Harley-Davidson suspends production for 2 weeks, shares fall

May 19, 2022, 7:29 AM | Updated: 7:51 am
FILE - The logo for Harley-Davidson appears above a trading post on the floor of the New York Stock...

FILE - The logo for Harley-Davidson appears above a trading post on the floor of the New York Stock Exchange, March 3, 2020. Harley-Davidson shares fell more than 7% Thursday, May 19, 2022 after the motorcycle maker said it was suspending vehicle assembly and most shipments for two weeks due to a regulatory compliance issue with one of its suppliers. (AP Photo/Richard Drew)

(AP Photo/Richard Drew)

Harley-Davidson announced a two-week suspension of vehicle assembly and most shipments, citing a regulatory compliance issue with one of its suppliers.

Shares tumbled almost 8% Thursday.

The decision was made Wednesday “out of an abundance of caution” after the company received information from a supplier of one of its component parts, Harley-Davidson said. The company did not name the supplier or provide details on the part in question and said the assembly and shipping suspension would not affect its LiveWire electric motorcycle.

The company, like most global manufacturers, was already struggling with supply issues. It reported in April that its profit was trimmed by rising costs and chip shortages, which hurt sales in North America.

Harley-Davidson shares have lost nearly one-third of their value in the past year and Thursday, stock in the Milwaukee company fell $2.76 to $32.97.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

FILE - Musician R. Kelly leaves the Leighton Criminal Court building in Chicago on June 6, 2019. Ke...
Associated Press

R. Kelly timeline: Shining star to convicted sex trafficker

R. Kelly’s musical accomplishments have been accompanied by a long history of allegations that he sexually abused women and children. Now the R&B singer faces a trial in his hometown of Chicago on charges of child pornography and obstruction of justice. The trial comes after he was sentenced in June in federal court in New […]
13 hours ago
Associated Press

Noem releases social study standards burnishing U.S. history

SIOUX FALLS, S.D. (AP) — South Dakota Gov. Kristi Noem on Monday released a revised proposal for social studies standards in public schools that lays out a mostly shining vision of American history, after an initial draft of the standards came under heavy criticism last year from conservatives and Native American educators. The Republican governor […]
13 hours ago
Associated Press

Plane plunges into lake at Arizona-Utah border, killing 2

PAGE, Ariz. (AP) — A small plane plunged into a lake that straddles the Arizona-Utah state line over the weekend, killing two people and injuring five, authorities said Monday. The pilot of the single-engine plane reported an engine problem late Saturday afternoon before the Cessna 207 went down in Lake Powell National Park near the […]
13 hours ago
Associated Press

Closing prices for crude oil, gold and other commodities

Benchmark U.S. crude oil for September delivery fell $2.68 to $89.41 a barrel Monday. Brent crude for October delivery fell $3.05 to $95.10 a barrel. Wholesale gasoline for September delivery fell 10 cents to $2.95 a gallon. September heating oil fell 8 cents to $3.44 a gallon. September natural gas fell 4 cents to $8.73 […]
13 hours ago
Associated Press

Smokies to require parking passes beginning next March

GATLINBURG, Tenn. (AP) — Beginning next March, visitors to Great Smoky Mountains National Park will need to purchase a parking pass to use the facilities. Park Superintendent Cassius Cash said in an interview the fee is needed to keep up with maintenance and staffing demands at the country’s most visited national park. The Smokies have […]
13 hours ago
This photo provided by Gerry Keene shows a 13-year-old dog named Abby that was found by cavers on A...
Associated Press

Dog, missing 2 months, found alive inside Missouri cave

Jeff Bohnert had all but given up on seeing his poodle-hound mix again after she went missing in early June. Two months later, he got a text from a neighbor: People exploring a nearby cave found a dog. Could it be Abby? Bohnert doubted it, but still curious, he went to the cave site near […]
13 hours ago

Sponsored Articles

...
Day & Night Air Conditioning, Heating and Plumbing

Most plumbing problems can be fixed with regular maintenance

Instead of waiting for a problem to happen, experts suggest getting a head start on your plumbing maintenance.
...
Carla Berg, MHS, Deputy Director, Public Health Services, Arizona Department of Health Services

Vaccines are safe if you are pregnant or breastfeeding

Are you pregnant? Do you have a friend or loved one who’s expecting?
...
Carla Berg, MHS, Deputy Director, Public Health Services, Arizona Department of Health Services

Update your child’s vaccines before kindergarten

So, your little one starts kindergarten soon. How exciting! You still have a few months before the school year starts, so now’s the time to make sure students-to-be have the vaccines needed to stay safe as they head into a new chapter of life.
Harley-Davidson suspends production for 2 weeks, shares fall