Harley-Davidson's first production electric motorcycle will debut in 2019

Harley-Davison to consolidate Kansas City assembly plant to York County facility

Harley-Davidson will be closing two operations, another in Kansas after shipments plummeted.

Harley-Davidson retail motorcycle sales in the United States were down 11.1 percent, and the overall industry was down 6.5 percent compared to the year-ago quarter. And for the second year, the eurozone even grew faster than the US, which expanded by 2.3 percent in 2017. It's a motorcycle that is still a concept and is under production, but now Harley-Davidson seems intent on bringing it closer to a full-spec production model.

Harley-Davidson Chief Financial Officer John Olin said the company will spend $25 million to $50 million per year over the next several years on electric motorcycle technology.

The company has also announced that more than 100 jobs will be lost by its decision to close its New Castalloy factory in Adelaide, Australia, in 2019.

Four years after unveiling the LiveWire project, an all-electric motorcycle prototype used in the Avengers series, Harley-Davidson finally confirms that it is bringing its first electric motorcycle to market.

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The Milwaukee-based motorcycle manufacturer made the announcement after net income was down a whopping 82-percent in the fourth quarter of 2017.

Whether or not the production electric motorcycle looks like LiveWire remains to be seen, the new bike doesn't even have a name. But soon after, the company started a series of layoffs including 118 US workers in April, followed by another 180 in July. LiveWire is an exhilarating, no excuses, electric Harley-Davidson.

Iconic American motorcycle company Harley Davidson announced on Tuesday that it will be shuttering a Kansas City plant, a decision that will reportedly result in layoffs for 800 employees. It also didn't make a ton of horsepower, a Harley-Davidson tradition but by Motor Company standards, it was light at under 500 lbs.

Harley-Davidson's shares fell more than 8% to $50.59 on Tuesday, due to the disappointing forecast, according to Reuters.

Harley said it expects to ship 231,000 to 236,000 motorcycles this year after shipping 241,498 vehicles in 2017, the lowest number since 2011. Where the 32,000 new Harley-Davidson buyers in the USA previous year probably bought their first hog in large part for its patented loud sound, the electric Harley will undoubtedly be quiet (er). The alternative to a partner will be to develop the electric bike in-house and, this might take more than 18 months to accomplish.

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