Buell Motorcycle Company Announces Voluntary Recalls
16 June 2000Buell Motorcycle Company Announces Voluntary Recalls
MILWAUKEE - Buell Motorcycle Company, a producer of sport and sport-touring motorcycles and a subsidiary of Harley-Davidson, Inc. , announced today that it has voluntarily recalled certain Buell motorcycle models produced for the 1999 and 2000 model years. The recall relates to the shock absorber on the 1999 & 2000 Cyclone M2, the 2000 Lightning X1 and the 2000 Thunderbolt S3/T. Approximately 11,000 units are affected. Buell Motorcycle Company will establish a pretax reserve of approximately $3 million, which it will charge to second quarter operations, to cover the estimated costs associated with the voluntary recall. At this time, the Buell Motorcycle Company is not adjusting its production target of 10,000 motorcycles for 2000.