Agreement With Lehman Trikes
Companies Will Develop Harley-Davidson Trikes
MILWAUKEE, Sept. 1 -- Harley-Davidson Motor Company today announced that it has entered into an agreement with Lehman Trikes U.S.A., Inc. of Spearfish, S.D., for the development of three-wheeled vehicles, commonly referred to as "trikes."
Plans call for trikes to be developed around a Harley-Davidson(R) motorcycle product platform and sold as original equipment branded Harley-Davidson vehicles through authorized Harley-Davidson dealers. The Company has not announced the timing or other details of the product introduction.
"Trikes are another way we can inspire the dream of owning a Harley-Davidson," said Harley-Davidson Vice President Ron Hutchinson. "Harley-Davidson continues to aggressively develop new products. We expect trikes to expand the appeal of our products to those who prefer either the styling or experience of three-wheeled riding," Hutchinson said.
Lehman Trikes U.S.A. is a subsidiary of Lehman Trikes, Inc. of Canada, a recognized leader in the trike business for more than 20 years.
Harley-Davidson, Inc. is the parent company for the group of companies doing business as Harley-Davidson Motor Company, Buell Motorcycle Company and Harley-Davidson Financial Services. 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 their retail customers.