- Harley Davidson reports sales down 21 percent – Buell production to stop – MV Agusta for sale

Posted on October 16, 2009 | Filed Under Biker News | Comments Off

Following the announcement that worldwide retail sales of new bikes were down 21% in the third quarter of 2009, Harley Davidson are embarking on a massive restructuring programme which includes the sale of the Italian MV Agusta company and the shutdown of production of Buell motorcycles within weeks.

More than 500 jobs have already been cut from Harley's local operations, in addition to having scheduled four full shutdown weeks and two partial ones. The Buell decision will result in Harley eliminating about 80 hourly positions and about 100 other jobs, most of which is scheduled to happen by Dec. 18.

This link will take you to Harley Davidsons official Press Release on this subject.