Deadline: tomorrow! Help meet our fall fundraising goal GIVE NOW

Harley Davidson earnings up

Marketplace Staff Jul 18, 2006
HTML EMBED:
COPY

Harley Davidson earnings up

Marketplace Staff Jul 18, 2006
HTML EMBED:
COPY

TEXT OF STORY

TESS VIGELAND: Detroit automakers, as you’ve no doubt heard, are struggling mightily to turn a profit off four wheels. Meanwhile over in Milwaukee, Harley Davidson is doing just fine on two. Chuck Quirmbach has more.


CHUCK QUIRMBACH: Harley-Davidson said yesterday second quarter earnings rose three percent, pepped up by a double-digit increase in international sales.

Japan and Europe seem especially interested in the big bike with the twin-cam engine.

Analyst Tom Graves of Standard & Poor’s says the market for Harleys overseas is still relatively small compared to the US. But he says company is working to improve worldwide distribution networks.

TOM GRAVES: “There will be better opportunities for market share gains overseas and outside the US than there are in the US itself. I mean the US I see as a relatively mature market for Harley.”

In June, the company opened a dealership in China and plans to launch others in India and Vietnam.

In Milwaukee, I’m Chuck Quirmbach for Marketplace.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.