Harley-Davidson suspends Russia operations, bike shipments

Volvo and General Motors are also suspending vehicle exports to Russia.

Harley-Davidson is suspending its business in Russia and all bike shipments to the country in response to the ongoing conflict with Ukraine. 

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"In light of the crisis in Ukraine, Harley-Davidson has suspended its business in Russia and all shipments of its bikes to the country," a spokesperson for the motorcycle manufacturer told FOX Business in a statement Tuesday. "Our thoughts continue for the safety of the people of Ukraine and those impacted by the crisis."

Ticker Security Last Change Change %
HOG HARLEY-DAVIDSON INC. 36.34 +1.01 +2.86%

While Harley-Davidson does not provide specific motorcycle sales figures by country, its Europe, Middle East and Africa region, which includes Russia, accounted for 31% of 2021 motorcycle sales and 36.9% of 2020 sales.  

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In addition to Harley-Davidson, Volvo and General Motors are suspending vehicle exports to Russia.

Ticker Security Last Change Change %
GM GENERAL MOTORS CO. 38.57 +1.15 +3.07%
VLVLY VOLVO AB 17.66 +0.34 +1.96%
DMLRY MERCEDES-BENZ GROUP AG 17.6672 +0.18 +1.01%

Meanwhile, Daimler Truck owner Mercedes-Benz Group said it is looking at legal avenues to divest the 15% stake it holds in Russian truck maker Kamaz, Reuters reported.