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Okay. Now it's getting serious................
MILWAUKEE -- Harley-Davidson Inc., which has been slowing down for the past few years, has hit a serious rough patch as even its upwardly mobile customer base thinks twice about dropping thousands of dollars on a classic motorcycle.
The maker of one of America's most iconic rides said today that it will cut its work force by 8% and trim bike shipments by the thousands with domestic sales falling nearly 13% in the first quarter.
Chief Executive Jim Ziemer said Harley-Davidson has had temporary production cuts over the past four years, but the hundreds of layoffs announced Thursday are the first of that magnitude in two decades......