Speaking to the Milwaukee Journal-Sentinel in April, after Harley borrowed $2.3 billion in aid from the Federal Reserve, but before that loan was disclosed, CEO Keith Wandell stated that his chief objective was to avoid emulating General Motors. With government aid, the car maker has transitioned from being the unprofitable maker of outdated products that no one wanted to turning a $2.0 billion third quarter 2010 net profit just before becoming the largest IPO in history. Wandell’s plan appears to be working, Harley’s net income for Q3 2010 of just $88.8 million compares extremely unfavorably to its $312.73 million result during the same period in 2006.
You won't believe what you paid for GM bailout
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