A 3rd-party provider knowledgeable Harley-Davidson a couple of regulatory compliance matter referring to its part half.
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Harley-Davidson mentioned Thursday it should droop car meeting and shipments for a two-week interval, excluding these from its electric-vehicle division LiveWire, on account of a components concern associated to a provider.
The long-lasting bike maker mentioned the choice was made after a third-party provider, which was not named, knowledgeable Harley a couple of regulatory compliance matter referring to its part half.
The corporate started outsourcing bike manufacturing for cargo to the EU from america in 2018 in response to retaliatory tariffs imposed by the EU on metal and aluminum merchandise.
Harley-Davidson didn't instantly reply to a request for touch upon the suspension.
Shares sank 9% to $32.47 in noon buying and selling.
Milwaukee-based Harley reported a drop in first-quarter revenue in April, as margins had been squeezed by increased prices and chip shortages.
Provide chain snarls have dented motorbike gross sales in North America as manufacturing challenges resulted in decrease seller inventories, the corporate has beforehand mentioned.
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