Harley-Davidson, Inc. To Vigorously Defend Its Position Following Aggressive EU Tariff Ruling
Harley-Davidson will be lodging an immediate legal challenge to this decision.
Since 2019, the company has operated with BOI regulatory credentials, allowing it to supply its E.U. markets with certain motorcycles produced at its international manufacturing facilities at tariff rates of 6%.
The E.U.'s new ruling will apply to the entire Harley-Davidson product portfolio and will effectively prohibit the company from functioning competitively in
European OEMs, including motorcycle manufacturers, will continue operations with significantly lower import tariffs to the
Notes to Editors – BOI Context
Notification was received from The Director General of Economic Analysis and International Economy, Federal Public Service Economy (the
In 2018, the
Harley-Davidson remains committed to free and fair trade and is focused on ensuring it remains globally competitive, in the interests of its stakeholders and is committed to ensuring its customers around the world have access to its products.
Cautionary Note Regarding Forward-Looking Statements
The Company intends that certain matters discussed in this press release are "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such because the context of the statement will include words such as the Company "believes," "anticipates," "expects," "plans," or "estimates," or words of similar meaning. Similarly, statements that describe future plans, objectives, outlooks, targets, guidance, or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially, unfavorably, or favorably from those anticipated as of the date of this press release. Such risks and uncertainties include the following, among other factors: (i) uncertainties regarding the quantity and mix of motorcycles that the Company imports into the EU; (ii) uncertainties regarding the import prices of motorcycles; (iii) whether the Company will be granted temporary relief from the effect of the revocation of the BOI decisions; (iv) whether the Company will be successful in appealing the revocation of the BOI decisions; (v) uncertainties regarding the size and duration of the EU tariffs; (vi) uncertainties regarding the number of shipments that have commenced but are not physically in the EU at the effective time of revocation; and (vi) whether and to what extent the Company determines to attempt to pass on the impact of the revocation to dealers and its success in doing so. Shareholders, potential advisors, and other readers are urged to consider these factors in evaluating the forward-looking statements and cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements included in this press release are only made as of the date of this press release and the Company disclaims any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
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