Summary:
- HOG halting production temporarily.
- Supply chain issues persist.
Supply chain issues causing problems for Harley Davidson
Harley Davidson announced they were halting all forms of shipment and production, apart from their electric LiveWire line. The current supply chain issues have forced the auto producer to slow down for the next 2 weeks.
In March one of the Harley Davidsons suppliers informed the company they were facing compliance issues. The stock of HOG is down by almost 20% this year. HOGs LiveWire is planning to break away to merge with a special acquisition company and going public.
Harley Davidson Price Chart
Sources: finance.yahoo.com, thestreet.com