American Motorcycle Dealer AMD 239 June 2019 | Page 64

NEWS BRIEFS Harley has approved a cash dividend of $0.375 per share for the second quarter of 2019. The dividend is payable June 14, 2019 to the shareholders of record of the company's common stock as of May 30, 2019. Indian Motorcycle said that its FTR 1200 and FTR 1200 S were due to begin arriving at dealers in the U.S. and Canada in mid- May. All factory accessories, including the Tracker, Sport, Rally and Tour Collections, will also be available as motorcycles arrive in dealerships. In further FTR 1200/S news, Indian Motorcycle has confirmed that FTR assembly will commence for European dealers at their Poland factory by the end of 2019; European spec CKD 'Scout' kits from the Spirit Lake, Iowa factory are already being assembled there. Workers at Harley's Menomonee Falls and Tomahawk plants in Wisconsin have agreed what the company said was its final new contract labor offer. The deal will see the workers concerned receive 14% raises over the next 5 years, with a new average assembly worker wage of $33 per hour for those in the Milwaukee area and $25 hourly for Tomahawk employees. Harley has also promised to invest $65 million into the Menomonee Falls factory and $10 million into the Tomahawk facility. The expiring agreement was negotiated in 2010 and implemented in 2012 and included a seven-year wage freeze. That deal was a by- product of then CEO Keith Wandell's hard-ball play book response to the financial crisis. 64 Tim Brown Adds H-D Charlotte NC Harley-Davidson of Charlotte in Matthews, North Carolina, has been sold from Ken Lipack to Tim Brown. Established in the early 1920s, the dealership underwent many ownership changes and relocations until it was acquired in 1993 by Ken and Ron Lipack - a past elected member and President of Harley-Davidson’s Dealer Advisory Council. Tim Brown bought H-D Charlotte to expand and grow his group and footprint in the Southeast. In addition to several automotive dealerships, Brown also owns Harley-Davidson of Greenville, South Carolina. "As a long- time car guy and a long-time partner with Billy Weaver of Harley-Davidson of Greenville, SC before buying him out, I really wanted to buy another Harley- Davidson dealership, even though it was a very emotional sale for the Lipack family." The dealership will operate under a new name, Independence Harley- Davidson, but will remain located at 9205 East Independence Boulevard in Matthews, North Carolina. "What's the Skinny" - Motorcycling Without The Fat The theme for this year's Michael Lichter 'Motorcycles as Art' exhibit at the Buffalo Chip during Sturgis (August 3 - Aug 9, 2-10 p.m.) is to be "What's the Skinny" - a 'Less Is More' one- time collection of world-class 'Light and Lean' custom motorcycles built by industry leaders whose past work been influenced by the "skinny" aesthetic. "What happens when you thin the herd of the custom motorcycling world and gather the builders known best for creating the lightest, leanest and meanest machines on two wheels? You'll find out when you experience the stunning collection of masterpieces curated by Michael Lichter for the Sturgis Buffalo Chip's 2019 Motorcycles As Art Exhibition. AMERICAN MOTORCYCLE DEALER - JUNE 2019 "During the exhibit's 11th year at the Buffalo Chip, you'll get to know the works of a diverse group of over 40 custom builders and artists hand selected by exhibit curator Michael Lichter - showing just how much inspiration, detail and engineering mastery can be crammed into a wiry frame in a world-class gallery setting. "There are no rules restricting the builders on type and size of tires, how much the primary can stick out or an absolute maximum width for the fuel tank and handlebars. Lichter based each builder's inclusion solely on past bikes they have built. The bikes they build are limited only by their imagination and ingenuity. The majority of the bikes in the display will be built specifically for this show." www.AMDchampionship.com