Harley Davidson stalls electric motorcycle production after quality check

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Harley Davidson stalls electric motorcycle production after quality check

On Monday, the 14th of October 2019, the century-old American motorcycle manufacturer, founded and headquartered in Milwaukee, Wisconsin, Harley-Davidson Inc., shortly dubbed as Harley, had issued a statement saying that the long-hailed US-based motorcycle manufacturer, which had survived a number of financial depressions since 1903, had decided to halt production lines of its first electric motorcycle followed by discovering a potential glitch during a final quality check.

Aside from that, the Milwaukee-based motorcycle manufacturer had also added in its statement that the company had found out a "non-standard condition" with its electric motorcycle, LiveWire, priced at $29,799 and had been available for pre-order in the United States since January this year.

Although, the company had stated in its Monday's (October 14th) statement that the company's latest testings had responded "well", yet it failed to mentioned an exact time-frame on when the company would be able to reestablish its production line and deliveries of its LiveWire.

Followed by the reveal of the news earlier on US trading hours, NYSE-listed share prices of Harley-Davidson tumbled as much as 1.17 per cent to $34.69 per share during midday US trading session, however, recovered at the later of the day to wrap up Monday's (October 14th) market 0.31 per cent higher to $35.21 a share.