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Wednesday 5 June 2019

News Briefs

Harley has approved a cash dividend of $0.375 per share for the second quarter of 2019. The dividend is payable June 14, 2019 to the shareholders of record of the company's common stock as of May 30, 2019.

Indian Motorcycle said that its FTR 1200 and FTR 1200 S were due to begin arriving at dealers in the U.S. and Canada in mid-May. All factory accessories, including the Tracker, Sport, Rally and Tour Collections, will also be available as motorcycles arrive in dealerships.

In further FTR 1200/S news, Indian Motorcycle has confirmed that FTR assembly will commence for European dealers at their Poland factory by the end of 2019; European spec CKD 'Scout' kits from the Spirit Lake, Iowa factory are already being assembled there.

Workers at Harley's Menomonee Falls and Tomahawk plants in Wisconsin have agreed what the company said was its final new contract labor offer. The deal will see the workers concerned receive 14% raises over the next 5 years, with a new average assembly worker wage of $33 per hour for those in the Milwaukee area and $25 hourly for Tomahawk employees. Harley has also promised to invest $65 million into the Menomonee Falls factory and $10 million into the Tomahawk facility. The expiring agreement was negotiated in 2010 and implemented in 2012 and included a seven-year wage freeze. That deal was a by-product of then CEO Keith Wandell's hard-ball play book response to the financial crisis.

Harley Riding Academy (New Rider Course) is now being offered as a college credit course at the University of Wisconsin-Milwaukee - upon completion, students will earn an MSF BRC completion card.

The acquisition of North County's House of Motorcycles at Vista, near San Diego, California, has taken RideNow Powersports to 42 stores in its national network, 15 of them in its home state of Arizona, 7 in Texas, and 5 in each of Florida and Nevada.

As at 20 weeks out from the show date, AIMExpo, slated for Columbus, Ohio, in September 2019, says that dealer registrations are running ahead of the same time for Las Vegas in 2018 (+14%) and for Columbus in 2017 (+22%), with 22% of dealers said to be from the V-twin and Cruiser sectors and with dealers registered from 42 different states.

Tucker Powersports has added Sena Technologies to its brand partner portfolio. The Sena range includes communication devices, action cameras and Smart Helmets.