Fast Motorcycle Industry News

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.

19 Responses to “Fast Motorcycle Industry News”

  1. 1 Luis Jul 27th, 2012 at 10:02 am

    Infosys is one of the biggest outsourcing companies in india. The Infosys set up in the US is more for politics than anything else. That money is going to India and they will hire more there. Not good HD.

  2. 2 Matt Jul 27th, 2012 at 11:35 am

    Investors are customer #1.

  3. 3 MADRider Jul 27th, 2012 at 12:06 pm

    Maybe if they outsourced the execs jobs they would learn. Saving a few bucks isn’t that inportant in the long run,.

  4. 4 Paul Jul 27th, 2012 at 12:13 pm

    Keep your eye on the shell.
    Pick the one you think its under.

  5. 5 richard Jul 27th, 2012 at 1:10 pm

    With respect to the “outsourcing”. Let’s see, the HD people can work for the outsourced company, in Wisconsin, keep their pay and keep their service credit, and create 68 new/more IT jobs in the process. Sounds like a good thing to me. This is how a well run company stays in business, makes a profit and takes cost out of the product to keep cost and prices down (competes).This is why their credit rating was just upgraded by Finch.

    I don’t think there’s much here to complain about.

  6. 6 Poppa Jul 27th, 2012 at 4:38 pm

    They will say they cannot find local talent and will have to import foreign workers under the H1B program. I live in a tech area and most of my neighbors and co-workers are Indian.

    This is how corporations depress tech wages, and the Feds allow it.

  7. 7 fuji Jul 27th, 2012 at 4:49 pm

    richard .

    Rather than put many paragraphs together on your thinking / beliefs let me sum it up for those who don’t understand your rational. BRILLIANT !

    At this point in Time! India company’s have much influence with Eric Buell and Harley Davidson. Yes they are making money and will continue.

    If it’s a credit rating that gives one a rise I would suggest keeping extra underwear on hand to stay dry and not sticky.

    Engineers from Hero of India have been seated within EBR for some time. Fill in the blanks where all this will end up.

    Maybe they will leave an IT in place When…….

  8. 8 Highrider Jul 27th, 2012 at 6:20 pm

    Sorry Richard, it is a lot to worry about. Harley is Iconic and represents or used to American. Under this new CEO Harley is turning it’s back and very remarkably brazen in these times considering the loyalty the customers used to want in Harley’s product and advertizing,

    Sorry, but the stock holders are not going to make out with Harley. You own a stock if you believe in nthe company and it’s principles under this new CEO a Globalization seems to be the goal and bedamned their customers.

    For the record I own 5 Harleys, but recently purchased a new Victory as It at least at this point IS more American and THAT is important to me as an American Motorcycle owner.

  9. 9 BobS Jul 27th, 2012 at 6:59 pm

    Bingo Poppa. Harley workers can APPLY for those positions. I will bet my bike those positions “can’t be filled with existing applicants…” and indentured servants from India will get H1B visas to come fill the positions. Harley will AGAIN send more middle class workers into poverty while Waddell or whatever his name is gets another 5 million dollar bonus, Infosys will take a boat load of American dollars back to India and Milwaukee will have 125 minimum wage workers added to the newly unemployed 125 ex Harley workes stressing social services. Waddell and Infosys will toast each other with champagne on a yacht in the French Riviera while Wisconsin taxpayers are left picking up the pieces. Effing beautiful.

  10. 10 Toby Jul 28th, 2012 at 12:43 am

    “…keep their service credit…” What exactly does that mean when working for an outsourcing hired gun like Infosys? Probably not much.

    The only advantage that these former HD tech guys have is that industrial IT labor is in high demand. Take what you know and go work for Polaris.

  11. 11 Rodent Jul 28th, 2012 at 9:54 am

    Pretty soon the only MADE IN AMERICA will be children actually conceived in America !

  12. 12 richard Jul 28th, 2012 at 10:07 am

    I try to take a positive attitude when it comes to the Motor Company…their stock is doing well, sales are up, cash flow is good, they are expanding sales overseas and their credit rating is up……yes credit rating is important if you’re trying to run a business.
    We’ll see what happens with the IT workers over time. I could be right or could be wrong.

  13. 13 Fredp Jul 28th, 2012 at 1:24 pm

    HMMM? Outsourcing? Reclassification of jobs, offering new jobs with another company (which you won’t get), restructuring ,
    CEO getting big bonuses?
    Ok Ok, I get it, Mitt Romney, please reveal yourself as the mastermind behind all this!

  14. 14 BobS Jul 28th, 2012 at 10:30 pm

    Although they may be cut from the same cloth, his name is not Mitt Romney, his name is Keith Wandell. Wandell told the union he was going to shut down York and move the plant if they didn’t agree to cuts the company “needed” and the union went along. 700 hard working Americans were laid off, most of whom were rehired as temps at half the wage and no benefits. Scorecard for York PA…700 families either unemployed or newly welcomed to the poverty class. 700 families who can’t get a mortgage, hire a contractor to refinish their kitchen, buy a new tv, or go out to eat let alone buy a new motorcycle. If that doesn’t sound sad enough, 700 families that can’t afford to have Santa Claus slide down the chimney this year. ” Geez Bob, what’s with all the bleeding heart crap?” you say…” it was a necessary move to save the company” you say…Well here’s the other half of the story. Harley reported a profit of 600 million dollars and your hero Wandell got a 3 million dollar bonus on top of his 5 million dollar salary. There’s your bloody job creator right there. I ask you this, would Harly not still be saved if they made 590 million dollars and would Wandell still not be rich if he only made *gasp* 5 million dollars? Combined that 13 million dollar savings would have been more than enough to keep those 700 York workers employed. Job creators my behind. He’s now going to screw over 125 Milwaukee families so he can steal their worth. A million dollar, or a three million dollar bonus is never “earned” by unemploying hard working Americans. If you “have” to lay off workers, you better damned well be taking a pay cut yourself. If America had any balls left he and those that act like him would be tarred and feathered, then taken out to sea and made to walk the plank. I would be more than happy if he made his 8 million by EARNING it. That being build the best motorcycles, sell more of them, expand the business and so on. Not like this, this is slime and it’s disgusting.

  15. 15 Scot Jul 29th, 2012 at 8:47 pm

    Richard and Fiji,

    All of this is brilliant until it happens to someone you know or someone in your own family. Where I work, (I won’t name names) they recently hired a few guys in Argentina to our team. We all thought it was strange and our boss finally admitted they basically could get 2 for 1 by hiring offshore. Now, fast forward about 6 months after we’ve been training these guys to do what we do, out come the letters from HR asking who wanted to “volunteer” to get laid off/retire early, whatever the hell you want to call it. What happens next is if they don’t get enough “volunteers” they start laying folks off.

    Regardless of which side of the political fence you sit on, this is wrong and it needs to stop. Creating jobs overseas is not creating jobs and it’s killing the American economy. These companies who outsource have no tax incentive to keep American jobs in America. If we’re going to give corporations tax breaks, do it by requiring them to create jobs in America.

  16. 16 fuji Jul 30th, 2012 at 12:07 pm

    scot .

    Think, Think

    Wake up ! Brilliant is in caps,” Sarcasm ” Read the post again. Carefully.

    Don’t put my name along side of Dick . Woops I mean Richard. LOL

  17. 17 Blackmax Jul 30th, 2012 at 1:46 pm

    Paul is right….
    For a company that likes to waive the US flag and who’s customers buy BECAUSE of the
    red, white & blue, this is a VERY sad state of affairs that does not bode well for the brand.
    (Which if you didn;t know LOSES you money in the long run)

  18. 18 rob Jul 30th, 2012 at 8:49 pm

    There are still 55 people that will lose jobs!…………………………….

  19. 19 fuji Jul 31st, 2012 at 9:01 am

    As I mentioned “moons” ago little by little its all going away from USA soil.

    HD knows that most of there riders have short memory’s and need their binky.

Comments are currently closed.
Cyril Huze