According to a company press release, the decision was made "out of an abundance of caution, is based on information provided by a third-party supplier to Harley-Davidson late on Tuesday concerning a regulatory compliance matter relating to the supplier’s component part.”
The company says it's temporarily halting all vehicle production and shipments at the vehicle assembly plant in Springettsbury Township due to a supply chain related matter. The production suspension excludes Harley-Davidson's new LiveWire electric bike. As of May 19, it's unclear how many employees will be impacted and for how long.
Breaking news on @harleydavidson. Watch @MKEBizJournal for further coverage - Harley-Davidson stock falls as company suspends assembly and shipments for two weeks https://t.co/5PkPzCPJR6
— David Schuyler (@dschuylerMBJ) May 19, 2022
STATEMENT FROM HARLEY-DAVIDSON
MILWAUKEE, May 19, 2022 /PRNewswire/ -- Yesterday, Harley-Davidson, Inc. ("Harley-Davidson") (NYSE:HOG) took the decision to suspend all vehicle assembly and shipments (excluding LiveWire) for a two-week period. This decision, taken out of an abundance of caution, is based on information provided by a third-party supplier to Harley-Davidson late on Tuesday (5/17) concerning a regulatory compliance matter relating to the supplier's component part.
Source: Harley-Davidson Investor News
