Harley Davidson stock plunges on weak sales forecast, layoffs ahead

Harley-Davidson gets a serious presidential shout-outHarley-Davidson shares plunged Tuesday when the iconic U.S. motorcycle maker warned about a steep drop in sales this year.The weak sales will mean a cut in production and some job cuts, although the company would not detail how many positions would be affected. Harley had 5,400 workers in its motorcycle division at the start of the year, nearly half of which are U.S. unionized hourly workers.The post Harley Davidson stock plunges on weak sales