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News Article
Harley-Davidson Announces Safety Recall and Related Customer
Care Plan
MILWAUKEE, Nov. 22 /PRNewswire-FirstCall/ -- Harley-Davidson
Motor Company (NYSE: HDI - News) has issued a voluntary safety recall on
2006 model year Dyna series motorcycles built between June 9 and October
19, 2005. Approximately 13,400 motorcycles are included in the recall. The
transmissions in the affected motorcycles have a defect which under certain
circumstances may allow them to go into a false neutral position even though
the neutral indicator light is illuminated.
As part of its Initial Care Program for 2006 Dyna motorcycles, the Company
will provide owners with free pick-up and delivery, if desired. This service
will commence and recall kits will be available at dealerships beginning
the week of December 12, 2005.
The Company estimates that the costs associated with this
voluntary recall will be less than $5.0 million and it will reserve these
costs in the fourth quarter of this year. The Company also expects to meet
its previously- announced wholesale shipment target for 2005.
Harley-Davidson Motor Company, the only major U.S.-based motorcycle
manufacturer, produces heavyweight motorcycles and offers a complete line
of motorcycle parts, accessories, apparel, and general merchandise. Buell
Motorcycle Company produces sport motorcycles. Harley-Davidson Financial
Services provides wholesale and retail financing and insurance programs
to Harley-Davidson dealers and customers
Source: Harley-Davidson Motor Company
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