Erik Buell Racing Gets $20 million In Investment Funding. Erik Buell Racing has received $20 million in foreign investments to allow the upstart OEM to expand its motorcycle production and create about 200 jobs. The $20 million in investment funding comes from investment fund manager FirstPathway Partners LLC and will help EBR produce additional models of sport bikes and expand its international exports. “EBR motorcycles are made in America and in great demand worldwide,” said Bob Kraft, chairman, CEO and founding partner of FirstPathway Partners. “This investment will create good manufacturing and engineering jobs in Wisconsin for skilled American workers and greatly strengthen a local company’s position in the global marketplace.”
Harley-Davidson Outsources Datacenter To Infosys Based In India And Creates New IT Jobs Within The Company In Milwaukee. Is it another story of American jobs lost to offshore outsourcing? Not as simple as it appears. If it’s true that this decision will result in the loss of 125 jobs, including 83 jobs at Harley’s Wisconsin headquarters, the Indian company, Infosys has already a large presence in the US with 16 existing US facilities and in 2012, hired over 1200 people to staff those facilities in the US. The contract with Harley requires that they open a facility in Milwaukee, which will increase the size of Infosys’ US presence and will open up 125 jobs, equal to the number of jobs being lost at Harley-Davidson. Out of this 125 jobs, 70 will be directly on the Harley project. Harley will be encouraging employees whose jobs have been outsourced to apply for these jobs, and will keep their base pay and years of service credit that they acquired while working at Harley-Davidson. With Harley planning on creating 68 IT jobs within the company to manage the current and future needs of Harley’s IT growth, that is a net gain of 68 jobs in the Milwaukee IT community.
Fitch Ratings Upgrades Rating On Harley-Davidson On strong Demand, Leading Position. Thanks to the company drastic restructuring process that started in 2009 that froze pay, cut hundreds of jobs and brought in part-time workers to improve the company’s performance, Harley-Davidson just got upgraded to A- by Fitch Ratings. Harley-Davidson Inc., Harley-Davidson Financial Services Inc. and Harley-Davidson Funding Corp. subsidiaries show strong cash position, high profit margins and low debt. The demand for the company’s motorcycles remains strong in the U.S. and it is seeing growth trends in emerging markets.