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Following the resolution of the tariff disputes between the EU and USA , Web Bike World ( citing Business Times ) reports that a new US-UK Trade Deal ( designed to " counter China ' s Unfair Trade Practices ") will remove tariffs from H-D motorcycles and protect US / UK steel and aluminum .

The AMA is opposing a planned E15 waiver that would allow for summertime E15 gasoline sales and potentially weaken already inadequate labeling standards . " E15 has been shown to damage carbureted and fuel-injected motorcycles , reduce gas mileage and decrease shelf life of the gasoline ," said AMA Director of Government Relations Michael Sayre .

With production at its Russian plant on hold , historic motorcycle and sidecar specialist IMZ-URAL has announced that it is to set up production at Petropavlovsk in Kazakhstan - some 400 miles southeast of its Irbit HQ .

Royal Enfield , a motorcycle manufacturer with a history dating back more than 120 years , has been named Presenting Sponsor of 2022 AMA Vintage Motorcycle Days for the second year running . AMA Motorcycle Hall of Famer and 500 cc World Champ Kevin Schwantz has been handed Grand Marshal duties for this year .

Suzuki is to stop racing " temporarily ," leaving the MotoGP grid at the end of the 2022 season , with no mention of motorcycles in a ' Mid-Term ' management plan .

Mission Foods has continued its impressive spend on powersports race sponsorship , signing a threeyear deal as the title sponsor of the AMA Flat Track Grand Championship . The 2022 AMA Flat Track Grand Championship ( FTGC ) will be staged at the Du Quoin State Fairgrounds in Du Quoin , Ill ., July 7-13 .

BMW reports " strong " Q1 Motorcycles Segment increases in deliveries and revenues . A total of 47,403 BMW motorcycles and scooters were delivered to customers - up + 11.3 % on the year-ago ; revenues were + 6.1 % (€ 799 /$ 842m ). Segment EBIT totalled € 108m at a 13.5 % margin .

Having signed with Tucker Powersports for domestic U . S . distribution , Erik Buell ' s FUELL e- bikes are to be sold to dealers in Canada by Velocity Distribution of St-Michel , QC .

<<< Continued from cover significant decrease in the allowance for credit losses . In Q1 2022 , retail credit losses begin to normalize to historical levels resulting in a higher provision for credit losses , partially offset by lower interest expense . Total quarter ending finance receivables was $ 6.8B , which is + 1 % versus prior year ." Harley reports generating $ 139m of cash from operating activities during Q1 2022 . Cash and cash equivalents were $ 1.4bn at the end of the first quarter , down $ 927m compared to the end of the prior year first quarter " as the company continues to normalize cash balances back towards historical levels ." The company paid cash dividends of $ 0.1575 per share in Q1 2022 . For the full year 2022 , the company " reaffirms its initial guidance and continues to expect HDMC revenue growth of + 5 to + 10 %; HDMC operating income margin of 11 to 12 %; HDFS operating income to decline by 20 to 25 % and capital investments of $ 190m to $ 220m . " The outlook assumes that logistics and manufacturing moderately improve in the back-half of the year as we get beyond the peak levels of inflation experienced in 2021 and the semi-conductor supply stabilizes ; the company now expects raw material inflation to continue through the

Held May 10 at the Harley Museum in Milwaukee , Chairman , CEO and President Jochen Zeitz restated the forecast results contained in its 2022 Q1 results posting and addressed the Hardwire Strategic Plan progress to date , issuing updated guidance beyond 2022 . " We have a clearly defined vision and strategy that we believe will capture profitable growth opportunities . Despite the macro challenges , we are already seeing the proof points of The Hardwire , and now we are taking it to the next level . " In motorcycling , when you want to get more out of an engine , you upgrade it by adding a Stage II kit , that is what we are doing with our Hardwire strategy , tuning the engine of our business for improved acceleration and increased performance ." Zeitz reaffirmed the 2022 outlook , reiterating its initial full year guidance , with Harley continuing to expect HDMC revenue growth of 5 to 10 %; operating income margin of 11 to

Harley-Davidson sales revenue and production data … 1st quarter 2022

Income statements in THREE MONTHS ENDED $ 1,000s ( except share ) MARCH 2022 MARCH 2021

RETAIL SALES OF H-D MOTORCYCLES :

balance of the fiscal year . The company ' s cash allocation priorities are to fund growth through The

Jochen Zeitz : " We have a clearly defined vision and strategy that we believe will capture profitable growth opportunities . Despite the macro challenges , we are already seeing the proof points of The Hardwire , and now we are taking it to the next level ."

12 %; HDFS operating income to decline by 20 to 25 % and Capital investments of $ 190m to $ 220m .

The " Hardwire Stage II " financial targets 2021- 2025E include :

• HDMC revenue growth ( CAGR / Compound Annual Growth Rate ) from 2021 to 2025E of between + 5 % to + 7 %

• Operating margin of 15 % by 2025

Hardwire initiatives , pay dividends and execute discretionary share repurchases ."

• HDFS operating income growth ( CAGR ) from 2021 to 2025E of -3 % to -5 %

• Operating income growth from 2022E to 2025E of + 3 % to + 5 %

This HDMC revenue 2021-2025E guidance excludes LiveWire One branded motorcycles and includes H-D branded Motorcycles , Parts , Accessories , Apparel , Licensing and Experiences .

In addition , the " Hardwire Stage II " includes consolidated financial targets at Harley- Davidson , Inc . ( HDI ) for 2021-2025E of :

• Revenue CAGR for combined HDMC & LiveWire : + 9 % to + 11 %

• Operating margin for combined HDMC & LiveWire : 12 % by 2025

• Capital expenditures for HDMC & LiveWire : $ 250 - $ 300m per year

• Targeting $ 400m of cost productivity for HDMC by 2025

8 AFTERMARKET MOTO DESIGN - JUNE 2022 www . AMDchampionship . com