Tag Archives: Harley-Davidson

Harley builds fewer bikes for exclusivity

Harley-Davidson this week restarts production after a two-month closure over the pandemic with lower production rates for more “exclusivity”, the company says.

They claim 70% of US dealers will get no new motorcycles delivered this year.

Harley-Davidson Australia spokesman Keith Waddell says they “will have supply coming throughout the remainder of 2020”.

The lack of new product is largely because they have been closed since the pandemic was announced in March.

Exclusivity

However, it is also because new CEO and president Jochen Zeitz wants to make the brand more “exclusive”.

Jochen says his Rewire strategy will limit motorcycle product in the showroom and drive exclusivity.

This follows his recent announcement that the August 2020 launch of the new an America adventure bike and water-cooled Bronx streetfighter will be delayed until next year.

A company memo to dealers from product sales director Beth Truett says:

We are using this time to course correct and rewire the company in pursuit of making Harley-Davidson one of the most desirable brands in the world.

Jochen Zeitz with LiveWire rewire sharesJochen Zeitz with the electric LiveWire

Harley in the news

Harley has been in the news the past couple of months ever since CEO Matt Levatich was sacked in February Jochen was appointed interim CEO and then announced as CEO on 8 May 2020.

Last week it was revealed that Jochen and senior VP and CFO John A. Olin bought millions in shares of HOG stock.

This seems to show a vote of confidence in the company by its executives, although some say it may be just for show to prop up the share price.

There is no statement from Harley about the share purchases and no record of Jochen’s salary.

However, the previous boss was paid a record $11m last year.

When he became interim CEO, Jochen implemented measures to ride out the pandemic recession including he and fellow board members forgoing salary/cash compensation.

The measures also include cutting back on all non-essential spending, temporary salary reductions, 30% reduction in executive leadership, 10-20% reduction for US salaried employees, no merit increases for 2020 and no new staff until further notice.

Jochen’s five-year “Rewire”strategy also involves expanding “profitable iconic heritage bikes” while committing to branching out to adventure touring, the new Streetfighter range and electric motorcycles.

Harley’s sales have been on the slide for several years. This video gives an entertaining history of the American icon’s problems.

Source: MotorbikeWriter.com

Shed find Duo Glide headlines auction

A 1960 Harley-Davidson FL Duo Glide that spent 37 years sitting in a shed in Queensland headlines Shannons’ Timed Online Classic sale later this month.

The bike is one of seven motorcycles crossing the “virtual auction block” from 20 May to 3 June 2020.

The highest bid lodged by close of bidding on June 3 buys the lot, providing that the bid exceeds its reserve price (if any). All registered bidders can follow the bidding online.

You can arrange a virtual video tour of any specific lot by contact the Melbourne or Sydney auction teams on 13 4646 (Option 6) or via email at [email protected]

Duo GlideHarley Duo Glide

The recommissioned 1960 Harley-Davidson FL Duo Glide is expected to bring $20,000 – $24,000 when offered with ’no reserve’.

The 1960 FL Duo-Glide replaced the Hydra-Glide as the big American touring bike of choice.

It was a major innovation in the history of Harley-Davidson, introducing a number of changes, introducing proper swing-arm with coil-over shocks rear suspension.

Purchased from a deceased estate, the Harley had been the subject of some previous mechanical and cosmetic refurbishment, but a major service was carried out by marque specialists Macksville Motorcycles in preparation for its sale, with recent invoices on file totalling almost $2,500.

The one-owner Velocette Sportsman 500cc solo is one of only 40 Sportsmans made available for Australia.

It was purchased new from Burling & Simmons on Parramatta Road, Auburn, in Easter 1970 and has been cherished by its original Sydney owner ever since.

Well-known in the Velocette community, the bike remained registered in NSW until 2012, when it was deregistered and kept in storage until now.

Still largely original, the Velocette was completely overhauled mechanically in 1994 and is offered for sale for the first time in 50 years, with its odometer showing just 2,983 miles.

It is expected to sell in the $18,000 – $22,000 range.

Bonneville 1961 Triumph T120R Bonneville 650cc

This 1961 Triumph T120R Bonneville 650cc solo is expected to sell with ‘no reserve’ for $15,000 – $18,000.

The T120R remained the most powerful, fastest and desirable bike in Triumph’s catalogue for over a decade, with numerous variants offered for sale along the way.  

Fully restored by a specialist workshop in Melbourne several years ago, this early Pre-Unit T120R Bonneville with corresponding engine and frame numbers dates from early 1961, comes in the correct Sky Blue over Silver Sheen colour combination. 

With its mileage reset to zero at the time of restoration, the bike was showing just 285 miles on its odometer at the time of cataloguing.  

BSABSA M120

There are two restored 500cc Pre-War BSA solos in the online auction – a circa 1935 Model W35-7 and a c1937 M20 – each offered with ‘no reserve’ and expected to sell in the $14,000 – $16,000 range.

Fully restored by its previous owner in West Australia, the 1935 W35-7 has a rebuilt motor and numerous new parts, with the addition of a rare brass trouble light to illuminate its instruments.

With its frame and engine numbers both dating from the first year of the model’s production, the 1937 M20 has been the subject of a fresh ground-up restoration by its current owner. 

The bike features the correct hand gear change, Brooklands silencer and fishtail, genuine Smiths speedo and drum speedo gear and is showing zero miles on its odometer.

The fully-restored 1974 Norton Commando 850 MkIIA comes in black with gold pin-striping on its tank, a black saddle, chrome mudguards and wire wheels.

Norton introduced the 828cc Commando in 1967.

It has been mechanically updated and is expected to sell price for $12,000 – $16,000.

There is also a 1978 Honda CT70 Mini Trial Bike in good operating condition that is being offered with ‘no reserve’ and is expected to bring $3,500 – $4,500.

Source: MotorbikeWriter.com

Harley-Davidson bosses buy up shares

Two senior Harley-Davidson executives, including new CEO and president Jochen Zeitz have bought up millions of dollars of company shares.

The move follows the recent announcement of first-quarter results earnings which revealed a global 17.7% drop to 40,430 motorcycle sales, 20.5% crash in overseas sales (16,707) and a 15.5% domestic slide (23,732).

Harley shares have dropped 48.6% this year.

Jochen was announced as CEO on 8 May 2020 after becoming interim CEO when former CEO Matt Levatich was sacked in FebruarySince then, stock has slid another 37.2%.

Matt Levatich Harley-Davidson CEOP and president boss HogLevatich in Australia last year

Shares

On May 5, senior VP and CFO John A. Olin bought 13,500 shares of HOG stock at the average price of $19.02 for a total of $256,770.

The day after being announced CEO, Jochen paid $US2.1 million for 97,850 Harley-Davidson shares at an average per-share price of $21.26.

Since then the stock has bobbled around and closed on Wall St at $US19.66.

These are the first such purchases of share by a Harley-Davidson insider since 2017.

Jochen also converted the 3.7 million share units he was awarded from his service as a director into the equivalent amount of stock.

He now owns 100,450 Harley-Davidson shares in a personal account, along with 225,403 restricted stock units and 22,612 share units.

The stock purchase is his first open-market buy since joining the company’s board in 2007.

Harley-Davidson teaching town of Ryder to rideHarley-Davidson Museum

Salary

There is no statement from Harley about the share purchases and no record of Jochen’s salary.

However, the previous boss was paid a record $11m last year.

When he became interim CEO, Jochen implemented measures to ride out the pandemic recession including he and fellow board members forgoing salary/cash compensation.

The measures also include cutting back on all non-essential spending, temporary salary reductions, 30% reduction in executive leadership, 10-20% reduction for US salaried employees, no merit increases for 2020 and no new staff until further notice.

Jochen is also implementing his plan five-year strategy which he calls “Rewire”.

It involves expanding “profitable iconic heritage bikes” while committing to branching out to adventure touring, the new Streetfighter range and electric motorcycles.

However, last week he delayed the August 2020 launch of the new an America adventure bike and water-cooled Bronx streetfighter until next year.

It will be interesting to see what the market makes of the bosses’ stock buyout. It certainly shows belief in the company’s future.

Together wth the five-year plan, it also shows tis is not a get-rich-quick manoeuvre.

Source: MotorbikeWriter.com

Honda follows Harley-Davidson with Android Auto

Honda is adding Android Auto to its Goldwing infotainment system for music, phone calls and messaging with a software update next month

This follows Harley-Davidson which became the first motorcycle company to offer Android Auto in March.

It’s tit for tat really, as Honda Goldwing was the first with Apple CarPlay in 2018 and Harley followed a year later with the software update to its Boom! Box GTS Infotainment Systems on their Touring models.

Android Auto is similar to Apple CarPlay and allows riders to access some phone apps such as access Google Maps for navigation, traffic and weather reports, as well as some other apps such as Spotify.

Honda’s official press release says:

Android Auto is a simple, safe way to use your phone on the motorcycle. With simplified interface, and easy-to-use voice actions, it is designed to minimise distraction so you can stay focused on the road. Android Auto makes it easy to access your favourite music, media, and messaging apps on your motorcycle. With your Google Assistant on Android Auto, you can stay focused, connected, and entertained, keeping your eyes on the road and your hands on the handle bar, while using your voice to help you with your day.

But Honda won’t just add it to the Goldwing.

They are planning to add both Apple CarPlay and Android Auto integration to more models.

Here's why Harley's Street Glide Special is our top tourer androidHarley Street Glide with Apple CarPlay

Android Auto

Harley-Davidson Australia says they are not sure when the Android version will be available here nor the price, but the Apple version is a free software update, anyway.

As with the Apple feature, the phone must be plugged into the bike via its charging cable.

The screen will mirror the phone, allowing riders to access it through the touchscreen, Google Assistant voice control or a handlebar control.

Google Assistant is available in Australia, Canada (English), France, Germany, India (English), South Korea, United Kingdom, and United States.

Source: MotorbikeWriter.com

New boss delays Bronx and Pan America

New Harley-Davidson boss Jochen Zeitz has delayed the release of the company’s first adventure bike, the Pan America, as well as the Bronx streetfighter until 2021.

The water-cooled models were to be released in August 2020.

We suspect they may be released about February or March 2021.

That is based on Jochen’s “Rewire” strategy for the company which includes launching new models at the start of the northern hemisphere riding season, instead of near the end.

Jochen Zeitz with LiveWire rewireJochen Zeitz with the electric LiveWire

Jochen was recently named as the new CEO and president after being appointed interim CEO when former boss Matt Levatich was sacked in February.

During the recent quarterly results, Jochen also spelt out his five-year plan, which he called “Rewire”.

It includes concentrating on “profitable iconic heritage bikes” while committing to branching out to adventure touring, the new Streetfighter range and electric motorcycles.

However, the 57-year-old former Puma boss has pushed back the launch of the Bronx and Pan America.

It seems he may want to concentrate more on those “iconic heritage bikes”.

Many Harley fans may be hoping that means a return of the Dyna and V-Rod families.

Pan America and Bronx

Harley-Davidson Revolution Max platform Bronx StreetfighterBronx Streetfighter

Meanwhile, the 1250cc Pan America and 975cc Bronx Streetfighter were to be the first of many models to come with “Revolution Max” engines of 500cc, 975cc and 1250cc.

Many would consider the 975 and 1250 as big displacements, but Harley calls them midweight which they are in Harley terms as their current engines range from 500cc to over 1900cc.

Harley-Davidson Revolution Max platform Pan America 1250Pan America

The Pan America adventure tourer has 145hp (108kW) of power and 88Nm of torque, while theBronx streetfighter has output of 115hp (85kW) and 94Nm.

Harley-Davidson Revolution Max platform Bronx StreetfighterBronx 975cc engine

Harley says the 60-degree V-twin Revolution Max platform engine is designed to offer “flexible performance with a broad powerband that builds to a surge of high-RPM power”.

The Revolution Max models were part of Matt’s “More Roads” strategy which included a 100 new models in 10 years.

Jochen says the More Roads strategy needs to be “reassessed”.

His Rewire strategy is his “playbook for the next few months, leading to a new five-year strategic plan which we’ll share when visibility to the future returns”.

To implement the plan he has launched an internal management restructure and established a CEO Roundtable of “select dealers and former Harley-Davidson leaders”.

Source: MotorbikeWriter.com

Electric LiveWire aids pandemic recovery

Harley-Davidson has donated a customised electric LiveWire motorcycle autographed by the Davidson family to be auctioned to raise funds for the United Way Worldwide COVID-19 Community Response and Recovery Fund.

The special edition LiveWire also has custom paint and carbonfibre accessories including screen, tail and tank trim.

It is being auctioned online at bonhams.com with auction fees waived. The auction ends on Tuesday 26 May 2020 at 4pm (EST).

The custom LiveWire is #500 of 500 “First Strike” edition LiveWires.

These are specially numbered versions created to celebrate the first 500 units produced of Harley-Davidson’s first production electric motorcycle.

“The Harley-Davidson design team created the custom paint and graphics on this motorcycle to accentuate the natural forms of the LiveWire,” Bekefy says.

“It’s a stunning motorcycle that is truly one of a kind.”

While the auction is available for participants from around the world, the motorcycle can only be registered and retained in the US.

The winning bidder and their guest will take part in an exclusive delivery experience and “behind-the-scenes” Harley-Davidson tour.

This private, hosted experience will include a tour of the Willie G. Davidson Product Development Centre and an archival tour of the Harley-Davidson Museum.

Harley-Davidson museum in MilwaukeeHarley-Davidson museum in Milwaukee

United Way to recovery

United Way’s mission is to aid those on the frontlines and those who are affected by this crisis around the world.

Harley spokesman Jon Bekefy says the company is a “longtime partner of the United Way”.

“(We are) inspired by their continued resilience in this crisis,” he says.

“Harley-Davidson is honoured to play a small part in the relief effort to inspire our community around the world about the open road ahead.”

Source: MotorbikeWriter.com

German Jochen Zeitz heads Harley-Davidson

German-born Jochen Zeitz has been named as the new CEO and president of iconic American motorcycle company Harley-Davidson.

Jochen was appointed interim CEO after former boss Matt Levatich was sacked in February.

“During this extraordinary time of crisis my first priority is the well-being of our H-D community as I execute our COVID-19 response plan efforts to stabilise the business, resume operations, and recover,” he says in a press statement.

“I am also leading a necessary and comprehensive overhaul of the company structure, operating model, and strategy as we adjust to the new post COVID-19 realities.”

During the recent quarterly results, Jochen also spelt out his five-year plan, which he called “Rewire”.

It includes concentrating on “profitable iconic heritage bikes” while committing to branching out to adventure touring, the new Streetfighter range and electric motorcycles.

The 57-year-old has a long corporate history including 18 years as boss of German sporting goods company Puma.

Apart from Harley, he has served on several boards including luxury goods company Kering, holding company Cranemere and the Kenya Wildlife Service.

Jochen also founded the Zeitz Foundation to support sustainable solutions that balance conservation, community, culture and commerce.

Jochen spells out Rewire strategy

But we are more interested in his plans fr Harley which he recently spelt out in his five-year Rewire strategy to “expand beyond traditional products and markets”.

However, he will continue with the More Roads strategy introduced by Matt to train more new riders and introduce 100 new models in 10 years.

They include the electric LiveWire and other electric products, plus the Pan America Adventure model and the Streetfighter and Custom range all with water-cooled Revolution Max engines.

Harley Revolution Max platform includes Pan America and Bronx StreetfighterHarley Revolution Max platform includes Pan America and Bronx Streetfighter

However, Jochen says they have “over-indexed on new riders and new market growth and lost focus on critical profit sources”.

“We made progress with our product line and to some degree our customer base, but profit is lagging and our expectations are unreasonable, especially given the economic environment that we are likely to encounter, as the COVID-19 ripple effect would likely be with us for some time,” he says.

He is calling for the More Roads strategy to be “reassessed”.

His Rewire strategy is his “playbook for the next few months, leading to a new five-year strategic plan which we’ll share when visibility to the future returns”.

To implement the plan he has launched an internal management restructure and established a CEO Roundtable of “select dealers and former Harley-Davidson leaders”.

The Rewire part 1

The first part of the new strategy is to “enhance our core strength and better balance expansion into new spaces”.

We expect that means more traditional cruisers and tourers with some easing of new products in new areas such as adventure touring.

Hardcore Harley fans should be happy, although many will just want Harley to bring back the V-Rod and Dyna.

He doesn’t make any commitment to a return of those models but says “we’ll expand our profitable iconic heritage bikes to excite our existing customers”.

“We also remain committed to adventure touring, Streetfighter and advancing our efforts in electric,” he says.

The Rewire part 2

The second part of the strategy is to concentrate on “markets, products and customers that offer the most profit and potential”.

While that includes domestic sales, Harley will “narrow our focus, time and energy in the most critical countries and market segment that can move the needle for us today”.

We don’t expect that to mean any winding back of the throttle in traditional markets such as Australia, New Zealand and Europe.

However, the difficult market of China may be one that suffers as they “simplify the market coverage model and take costs out of the process”.

The Rewire part 3

The third part of the strategy is to change timing for the launch of new models.

Harley has traditionally launched its new range in August at the global dealer meeting with maybe one or two mid-year model releases in February/March.

That always seemed strange given August is near the end of the northern hemisphere riding season.

Jochen says they will “reset” new product launches “for the first time in our recent history to align with the start of the riding season”.

Source: MotorbikeWriter.com

Harley-Davidson plans to Rewire for future

Harley-Davidson will expand “profitable iconic heritage bikes” while committing to branching out to adventure touring, the new Streetfighter range and electric motorcycles under their new Rewire strategy.

German-born interim CEO Jochen Zeitz (pictured above with an electric Harley LiveWire) has spelt out his five-year Rewire vision in his first public statement since taking over as interim CEO after Matt Levatich was sacked in February.

He made the announcement at the first-quarter results earnings call which revealed a global 17.7% drop to 40,430 motorcycle sales, 20.5% crash in overseas sales (16,707) and a 15.5% domestic slide (23,732).

It’s better than some countries such as Italy where total motorcycle sales are down 66%.

In Australia, Harley was only down 8.7% in the first quarter.

Meanwhile, compatriot Polaris announced Indian Motorcycle sales were “up low-single digits percent” (they never reveal actual unit sales) while “North American retail sales decreased high-single digits percent”.

Both Harley-Davidson and Polaris have withdrawn annual sales estimates in the current unprecedented lockdown.

New strategy

Jochen says under his five-year Rewire strategy they will “continue to expand beyond traditional products and markets”

That means continuing with the More Roads strategy introduced by Matt to train more new riders and introduce 100 new models in 10 years.

They include the electric LiveWire and other electric products, plus the Pan America Adventure model and the Streetfighter and Custom range all with water-cooled Revolution Max engines.

Harley Revolution Max platform includes Pan America and Bronx StreetfighterHarley Revolution Max platform includes Pan America and Bronx Streetfighter

However, Jochen says they have “over-indexed on new riders and new market growth and lost focus on critical profit sources”.

“We made progress with our product line and to some degree our customer base, but profit is lagging and our expectations are unreasonable, especially given the economic environment that we are likely to encounter, as the COVID-19 ripple effect would likely be with us for some time,” he says.

He is calling for the More Roads strategy to be “reassessed”.

His Rewire strategy is his “playbook for the next few months, leading to a new five-year strategic plan which we’ll share when visibility to the future returns”.

To implement the plan he has launched an internal management restructure and established a CEO Roundtable of “select dealers and former Harley-Davidson leaders”.

The Rewire part 1

The first part of the new strategy is to “enhance our core strength and better balance expansion into new spaces”.

We expect that means more traditional cruisers and tourers with some easing of new products in new areas such as adventure touring.

Hardcore Harley fans should be happy, although many will just want Harley to bring back the V-Rod and Dyna.

He doesn’t make any commitment to a return of those models but says “we’ll expand our profitable iconic heritage bikes to excite our existing customers”.

“We also remain committed to adventure touring, Streetfighter and advancing our efforts in electric,” he says.

The Rewire part 2

The second part of the strategy is to concentrate on “markets, products and customers that offer the most profit and potential”.

While that includes domestic sales, Harley will “narrow our focus, time and energy in the most critical countries and market segment that can move the needle for us today”.

We don’t expect that to mean any winding back of the throttle in traditional markets such as Australia, New Zealand and Europe.

However, the difficult market of China may be one that suffers as they “simplify the market coverage model and take costs out of the process”.

The Rewire part 3

The third part of the strategy is to change timing for the launch of new models.

Harley has traditionally launched its new range in August at the global dealer meeting with maybe one or two mid-year model releases in February/March.

That always seemed strange given August is near the end of the northern hemisphere riding season.

Jochen says they will “reset” new product launches “for the first time in our recent history to align with the start of the riding season”.

Pandemic measures

Harley-Davidson 115th anniversary 110th 105thHarley’s Pilgrim Road factory where a worker tested positive for coronavirus

Harley switched off the assembly lines at its factories in March due to the Pandemic and last month made cuts to costs starting with the CE and Board of Directors’ salaries and include “temporary layoff” of all global staff.

Jochen says the closure of facilities and temporary suspension of manufacturing enabled them to clean and prepare the workplace to protect workers.

“We are gradually resuming production in a measured way that is safe for employees and will continue to require all employees enrolled that allow them to do so, to continue to work from home to minimise the number of people in each facility,” he says.

Polaris, which owns and produces Indian Motorcycle, also introduced a range of cost-cutting measures including boss Scott Wine suspending his own salary for the rest of the year to cope with the impact of the pandemic.

Source: MotorbikeWriter.com

Harley-Davidson Softail Standard review

The 2020 Harley-Davison FXST Softail Standard is not only an entry model for their 107-cube Milwaukee Eight big twin, but also the perfect donor bike or “blank canvas” for customising.

It comes with a solo seat, mini-ape bars, shotgun exhausts, 19-inch chromed steel rims with classic spokes and not much else.

At $A21,495 ($NZ22,750) ride away you can set aside some cash for custom parts and factory accessories.

Most will probably start with forward controls for a more relaxed riding position as well as better cornering clearance. Shorter folk will probably leave it as it is with its ultra-low 680mm seat.

Standard raisedHarley-Davidson FXST Softail Standard

The Softail Standard makes a welcome return to the stable as it was one of the Milwaukee’s company’s best-selling bikes in Australia for many years.

Obviously, there are a lot of riders like me who enjoy the simplicity of the bike and the scope for customisation.

However, the 2020 Softail Standard is a long way from the 1984 Evo original or the last model in 2007, thanks to the last major overhaul in 2017.

The main change is the more powerful air-cooled 107 (1746cc) Milwaukee Eight V-twin engine.Harley-Davidson FXST Softail Standard

It’s also a more refined unit which you will notice the moment you hit the ignition switch. There is no longer an awkward jolt, but a delicious thump of big-twin vibe.

Harley doesn’t discuss or reveal power output figures, but the Milwaukee Eight has 149Nm of arm-wrenching torque and with that much grunt, there is little need to work the gears.

If you do, those familiar with Harleys will be pleasantly surprised by the slicker, positive and quieter gearshift. And you can find neutral relatively easily!

Handling and rideHarley-Davidson FXST Softail Standard

The other big update in 2017 was the improved ride and handling, thanks to shedding about 17kg in weight, a 17% stiffer frame, emulsion rear shock and Showa dual-bending-valve forks.

It now feels more solid, rides smoother over the bumps, holds its line better through corners and provides confidence in cornering.

The Showa forks not only provide positive steering, but also delete that jackhammer effect through the grips, although I did find the thick rubber grips hurt my arthritic hands after a couple of hours of riding.

I don’t mind the mini ape hanger bars that bring my fists up to chest height. They provide some hand-eye co-ordination which helps with tight manoeuvres, but can be uncomfortable on long highway stints where your body forms a windsock position against the wind blast.

However, the Softail Standard isn’t a highway tourer. It’s a cruiser designed for blasts through the hills.

Yet the solo seat is extremely comfortable with no complaints by the time the fuel light came on after about 200km.Harley-Davidson FXST Softail Standard

Despite the single 300m disc brake up front, I am impressed with its ability to bring 297kg of heft to a prompt stop with minimal fork dive even though the rear brake feels lifeless.

Styling

While Harley has gone for a traditional style, there are some mod-cons such as digital instruments and an LED headlight with a good spread of even light.

Those minimalist instruments are an absolute delight.

The main screen is discretely incorporated into the handlebar with a smaller screen tucked underneath. Nothing to spoil the look of the front end.Harley-Davidson FXST Softail Standard

Despite being small and minimal, they are easy to see in all light conditions and include quite a bit of information.

The main screen displays the fuel gauge, speedometer and gear position all the time and you can toggle through the clock, fuel range, odometer, two trip meters and rev counter via a handy toggle switch on the left switchblock.

The bottom screen displays the warning lights and indicators.

While some Softail Standard owners will enjoy slicing and dicing this blank canvas into their dream bike, Harley has also made it easier with a choice of four accessory packages:

  • Day Tripper Custom Package: Pillion seat and a 21-inch detachable sissy bar with pad, passenger foot pegs and mounts, forward foot controls and a black leather Single-Sided Swingarm Bag.
  • Coast Custom Package: Softail Quarter Fairing, black anodised aluminium Moto Bar handlebar and 5.5-inch riser, a Bevel two-up seat and passenger foot pegs, and BMX-style foot pegs from the 80GRIT Collection.
  • Touring Custom Package: Sundowner two-up seat and passenger foot pegs, a 14-inch-high light smoke quick-release windshield, classic black detachable saddlebags and a 14.5-inch detachable sissy bar and backrest pad.
  • Performance Custom Package: Throttle response and mid-range acceleration is improved with a Screamin’ Eagle Stage II Torque kit for the Milwaukee-Eight 107 engine, Screamin’ Eagle Pro Street Tuner, Screamin’ Eagle Heavy Breather Performance Air Cleaner and Screamin’ Eagle Street Cannon mufflers. This factory-engineered performance upgrade retains the original equipment factory warranty when installed by an authorised Harley-Davidson dealer.

2020 Harley-Davison FXST Softail Standard tech specsHarley-Davidson FXST Softail Standard

Price

$A21,495 ($NZ22,750) ride away

Engine

1746cc, 45-degree Milwaukee-Eight 107 V-twin; 4 valves/cyl.

Bore x Stroke

99 x 111mm

Compression

10:01

Transmission

6-speed, belt drive

Torque

149Nm @ 3000rpm

Suspension (front)

49mm telescopic fork w/ dual bending valve; 38mm travel

Suspension (rear)

Coilover monoshock, adjustable for preload; 86mm travel

Brakes (front)

4-piston fixed caliper, 300mm disc

Brake (rear)

2-piston floating caliper, 292mm disc

Wheels (front/rear)

Chrome, steel-laced; 19 x 2.5 in / 16 x 3.0 in.

Tyres (front/rear)

Dunlop bias blackwall 110/90B-19 / 150/80B-16

Rake/Trail

30.0°/157mm

Wheelbase

1630mm

Seat

680mm

Wet weight

297kg

Fuel tank

13.2 litres

Source: MotorbikeWriter.com

Harley cuts costs and lays off staff

Following in the footsteps of Indian Motorcycle, Harley-Davidson has made cuts to costs that start with the CE and Board of Directors’ salaries and include “temporary layoff” of all global staff.

Harley-Davidson has halted production since March 18 due to the COVID-19 pandemic.

Now, acting president and CEO Jochen Zeitz who took after Matt Levatich was allegedly sacked in February has announced cost-cutting measures to lessen the impact of the stoppage. 

Matt Levatich Harley-Davidson CEO politics silicon confirms sackedMatt at the 115th Harley party in 2018

It follows the company’s decision to withdraw its earnings forecast for this year, saying pandemic-induced disruptions could dent its ability to supply and sell motorcycles.

Financial analysts expect Harley sales to slump by 25% this year. 

“The effects of COVID-19 on economies around the world have been swift and unprecedented,” Zeitz says.

“It is essential for us to respond quickly, adapt and position the company to manage near-term challenges while preparing to re-energise the business for the recovery and beyond.”

Costs cut

Harley is taking the following actions to lower costs:

  • Significantly reducing all non-essential spending;
  • Temporarily reducing salaries;
    • CEO and the Board of Directors will forgo salary/cash compensation;
    • 30% reduction for executive leadership;
    • 10 to 20% reduction for most other salaried employees in the United States; and
    • No merit increases for 2020;
  • Implementing a hiring freeze.

The statement that the board and boss will “forgo salary/cash compensation” is a disingenuous gesture since there will be no performance bonuses given the loss of sales this year.

However, the 30% pay cut may be significant as it was revealed Levatich was paid $US11m last year.

Harley is still searching for a replacement for Levatich, a poisoned chalice if there ever was one with this pandemic adding to their recent sales woes.

Indian Cutbacks

Scott Wine Polaris boss Indian salaryPolaris boss Scott Wine

The Harley cutbacks compare with cost-cutting by Indian Motorcycle parent company Polaris where CEO Scott Wine suspended his entire salary for the rest of the year.

Other Polaris cutbacks include delaying salary rises for staff, two weeks leave without pay for some staff and pay reductions of 20% for other staff including the executive leadership team.

Global Harley cuts

Harley-Davidson says they will take similar cost-cutting action outside the United States.

Salary reductions will be reassessed at the end of the second quarter as the company continues to closely monitor business conditions. 

The majority of its global production employees are on temporary layoff. Medical benefits remain intact for all global employees, the say. 

“We understand that navigating this new reality has a real impact on our employees,” Zeitz says.

“Their dedication to Harley-Davidson is never taken for granted, and we thank them for supporting one another and rallying together as we manage the profound impact of COVID-19.”

Harley-Davidson will release its first quarter 2020 financial results on Tuesday, 28 April 2020. 

American deaths from the virus now top 20,000 which is the highest in the world. More than half a million Americans are now infected.

President Donald Trump called the coronavirus a “hoax” on February 28, blaming the media for “hysteria”, saying it was the Democrats playing politics and claiming the virus was nothing compared with the seasonal flu.

Source: MotorbikeWriter.com