Monday, Mar. 30, 1987
Business Notes MANUFACTURING
The Harley-Davidson motorcycle, the beast of the roads, is again growling at the head of the pack. Four years ago, the sole remaining U.S. motorcycle manufacturer was skidding toward bankruptcy and was saved only because the Government slapped a steep tariff on big Japanese bikes. After a swift comeback, the Milwaukee-based firm was able last week to make an unprecedented move: it asked the Administration to drop the tariff. "When we needed help, the Government gave it to us, but we didn't need it anymore," said Vaughn L. Beals, Harley-Davidson's chairman.
Harley, whose heavyweight cycles are known as "hogs," has refinanced the company, modernized its plants and acquired a maker of recreational vehicles. Profits last year reached $4.3 million, compared with a loss of $25.1 million in 1982. Says Beals: "A bunch of American workers have shown that they can get their act together."