Harley-Davidson Inc on Tuesday trimmed the forecast for shipments of its motorcy...
) on Tuesday trimmed the forecast for shipments of its motorcycles in 2019 after worldwide sales in the second quarter slumped, hurt by higher tariff costs as well as weak demand in the United States.
Operating margin as a percent of motorcycle revenue is projected to be about 6% to 7% this year, lower than the 8.0% to 9.0% estimated earlier. Similarly, China’s tariffs on the bikes exported from the U.S. have increased to 55% from 30% as a result of the trade war between the world’s two biggest economies.
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