Harley-Davidson Announces Safety Recall and Related Customer Care Plan
MILWAUKEE, Nov. 22, 2005 -- Harley-Davidson Motor Company has issued a voluntary safety recall on 2006 model year Dyna series motorcycles built between June 9 and October 19, 2005. Approximately 13,400 motorcycles are included in the recall. The transmissions in the affected motorcycles have a defect which under certain circumstances may allow them to go into a false neutral position even though the neutral indicator light is illuminated.
As part of its Initial Care Program for 2006 Dyna motorcycles, the Company will provide owners with free pick-up and delivery, if desired. This service will commence and recall kits will be available at dealerships beginning the week of December 12, 2005.
The Company estimates that the costs associated with this voluntary recall will be less than $5.0 million and it will reserve these costs in the fourth quarter of this year. The Company also expects to meet its previously- announced wholesale shipment target for 2005.
Harley-Davidson Motor Company, the only major U.S.-based motorcycle manufacturer, produces heavyweight motorcycles and offers a complete line of motorcycle parts, accessories, apparel, and general merchandise. Buell Motorcycle Company produces sport motorcycles. Harley-Davidson Financial Services provides wholesale and retail financing and insurance programs to Harley-Davidson dealers and customers.