Harley-Davidson withdraws outlook due to coronavirus disruption

Harley-Davidson withdraws outlook due to coronavirus disruption

Harley-Davidson Inc on Thursday withdrew its financial forecasts as the coronavirus outbreak hurts its supply chain, and warned further disruptions could dent its ability to supply and sell motorcycles.

The logo of U.S. motorcycle company Harley-Davidson is seen on one of their models at a shop in Par
FILE PHOTO: The logo of U.S. motorcycle company Harley-Davidson is seen on one of their models at a shop in Paris, France, August 16, 2018. REUTERS/Philippe Wojazer

REUTERS: Harley-Davidson Inc on Thursday withdrew its financial forecasts as the coronavirus outbreak hurts its supply chain, and warned further disruptions could dent its ability to supply and sell motorcycles.

Harley said last week it would shut majority of the production at its facilities in Pennsylvania and Wisconsin, starting March 18 through March 29, after an employee tested positive for the virus at is Wisconsin facility.

(Reporting by Rachit Vats in Bengaluru; Editing by Saumyadeb Chakrabarty)

Source: Reuters

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