HOG

www$.$harley$-$davidson.com

In the first half of $2010,$ Harley$-$Davidson opened its first five dealerships in India. High

import tariffs of $90$ percent on motorcycles historically kept Harley out, but the growing

upper class in India now warrants Harley opening dealerships there.

Harley$-$Davidson announced in April $2009$ that it will shed an additional $300$ to $400$

hourly jobs in the $20092010$ timeframe, on top of the $1,100$ jobs it previously planned to

eliminate during that period. Its stock declined from $48\mathrm{.}05$ per share to $9\mathrm{.}78$ per share in

the time period March $8,2008$ to March $7,2009,$ although a recent surge put the stock

price at $19\mathrm{.}45$ as of April $27,2009.$ Harley is closing several facilities and has indicated its

motorcycle sales decreased $13$ percent during the first two months of $2009.$ However,

Harley has continued to remain profitable throughout the economic crisis, although its

second quarter $2009$ profits declined $91$ percent. For that quarter, Harley$$s U$.$S$.$ sales fell

$35$ percent while non$-$U$.$S$.$ sales dropped $18$ percent.