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Harley-Davidson Quarter Profits up 3%

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MILWAUKEE, US – Motorcycle maker Harley-Davidson Inc. said yesterday it is incorporating a new engine and sound into some of its bikes as it announced its second-quarter profit grew 3%, driven by double-digit growth in international sales.
“The look, sound and feel of a Harley-Davidson starts with the V-Twin engine,” said Jim Ziemer, the company’s president and CEO.

Harley-Davidson Quarter Profits up 3%

MILWAUKEE, US – Motorcycle maker Harley-Davidson Inc. said yesterday it is incorporating a new engine and sound into some of its bikes as it announced its second-quarter profit grew 3%, driven by double-digit growth in international sales.

"The look, sound and feel of a Harley-Davidson starts with the V-Twin engine," said Jim Ziemer, the company’s president and CEO.
It’s the first engine overhaul since 1999, when the company introduced the Twin Cam 88. Ziemer said the new Twin Cam 96 will provide a new noise for the iconic motorcycles.
 
"We’ve retuned the mufflers with the new engines," Ziemer said. "It’s not noisier, it’s a better sound, a more quality sound. You can hear it … it’s a sweet sound."  Earnings rose to US$243.4 million US, or 91 cents per share, for the three months ending June 25, compared to US$237.4 million, or 84 cents per share, during the same period last year. Revenue grew 3% to US$1.38 billion US from US$1.33 billion last year. The company said U.S. retail motorcycle sales grew 8.1%, while international sales jumped 17.3%.

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