FILE PHOTO: Harley-Davidson, Inc. the logo can be seen at the Paris auto show in Paris, France, on October 4, 2018. REUTERS/Benoit Tessier
CHICAGO (Reuters) – Harley-Davidson Inc. (HOG.N) said on Monday it has stopped production and delivery of its first electric vehicle-after the discovery of a defect in the quality of the audit.
The motorcycle maker is said to be, it has been discovered that there is a “non-standard” with the LiveWire, which it began shipping to dealers at the end of the month, which further testing and analysis.
Whereas, the company said that the testing is progressing “very well,” and gave a timeline as to when production will resume.
Harley’s shares have turned lower on the news, and were last trading down 1% at $34.73.
The company is betting on the electric motor for the recruitment of the next generation of younger, more environmentally-conscious drivers to turn around falling sales in the united states.
LiveWire is priced at $29,799 – is now available for pre-order in the United States of america in January. The bulk of the orders for the bike came from current and former riders, our dealers, told Reuters.
Reporting by Rajesh Kumar Singh in Chicago and Rachit Vats, in the city of Bangalore; Editing by Steve Orlofsky