Harley-Davidson Inc. Recalls Motorcycles for Safety Issue
Shares of Harley-Davidson Inc. (HOG) were indicated down about 0.2% in premarket trading on Tuesday following the company's recall of over 65,000 motorcycles. The recall aims to fix rear shock absorbers, which have been found to pose a safety risk.
Potential Risk
According to the U.S. National Highway Traffic Safety Administration, a fastener securing the rear shock absorber may break, allowing the rear shock absorber adjuster to damage the rear tire. This damage could lead to a loss of tire pressure, ultimately resulting in a potential loss of vehicle control and an increased risk of a crash.
Models Affected
The recall applies to certain models manufactured between 2018 and 2022. The affected models include:
- 2018 to 2019 FLDE
- 2018-2021 FLHC
- 2018 to 2023 FLHCS
- 2018 and 2023 FLHCS ANV
- 2020 to 2023 FXLRS
- 2022 to 2023 FXLRST
- 2022 FXRST Softail motorcycles
Market Impact
Year-to-date, Harley-Davidson Inc.'s stock has dropped by 17.8% as of Friday, contrasting with a 17.6% climb for the S&P 500.
Harley-Davidson Inc. is taking proactive measures to address the safety issue and ensure the well-being of its customers.
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