U.S. Markets close in 5 hrs 18 mins
  • S&P 500

    4,232.03
    +30.41 (+0.72%)
     
  • Dow 30

    34,685.82
    +137.29 (+0.40%)
     
  • Nasdaq

    13,815.66
    +182.82 (+1.34%)
     
  • Russell 2000

    2,262.21
    +20.79 (+0.93%)
     
  • Crude Oil

    64.40
    -0.31 (-0.48%)
     
  • Gold

    1,837.50
    +21.80 (+1.20%)
     
  • Silver

    27.38
    -0.10 (-0.35%)
     
  • EUR/USD

    1.2149
    +0.0081 (+0.6682%)
     
  • 10-Yr Bond

    1.5330
    -0.0280 (-1.79%)
     
  • Vix

    17.65
    -0.74 (-4.02%)
     
  • GBP/USD

    1.3973
    +0.0081 (+0.5827%)
     
  • USD/JPY

    108.6230
    -0.4620 (-0.4235%)
     
  • BTC-USD

    57,357.12
    +68.39 (+0.12%)
     
  • CMC Crypto 200

    1,514.03
    +78.24 (+5.45%)
     
  • FTSE 100

    7,127.68
    +51.51 (+0.73%)
     
  • Nikkei 225

    29,357.82
    +26.45 (+0.09%)
     

Harley-Davidson Pauses Production Of Electric Motorcycle

  • Oops!
    Something went wrong.
    Please try again later.
Tanzeel Akhtar
  • Oops!
    Something went wrong.
    Please try again later.

Harley-Davidson (NYSE: HOG) has stopped production and deliveries of its first electric motorcycle, LiveWire, after discovering a problems relating to the vehicles’ charging equipment — a major setback for a product the company is counting on to increase sales, reports The Wall Street Journal.

The company unveiled LiveWire in July, which was expected to be made available this year. The company said U.S. LiveWire customers would receive free charging on ChargePoint stations at participating LiveWire dealers for the first two years.

The motorcycle was described as “an exhilarating and evocative new model designed to offer the rider a high-performance motorcycling experience infused with a new level of technology, and the premium look and feel of a Harley-Davidson product.”

Harley-Davidson shares were trading up 0.23% at $35.21 at time of publication. The stock has a 52-week high of $43.69 and a 52-week low of $30.17.

Related Links:

Harley-Davidson Sets New Sights On Coming Decade, Wants 4M Riders In US By 2027

Harley-Davidson Reports Mixed Q2 Earnings

Photo courtesy of Harley-Davidson.

See more from Benzinga

© 2019 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.