SUBSIM Radio Room Forums



SUBSIM: The Web's #1 resource for all submarine & naval simulations since 1997

Go Back   SUBSIM Radio Room Forums > General > General Topics
Forget password? Reset here

Reply
 
Thread Tools Display Modes
Old 11-08-10, 03:19 PM   #1
AVGWarhawk
Lucky Jack
 
AVGWarhawk's Avatar
 
Join Date: Jun 2005
Location: In a 1954 Buick.
Posts: 28,275
Downloads: 90
Uploads: 0


Default

Restructuring

Harley has not provided details on the additional job losses, but the restructuring objectives are clear.
The company, for example, is on schedule to close its Capitol Drive plant in Wauwatosa in 2010.
It also is closing its Franklin distribution center this year.
"We need to reduce excess capacity and make the necessary changes that will enable us to be more competitive for the long term," Ziemer said.
Harley-Davidson remains focused on its long-term goals as well as getting through the recession, according to Ziemer, who recently announced his retirement effective May 1.
He has been replaced by Keith Wandell, president and chief operating officer at Johnson Controls Inc., an automotive parts supplier.
No company would like having its U.S. sales down nearly 10%, Ziemer said, but Harley is doing "amazingly well" compared with automakers and manufacturers of other big-ticket products.
Harley's overall results were better than expected, according to analysts.
The company did much better than its foreign competitors, including Honda Motor Co., and captured market share, said Robin Diedrich, senior consumer analyst at Edward Jones.
There also were encouraging signs at Harley-Davidson Financial Services, the company's consumer lending arm.
Tom Bergmann, Harley's chief financial officer, said during a conference call that he believes HDFS would be able to meet its funding needs for the year - something that had been questionable.
The company's decision in February to cut its dividend, coupled with a $600 million debt offering and other efforts, should cover the division's need for $1 billion in funding, Bergmann said.
Harley-Davidson Financial Services has toughened its loan-writing standards and collection efforts. Still, its credit losses on retail motorcycle loans widened from a year earlier.
"I expect credit losses to go up throughout 2009 as we look at rising unemployment and falling consumer confidence," Bergmann said.


Harley has laid off quite a few over the past two years. This is a move to survive as a company.
__________________
“You're painfully alive in a drugged and dying culture.”
― Richard Yates, Revolutionary Road
AVGWarhawk is offline   Reply With Quote
Old 11-08-10, 03:35 PM   #2
Tribesman
Stowaway
 
Posts: n/a
Downloads:
Uploads:
Default

So they are taking steps to be competitive in an expanding market.
Yeah game over
  Reply With Quote
Old 11-08-10, 03:43 PM   #3
SteamWake
Rear Admiral
 
Join Date: Mar 2005
Posts: 13,224
Downloads: 5
Uploads: 0
Default

Quote:
Originally Posted by Tribesman View Post
So they are taking steps to be competitive in an expanding market.
Yeah game over
Game over for the 'made in america' mindset.

We just cant manufacture here and be competitive.

That simple sentance says alot.
__________________
Follow the progress of Mr. Mulligan : http://www.subsim.com/radioroom/showthread.php?t=147648
SteamWake is offline   Reply With Quote
Old 11-08-10, 04:54 PM   #4
tater
Navy Seal
 
Join Date: Mar 2007
Location: New Mexico, USA
Posts: 9,023
Downloads: 8
Uploads: 2
Default

Quote:
Originally Posted by SteamWake View Post
Game over for the 'made in america' mindset.

We just cant manufacture here and be competitive.

That simple sentance says alot.
For sale on the other side of the world. Its a good choice. Do you consider a Mercedes gl450 an American car? It's made here. If that Benz is German, then the Harley is American even made in India
tater is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 06:54 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
Copyright © 1995- 2025 Subsim®
"Subsim" is a registered trademark, all rights reserved.