer expense.
    • First President to repeat the Holy Qur’an tells us the early morning call of the Azan (Islamic call to worship) is the most beautiful sound on earth.
    • First President to take a 17 day vacation.

    So how is this hope and change working out for you?

  32. 32 Jeff Nicklus Mar 31st, 2012 at 2:52 pm

    Boss,

    See you at PCB!

    Over & Out,

    Jeff

  33. 33 Greeko Mar 31st, 2012 at 3:04 pm

    C’mon. this listing is 90% BS,and for the rest makes reference to very good decisions made by our President. Yes, things are changing positively. Reason why Obama is going to be re-elected. You bet?

  34. 34 BobS Mar 31st, 2012 at 5:51 pm

    Some of you guys drink so much Kool Aid I should go buy stock. If you think this president is any different then every one we’ve had during your lifetime then you are the one that needs to get your head out of your ass. Politics isn’t about serving the American people and self governance anymore, that’s been gone for ages. It’s about power and money and those that have it use politicians as pawns and own the airways which are used to convince us that Romney is better than Obama or vice versa.

  35. 35 Boss Hawg Apr 1st, 2012 at 1:19 am

    @ Jeff…I hear Obama has Wrestle Mania booked Sunday at 7 to decide on the outcome of what he should do with Iran. Rock wins we keep apologizing…Cena wins we go get em after Obama apologizes again for losing the elections.

    Me personally…I say to hell with Iran…Give Mahmoud Ahmadinejad and Seyed Ali Hosseini Khamenei some left over Agent Orange, and then Bunker Bust there asses off to see 40 virgins and nuke em to show them the true powers nuclear science.

    Boss Hawg

  36. 36 Jeff Nicklus Apr 1st, 2012 at 2:41 pm

    Greeko,

    I am curious to know which of the statements made by GetYoHeadOutofYoAss you consider to be 90% BS and what 10% you consider “our President” made that is good for this country? I have checked “several” of the statements on Snoope’s and accordingly they are correct. FYI: I don’t have the time to check each of the statements so I defer to your obvious superior intellect to keep me informed.

    Boss,

    I agree, however, if I were President I would just look the other way and turn Israel loose! In the infamous words of President Reagan when asked why Israel attached the boys in Bagdad and destroyed their hopes of becoming a nuclear power …. Reagan said: “Boys will be boys!” … couldn’t agree more.

    Over & Out,

    Jeff

  37. 37 Industry guy Apr 1st, 2012 at 3:07 pm

    Best thread ever!!!

  38. 38 Unik Apr 1st, 2012 at 4:56 pm

    Nicklus. You seem to enjoy reading political tales. Snopes? Snoope? You must be kidding with your supposed verifications. Internet is full of BS about everything political.

  39. 39 Jeff Nicklus Apr 1st, 2012 at 5:09 pm

    Unik,

    …..”Internet is full of BS about everything political”….. It is also full of truths. I never said that the statements listed were all true, I said the few I checked were accurate.

    “Snoopes” …. never claimed I could type either!

    Yes, I do love the political process we enjoy here in the United States. Even more than that I love this country and everything we as Americans stand for and I truly believe Obama is destroying the America I love. In my humble opinion he is without doubt the worst President we have ever known.

    Over & Out,

    Jeff

  40. 40 Boss Hawg Apr 2nd, 2012 at 7:55 am

    Jeff…I had forgotten that one but love it

    “Boys will be boys!”…Sources tell me that we already slipped something better than the bunker busters and I think they are getting ready to go boom boom boom.

    Boss Hawg

  41. 41 bean're Apr 2nd, 2012 at 10:07 am

    Everyone like to comment on the reason the economy is so bad or blame it on the president either past or present. Well Victory ( Polaris) had a surplus year and as the Cyril Huze blog reported, gave a hefty bonus to each and every worker, What is more American then that?

  42. 42 Newyorkmyke Apr 2nd, 2012 at 11:33 am

    It amazes me that the composite of these responses just remind me how great this country is. Most of this stuff couldn’t be said in a public forum in most places(of course Obama fans probably think the CIA is monitoring them tho) so I’ll just go on record and say ditto to every negative comment on this communist we have to call president. I never thought anyone could make Clinton look good! Btw Clinton took office in a rising economy, slashed the military in half to save money to balance the budget, which invited al Quiada in, then helped push a dotcom house of cards economy which was crashing as Bush took office. Surplus you say! If Bush didnt beef up our military and attack Afganastan, (and Iraq), the attacks would have kept coming and if Fanny Mae and Freddy Mac didn’t guarantee worthless credit risks we would not have had the subprime recession, and if the country listened to Bush after he was re elected we would have reformed Social Security, medicaid, and Medicare. Ok that felt good! Thanks Cyril! Oh, and Romney is the best and brightest and we are lucky to have a person of his stature and integrity running for office. Now I’m outa here!!!

  43. 43 Greeko Apr 2nd, 2012 at 1:31 pm

    Newyorkmyke. Unfortunately you have everything mixed up about who did what as President. Re-elect Obama.

  44. 44 Jeff Nicklus Apr 2nd, 2012 at 3:25 pm

    Greeko,

    I asked you earlier: “I am curious to know which of the statements made by GetYoHeadOutofYoAss you consider to be 90% BS and what 10% you consider “our President” made that is good for this country?”.

    Do you care to respond?

    Over & Out,

    Jeff

  45. 45 Newyorkmyke Apr 2nd, 2012 at 4:58 pm

    Greeko: this is an MC blog so I’ll keep my political opines at Newyorkmyke.com. I fought for your right to have your opinions and to voice them so go for it but if you think helmet laws suck wait till Obamacare kicks in (Godforbid!) you ain’t seen norhing yet! Be careful what you wish for; I wish for the least govt with the best Military so you can always vote to limit our freedom if you so choose. I’m sure Jane Fonda agrees with you too and if amejenedad could vote he would too…….you go girl!

  46. 46 Greeko Apr 2nd, 2012 at 6:06 pm

    NewYorkMike. You wrote “Greeko: this is an MC blog so I’ll keep my political opinions at Newyorkmyke.com” Really? You posted your political opinion in an above long post and again in the post above. without forgetting to mention a link to your website. Seems you have close to zero visitors? FYI, Obamacare already kicked in. Freedom is not proportional to the amount of military a country has !!! Iraq, Afghanistan. Stupid wars. For what? You don’t fight terrorism with an army but with Intelligence. Republicans’ strategy is always to scare people about everything and to present themselves as the solution. I am not scared. You are. Obama to be re-elected. Easy. Did you really listen to your dumb GOP candidates. They just want power, not the interest of out country.

  47. 47 BlkBkr Apr 3rd, 2012 at 1:05 pm

    I think it’s funny that on a site about motorcycles (discretionary purchase) that people are talking about how bad the economy is…must not be too bad the two large American motorcycle manufactures keep reporting profits and one is handing out dividends every quarter.

  48. 48 Seminal Semicolon Apr 3rd, 2012 at 8:43 pm

    Like it or nott;
    You are all going to die…

  1. 1 Triumph Speed Triple 1050 2011 | New Car Review and Price - Release Date, Specifications, Insurance, Performance and Wallpaper Pingback on Apr 8th, 2012 at 12:31 am
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