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Harley-Davidson Inc. reported better-than-expected first-quarter profit and raised a key sales outlook for the year, offsetting the disclosure that it’s facing a potentially damaging tariff fight with the European Union.
Shares of the Milwaukee-based motorcycle maker soared 11% to $44.88 at 11:06 a.m in New York. Harley generated adjusted earnings of $1.68 a share in the first three months, almost twice as much as analysts had expected, it said Monday in a statement.
Chief Executive Officer Jochen Zeitz, who took the helm of the troubled manufacturer last February, has slashed costs and trimmed the product portfolio, and he’s investing more in Harley’s core heavyweight-bike segment. Those cost cuts, combined with a revival of demand in its core U.S. market, powered earnings in the first quarter, the company said.
By Stefan Nicola and Elisabeth Behrmann
(Bloomberg) – Tesla Inc. slammed Germany’s lengthy approval process for the car factory its building near Berlin, saying the country should cut red tape to speed up projects that help fight climate change.
It’s “particularly irritating” that there’s still no clear timeline for final approval of the plant 16 months after Tesla filed its application, the company said in a letter obtained by Bloomberg News. Tesla has almost finished constructing the facility and aims to start production in July.
Tesla has “learned firsthand that obstacles in Germany’s approval processes are slowing down the necessary industrial transformation,” the company said in the letter addressed to a regional court in Berlin. “This discourages necessary investments in clean-energy projects and infrastructure and makes it practically impossible for Germany to achieve its climate goals.”
Dumnealui Nicolae Ştefanu de la Ianina ridică biserică pentru românii din Brașovul Vechi evz.ro - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from evz.ro Daily Mail and Mail on Sunday newspapers.