Harley-Davidson has announced additional share repurchase authorization headroom up to an additional 10.0 million shares of H-D, Inc. common stock. The Board authorization is in addition to the existing share repurchase authorization approved in February 2020. As of June 30, 2023, 5.8 million shares remained on that share repurchase authorization.
The Harley-Davidson, Inc. (NYSE: HOG) Board of Directors approved a cash dividend of $0.165 per share for the third quarter of 2023 - payable September 27, 2023 to the common stock shareholders of record as of Sept 12, 2023.
Energica is celebrating its first ever podium, indeed the first ever podium for any electric motorcycle manufacturer, in a top-class internal combustion engine (ICE) race and series. Tytlers Cycle Racing's Stefano Mesa from Colombia rode the Energica Eva Ribelle RS (equipped with the Kit Corsa Clienti) to second place on the podium in the fourth round of the MotoAmerica Super Hooligan National Championship at The Circuit of The Americas (CoTA) on the weekend of September 8-10. The result left them fifth in the championship.
Mulholland Harley-Davidson, located in Calabasas, California, has been sold by seven H-D dealership owner Rodin Younessi to Bret Irvine. Mullholland was a second dealership in the Greater Los Angeles area and is Irvine's second H-D store acquisition.
PSB has opened registrations for its 2023 'Accelerate' Conference, being held at the Westin Galleria in Dallas, Texas, Nov. 5-7. "Industry leaders, dealers and enthusiasts will gather in Texas to network and attend seminars and roundtable discussions focused on dealership growth and development."
After an eight-year tenure, industry veteran David Zemla has announced he'll be stepping away from S&S Cycle. "I've had the honor of working with some incredible teams while at S&S and together we've transformed this storied brand, readying it for an evolving market and many years of success. Now it's time for me to take a break, spend some time with my family and prepare for the next challenge," shared David. Previously Zemla had led the sales and marketing efforts at Performance Machine, Progressive Suspension and helped develop Burly Brand before moving to Wisconsin to assume the VP of Marketing role at S&S Cycle.
Indian Motorcycle is recalling certain 2023 Challenger, Pursuit Dark Horse Icon w/Premium Package, Pursuit Dark Horse w/Premium Package, and Pursuit Limited w/Premium Package motorcycles - some 50 units in total. An improperly assembled fuel line could result in an engine stall, "increasing the risk of a crash or injury."
Drag Specialties has added James Hunt as a Northeast sales representative for Long Island, New York - which must be one of the toughest beats for any road warrior. Hunt was formerly a motorcycle shop owner in the Pennsylvania area, and has been riding since he was seven years old. He is now involved in road racing with a private club and enjoys surfing and working on motorcycles and classic cars.
In a move that suggests an evolution of its sales strategy, Rocky Mountain ATV/MC, one of powersports' largest retailers and distributors, is joining AIMExpo for the first time at the 10th annual show, February 6-8, 2024, at the Las Vegas Convention Center. The employee-owned company was created in 1985 when founder Dan Thomas saw a need for ATV wheels and tires, and has grown to become a powerhouse in the industry, additionally designing, manufacturing, and testing products.
Drag Specialties has appointed John Vyborny to the sales team roster covering the western Pennsylvania area. "John comes to us with several years of experience having been a dealership owner and service manager in the PA area."
Sources: AMD, IDN, FT, Reuters, PSB, MPN, BDN, MCN, AP, Bloomberg, MSNW, Electrek, electricmotorcycles.news, RideApart.com, Motor1.com, Cycle World, motorbikewriter.com
