Harley-Davidson said Thursday it will suspend automobile assembly and shipments for a two-7 days period, excluding people from its electric powered-car or truck division LiveWire, owing to a areas difficulty related to a supplier.
The legendary bike maker explained the conclusion was produced following a 3rd-social gathering provider, which was not named, informed Harley about a regulatory compliance matter relating to its part aspect.
The firm commenced outsourcing bicycle generation for cargo to the EU from the United States in 2018 in reaction to retaliatory tariffs imposed by the EU on steel and aluminum items.
Harley-Davidson did not instantly respond to a request for comment on the suspension.
Shares sank 9% to $32.47 in midday investing.
Milwaukee-based Harley reported a fall in initial-quarter profit in April, as margins ended up squeezed by bigger charges and chip shortages.
Source chain snarls have dented motorbike gross sales in North The us as generation challenges resulted in reduced seller inventories, the firm has earlier explained.
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