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HARLEY-DAVIDSON, INC.

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NHTSA to probe Harley-Davidson motorcycles for brake failure

07/08/2016 | 12:52pm EDT
A Harley-Davidson motorcycle fuel tank is seen in Frederick Maryland

(Reuters) - The National Highway Traffic Safety Administration (NHTSA) said it would investigate some motorcycles made by Harley-Davidson Inc after complaints of brake failure without warning.

The investigation involves 430,000 Harley-Davidson motorcycles of model years 2008-2011, with anti-lock braking systems, the NHTSA said on Friday.

"We are aware of the investigation and are cooperating with the NHTSA," Harley-Davidson spokeswoman Maripat Blankenheim said.

The traffic safety regulator said it received 43 complaints, three reports of crashes and two reports of injuries.

The NHTSA, however, added that the riders who made the complaints might have failed to change the brake fluid, which must be replaced within two years.

"While it may be true that the complainants failed to adhere to the...fluid service interval requirement, the consequent sudden and complete loss of brake without warning is a concern," the NHTSA said.

(Reporting by Arunima Banerjee and Ankit Ajmera in Bengaluru; Editing by Kirti Pandey)


ę Reuters 2016
Stocks mentioned in the article
ChangeLast1st jan.
CHANGE INC. 3.06% 2290 End-of-day quote.-35.04%
HARLEY-DAVIDSON, INC. -1.02% 37.95 Delayed Quote.4.47%
ONE STOP SYSTEMS, INC. 0.57% 5.31 Delayed Quote.32.75%
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Financials (USD)
Sales 2021 4 412 M - -
Net income 2021 535 M - -
Net Debt 2021 4 978 M - -
P/E ratio 2021 11,2x
Yield 2021 1,39%
Capitalization 5 838 M 5 838 M -
EV / Sales 2021 2,45x
EV / Sales 2022 2,14x
Nbr of Employees 5 150
Free-Float 90,2%
Chart HARLEY-DAVIDSON, INC.
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Harley-Davidson, Inc. Technical Analysis Chart | HOG | US4128221086 | MarketScreener
Technical analysis trends HARLEY-DAVIDSON, INC.
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Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 37,95 $
Average target price 48,40 $
Spread / Average Target 27,5%
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Managers and Directors
Jochen Zeitz Chairman, President & Chief Executive Officer
Gina Goetter Chief Financial Officer
Bryan Niketh Senior VP-Product Development & Operations
Paul J. Krause Secretary, Chief Compliance & Legal Officer
Julie M. Anding Chief Administrative Officer & Executive VP
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