HARLEY DAVIDSON Inc (NYSE:HOG), LAUNCHED its first electric MOTORCYCLE | LATEST NEWS.
- Duration: 1:52
- Updated: 19 Oct 2014
Harley-Davidson Inc (NYSE:HOG), launched its first electric motorcycle
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Harley-Davidson, Inc. manufactures cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products and Financial Services.
Yesterday, Harley-Davidson Inc (NYSE:HOG), stock was a bullish and escalated 0.33%, while closed at $ 70.14.
The Company recently informed that it has introduced its first electric motorcycle, a sleek, futuristic bike that sounds like a jet airplane taking off and can go from 0 to 60 mph in less than four seconds.
The bike isn't in production yet. Instead, the public will get its first look at handmade demonstration models at an invitation-only event Monday in New York. The company will then take the models on the road for riders to try and provide feedback. Harley will use the information to refine the bike, which might not hit the market for several more years.
The venture is a risk for Harley because there's currently almost no market for full-size electric motorcycles. The millions of two-wheeled electric vehicles sold each year are almost exclusively scooters and low-powered bikes that appeal to Chinese commuters. But those focused on electric vehicle development say Harley has the marketing power to create demand, and its efforts to lower costs, build charging stations and improve technology will help everyone involved.
Harley President Matt Levatich revealed that he expects technology to improve and the company is less interested in immediate demand than long-term potential. True growth in electric vehicles also will require common standards for rapid charging and other features, as well as more places for people to plug in. Harley expects to play a role in that, he said, noting that its dealership network could provide charging stations.
The Company stock traded 1.89 million shares in the last business day while the average volume of the stock remained 1.20 million shares. The 52 week range of the stock remained $49.15 to $74.13.The beta of stock was 1.69 and the EPS of the stock remained 3.48.
The Firm also informed that one hurdle Harley and others have yet to address is the limited range offered by electric motorcycles. Batteries typically must be recharged after about 130 miles, and that can take 30 minutes to an hour.
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http://wn.com/HARLEY_DAVIDSON_Inc_(NYSE_HOG),_LAUNCHED_its_first_electric_MOTORCYCLE_|_LATEST_NEWS.
Harley-Davidson Inc (NYSE:HOG), launched its first electric motorcycle
For more Latest and Breaking News Headlines
SUBSCRIBE to https://www.youtube.com/user/BBCWORLDNEWS10
Harley-Davidson, Inc. manufactures cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products and Financial Services.
Yesterday, Harley-Davidson Inc (NYSE:HOG), stock was a bullish and escalated 0.33%, while closed at $ 70.14.
The Company recently informed that it has introduced its first electric motorcycle, a sleek, futuristic bike that sounds like a jet airplane taking off and can go from 0 to 60 mph in less than four seconds.
The bike isn't in production yet. Instead, the public will get its first look at handmade demonstration models at an invitation-only event Monday in New York. The company will then take the models on the road for riders to try and provide feedback. Harley will use the information to refine the bike, which might not hit the market for several more years.
The venture is a risk for Harley because there's currently almost no market for full-size electric motorcycles. The millions of two-wheeled electric vehicles sold each year are almost exclusively scooters and low-powered bikes that appeal to Chinese commuters. But those focused on electric vehicle development say Harley has the marketing power to create demand, and its efforts to lower costs, build charging stations and improve technology will help everyone involved.
Harley President Matt Levatich revealed that he expects technology to improve and the company is less interested in immediate demand than long-term potential. True growth in electric vehicles also will require common standards for rapid charging and other features, as well as more places for people to plug in. Harley expects to play a role in that, he said, noting that its dealership network could provide charging stations.
The Company stock traded 1.89 million shares in the last business day while the average volume of the stock remained 1.20 million shares. The 52 week range of the stock remained $49.15 to $74.13.The beta of stock was 1.69 and the EPS of the stock remained 3.48.
The Firm also informed that one hurdle Harley and others have yet to address is the limited range offered by electric motorcycles. Batteries typically must be recharged after about 130 miles, and that can take 30 minutes to an hour.
TAGS
abc breaking news, bbc, bbc football, bbc iplayer, bbc news, bbc news america, bbc persian, bbc sport, bbc weather, bbc world news, breaking celebrity news, breaking election news, breaking late news, breaking local news, breaking music news, breaking news, breaking news alerts, breaking news canada, breaking news headlines, breaking news in atlanta, breaking news in nigeria, breaking news india, breaking news pensacola florida, breaking news plane crash, breaking news story, breaking sports news, business expensive news home media world, christian world news, cnn, cnn breaking news, cnn money, cnn news, cnn news breaking news, cnn news world, detroit breaking news, global news, headline, headline news, health care technology news, hot latest global news, internet technology news, las vegas breaking news, latest breaking news, latest celebrity news, latest information technology news, latest music news, latest news, latest news headlines, latest news update, latest sports news, live breaking news, local breaking news, local news today, msn breaking news, nbc breaking news, nbc world news, news of the world, news report us world, news today news, news updated daily, solar technology news, sports news today, technology news, the latest news, today news, us news and world, us news and world report, us news and world report magazine, us news and world report web site, us news world report, world news, world news daily, world news headlines
- published: 19 Oct 2014
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