Harley-Davidson Hunkers Down as It Axes Factory-Backed Racing Teams

Harley-Davidson (NYSE: HOG) has a rich history in motorcycle racing that spans over 100 years, but amid falling sales and purposeful spending cuts, it has announced the company is no longer backing a racing team.

While the motorcycle maker will continue to support riders through dealer-sponsored teams, it announced last week, there will no longer be a factory-backed team on the track.

Image source: Harley-Davidson.

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Source Fool.com