HOG - Harley Davidson shares crash on suspension of shipments

Harley Davidson (NYSE:HOG) shares headed south on Thursday after announcing a surprise two-week hiatus to vehicle assembly and shipments. The Milwaukee-based motorcycle manufacturer announced it will “suspend all vehicle assembly and shipments (excluding LiveWire) for a two-week period” on Thursday morning prior to the market open.  “This decision, taken out of an abundance of caution, is based on information provided by a third-party supplier to Harley-Davidson late on Tuesday (5/17) concerning a regulatory compliance matter relating to the supplier's component part,” a company statement read. Further details on the suspension, the specific supplier urging caution, or particular compliance issues were not provided. Shares fell over 9% shortly before Thursday’s market open. This is a developing story.

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Harley Davidson shares crash on suspension of shipments