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Harley Davidson Shares Slump More Than 10% After Company Suspends Production For 2 Weeks

• Zero Hedge

The chaos in the automotive sector continues...

Shares of motorcycle manufacturer Harley-Davidson are set to plunge more than 10% on Thursday morning, after the company announced it would be suspending vehicle assembly and shipments for two weeks.

The decision to suspend assembly was "taken out of an abundance of caution", the company stated.

A third party supplier to the company warned Harley-Davidson of a "regulatory compliance matter relating to the supplier's component part," the company said in a Thursday morning press release

Though it isn't immediately clear whether or not the suspension has a chance of becoming longer-term, it is yet another wrench in the gears of the automotive supply chain, coming at the worst possible time, with markets on edge thanks to hawkish Fed policy.


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