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The Harley-Davidson motorcycle manufacturer, which has been under constant criticism from US President Donald Trump, had to make major cuts in the last quarter. Compared to the same period last year, net profit fell by more than six percent to $ 242.3 million (206.81 million euros), according to Harley-Davidson, whose headquarters is in Milwaukee, Wisconsin. Sales dropped from just over three percent to $ 1.5 billion. Analysts had feared much larger drops.
The 115-year-old American company had taken Trump's wrath in June by deciding to transfer part of its production abroad. The US president threatened the company on Twitter with the "beginning of the end" and announced: "You will be taxed like never before!" Harley responded with the planned transfer of manufacturing capacity to retaliate tariffs from the European Union in the trumped trade dispute by Trump.
Updated:
Harley-Davidson: From Trump's parade operation to the Prussian boy >>
already as a production site for Harley-Davidson >> [19659004] The importance of international trade for the manufacturer has been reflected in the quarterly figures. While motorcycle sales in the US market declined 6.4%, there was at least a slight increase of 0.7% abroad.
Harley-Davidson has been struggling for some time with declining US customer demand. Trump's attacks, which could prevent his customers from shopping Harley in the future, and the new EU tariffs are likely to make the company even more difficult in the future . (DPA / apa / red)
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