FILE PHOTO: Marc McAllister, vice president of Harley-Davidson, talks about the Harley-Davidson LiveWire electrical motorcycle with Tom Gebhardt, chairman and CEO for Panasonic Corporation of North The united states, all over a Panasonic files convention at the 2019 User Electronics Convey (CES) in Las Vegas, Nevada, U.S. January 7, 2019. REUTERS/Steve Marcus/File Record
CHICAGO (Reuters) – Harley-Davidson Inc (HOG.N) stated on Monday it has stopped manufacturing and deliveries of its first electrical motorcycle after discovering a glitch in the closing quality assessments.
The motorcycle maker stated it has came upon a “non-normal situation” with LiveWire, which it began transport to its sellers leisurely final month, prompting further testing and evaluation.
Whereas the company stated its testing is progressing “successfully,” it did no longer provide a timeline as to when the manufacturing will resume.
Harley’s shares turned lower on the data and have been final trading down 1% at $34.seventy three.
The corporate is making a bet on electrical bikes to entice the next generation of youthful and extra environmentally unsleeping riders to reverse declining U.S. gross sales.
LiveWire – priced at $29,799 – has been on hand for preorder in the US since January. The majority of the orders for the bike have been coming in from existing and venerable riders, its sellers advised Reuters.
Reporting by Rajesh Kumar Singh in Chicago and Rachit Vats in Bengaluru; Bettering by Steve Orlofsky