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U.S. investment firm H Partners is preparing to launch a fight to shake up Harley-Davidson's board and replace its CEO in the face of deteriorating sales, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
The investment firm H Partners resigned from Harley's board earlier this month in preparation for a fight.
Here are some of the major companies whose stocks moved on the week's news.
A Harley-Davidson director has resigned after expressing "grave concerns" about the current state of the company in a letter to the motorcycle maker's board.
Jared Dourdeville of the New York investment firm H Partners expressed numerous frustrations, and said the company had suffered from “cultural depletion.”
The European Union will launch countermeasures from next Tuesday against U.S. President Donald Trump's steel and aluminium tariffs with extra duties on 21 billion euros ($23 billion) of U.S. imports.
Harley-Davidson, Inc. NYSE: HOG is experiencing a surge of attention from investors, even as it faces significant challenges. Despite grappling with operational difficulties and a declining stock price, the company has unexpectedly risen to the top of several watchlists.
Harley in February forecast 2025 profit and motorcycle revenue to be flat to down 5% as consumers temper big-ticket purchases.
Harley-Davidson's Jochen Zeitz is planning to retire as CEO after five years in the role, the motorcycle maker said on Tuesday.
The motorcycle maker has engaged an executive search firm to find a replacement for CEO Jochen Zeitz, who the company said plans to retire after five years on the job.