HOG on NYSE

Harley-Davidson

Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons4

American motorcycle manufacturer

Harley-Davidson, Inc. (H-D, or simply Harley) is an American motorcycle manufacturer and lifestyle brand headquartered in Milwaukee, Wisconsin.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 16, 2026.

Overview

1903Founded1

Compare with Fox Factory, Leatt Corp or LiveWire, or pick any stock.

  • TickerHOG on NYSE1
  • Industryautomotive industry, mechanical engineering1
  • HeadquartersMilwaukee1
  • Founded inMilwaukee1
  • Websitewww.harley-davidson.com
  • Legal formpublic company1
  • Incorporated inWI5
  • Business address3700 W Juneau Ave, Milwaukee, Wi 532085
  • Filer categoryLarge accelerated filer5
Harley-Davidson Motorcycle Factory Building original site
Photo: Bruxton, CC BY-SA 4.0, via Wikimedia Commons7

Harley-Davidson, Inc. (H-D, or simply Harley) is an American motorcycle manufacturer and lifestyle brand headquartered in Milwaukee, Wisconsin. Founded in 1903, it is one of two major American motorcycle manufacturers to survive the Great Depression along with its historical rival, Indian Motorcycle Company. The company has survived numerous ownership arrangements, subsidiary arrangements, periods of poor economic health and product quality, and intense global competition to become an iconic brand widely known for its loyal following. There are owner clubs and events worldwide, as well as a company-sponsored, brand-focused museum.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

10.7%Operating margin8
9.4%Net margin8
-13.1%Revenue growth, 20258
10.8%Return on equity8
0.53×Debt to equity8
$415.2MFree cash flow8

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

HDMC brought in 99% of the revenue Harley-Davidson broke down this way in fiscal 2025.

  1. HDMC$3.6B899%down 13% from 2024
  2. Livewire$25.7M81%down 3% from 2024
Business segments by year
Business segments202320242025
HDMC$4.8B$4.1B$3.6B
Livewire$38.3M$26.4M$25.7M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue63¢$2.7B
  • Selling, general and admin26¢$1.1B
  • Income tax3¢$129.6M
  • Profit8¢$338.7M

Out of $3.6B in revenue.8

Where each dollar of operating cash went, fiscal 2025

  • Capital spending26¢$153.7M
  • Dividends paid15¢$86.4M
  • Share buybacks60¢$353.3M

Out of $568.9M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.8

Financial statements

Revenue91011128$3.6B in 2025−33% since 2019
0$2.0B$4.0B$6.0B2019: $5.4B$5.4B20192020: $3.3B$3.3B2020−39%2021: $4.5B$4.5B2021+39%2022: $4.9B$4.9B2022+9%2023: $4.9B$4.9B2023−1%2024: $4.1B$4.1B2024−15%2025: $3.6B$3.6B2025−13%
Operating income91011128$386.6M in 2025−30% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $555.6M$555.6M20192020: $9.7M$9.7M2020−98%2021: $823.4M$823.4M2021+8407%2022: $909.3M$909.3M2022+10%2023: $779.1M$779.1M2023−14%2024: $416.6M$416.6M2024−47%2025: $386.6M$386.6M2025−7%
Net income91011128$338.7M in 2025−20% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $423.6M$423.6M20192020: $1.3M$1.3M2020−100%2021: $650.0M$650.0M2021+49979%2022: $741.4M$741.4M2022+14%2023: $706.6M$706.6M2023−5%2024: $455.4M$455.4M2024−36%2025: $338.7M$338.7M2025−26%

Every line of the income statement in the latest annual report, as filed.8

Period ending2025-12-312024-12-312023-12-31
Motorcycles and related products$3.6B$4.1B$4.9B
Financial services$869.2M$1.0B$953.6M
Total revenue$4.5B$5.2B$5.8B
Motorcycles and related products cost of goods sold$2.7B$3.0B$3.3B
Financial services interest expense$388.6M$371.8M$332.4M
Financial services provision for credit losses-$191.4M$247.2M$227.2M
Selling, administrative and engineering expense$1.1B$1.1B$1.2B
Total costs and expenses$4.1B$4.8B$5.1B
Operating income$386.6M$416.6M$779.1M
Other income, net$61.3M$72.3M$71.8M
Investment income$44.3M$59.0M$46.8M
Interest expense$33.4M$30.7M$30.8M
Income before income taxes$458.7M$517.1M$866.9M
Income tax provision$129.6M$72.0M$171.8M
Net income$329.2M$445.2M$695.0M
Less: Loss attributable to noncontrolling interests$9.6M$10.2M$11.5M
Net income attributable to Harley-Davidson, Inc.$338.7M$455.4M$706.6M
Basic (in dollars per share)$2.82$3.46$4.96
Diluted (in dollars per share)$2.78$3.44$4.87
Cash dividends per share (in dollars per share)$0.72$0.69$0.66

Compare Harley-Davidson with another company

The story

Founded by Arthur Davidson and William S. Harley in 1903, in Milwaukee.1

In 1901, 20-year-old William S. Harley drew up plans for a small engine with a displacement of 7.07 cubic inches (116 cc) and four-inch (102 mm) flywheels designed for use in a regular pedal-bicycle frame. Over the next two years, he and his childhood friend Arthur Davidson worked on their motor-bicycle using the northside Milwaukee machine shop at the home of their friend Henry Melk. It was finished in 1903 with the help of Arthur's brother Walter Davidson. Upon testing their power-cycle, Harley and the Davidson brothers found it unable to climb the hills around Milwaukee without pedal assistance, and they wrote off their first motor-bicycle as a valuable learning experiment.

The three began work on a new and improved machine with an engine of 24.74 cubic inches (405 cc) with 9.75 in (24.8 cm) flywheels weighing 28 lb (13 kg). Its advanced loop-frame pattern was similar to the 1903 Milwaukee Merkel motorcycle designed by Joseph Merkel, later of Flying Merkel fame. The bigger engine and loop-frame design took it out of the motorized bicycle category and marked the path to future motorcycle designs. They also received help with their bigger engine from outboard motor pioneer Ole Evinrude, who was then building gas engines of his own design for automotive use on Milwaukee's Lake Street.

The prototype of the new loop-frame Harley-Davidson was assembled in a 10 ft × 15 ft (3.0 m × 4.6 m) shed in the Davidson family backyard. Most of the major parts, however, were made elsewhere, including some probably fabricated at the West Milwaukee railshops where oldest brother William A. Davidson was toolroom foreman. This prototype machine was functional by September 8, 1904, when it competed in a Milwaukee motorcycle race held at State Fair Park. Edward Hildebrand rode it and placed fourth in the race.

In January 1905, the company placed small advertisements in the Automobile and Cycle Trade Journal offering bare Harley-Davidson engines to the do-it-yourself trade. By April, they were producing complete motorcycles on a very limited basis. That year, Harley-Davidson dealer Carl H. Lang of Chicago sold three bikes from the five built in the Davidson backyard shed. Years later, the company moved the original shed to the Juneau Avenue factory where it stood for many decades as a tribute.

In 1906, Harley and the Davidson brothers built their first factory on Chestnut Street (later Juneau Avenue), at the current location of Harley-Davidson's corporate headquarters. The first Juneau Avenue plant was a 40 ft × 60 ft (12 m × 18 m) single-story wooden structure. The company produced about 50 motorcycles that year.

In 1907, William S. Harley graduated from the University of Wisconsin–Madison with a degree in mechanical engineering. That year, they expanded the factory with a second floor and later with facings and additions of Milwaukee pale yellow ("cream") brick. With the new facilities, production increased to 150 motorcycles in 1907. The company was officially incorporated that September. They also began selling their motorcycles to police departments around this time, a market that has been important to them ever since. In 1907, William A. Davidson quit his job as tool foreman for the Milwaukee Road railroad and joined the Motor Company.

Production in 1905 and 1906 were all single-cylinder models with 26.84-cubic-inch (440 cc) engines. In February 1907, they displayed a prototype model at the Chicago Automobile Show with a 45-degree V-Twin engine. Very few V-Twin models were built between 1907 and 1910. These first V-Twins displaced 53.68 cubic inches (880 cc) and produced about 7 horsepower (5.2 kW). This gave about double the power of the first singles, and top speed was about 60 mph (100 km/h). Production jumped from 450 motorcycles in 1908 to 1,149 machines in 1909.

In 1911, the company introduced an improved V-Twin model with a displacement of 49.48 cubic inches (811 cc) and mechanically operated intake valves, as opposed to the "automatic" intake valves used on earlier V-Twins that opened by engine vacuum. It was smaller than earlier twins but gave better performance. After 1913, the majority of bikes produced by Harley-Davidson were V-Twin models.

Read the full text

In 1912, Harley-Davidson introduced their patented "Ful-Floteing Seat", which was suspended by a coil spring inside the seat tube. The spring tension could be adjusted to suit the rider's weight, and more than 3 inches (76 mm) of travel was available. Harley-Davidson used seats of this type until 1958.

By 1913, the yellow brick factory had been demolished and a new five-story structure had been built on the site which took up two blocks along Juneau Avenue and around the corner on 38th Street. Despite the competition, Harley-Davidson was already pulling ahead of Indian and dominated motorcycle racing after 1914. Production that year swelled to 16,284 machines.

World War I

In 1917, the United States entered World War I and the military demanded motorcycles for the war effort. Harleys had already been used by the military in the Pancho Villa Expedition but World War I was the first time that it was adopted for military issue, first with the British Model H produced by Triumph Engineering Co Ltd in 1915. The U.S. military purchased over 20,000 motorcycles from Harley-Davidson.

Harley-Davidson launched a line of bicycles in 1917 in hopes of recruiting more domestic customers for its motorcycles. Models included the traditional diamond frame men's bicycle, a step-through frame 3–18 "Ladies Standard", and a 5–17 "Boy Scout" for youth. The effort was discontinued in 1923 because of disappointing sales. The bicycles were built for Harley-Davidson in Dayton, Ohio by the Davis Machine Company from 1917 to 1921, when Davis stopped manufacturing bicycles.

1920s

By 1920 Harley-Davidson was the largest motorcycle manufacturer in the world, with 28,189 machines produced and dealers in 67 countries. In 1921, Otto Walker set a record on a Harley-Davidson as the first motorcycle to win a race at an average speed greater than 100 mph (160 km/h).

Harley-Davidson put several improvements in place during the 1920s, such as a new 74 cubic inch (1,212.6 cc) V-Twin introduced in 1921, and the "teardrop" gas tank in 1925. They added a front brake in 1928, although only on the J/JD models. In the late summer of 1929, Harley-Davidson introduced its 45-cubic-inch (737 cc) flathead V-Twin to compete with the Indian 101 Scout and the Excelsior Super X. This was the "D" model produced from 1929 to 1931. Riders of Indian motorcycles derisively referred to it as the "three cylinder Harley" because the generator was upright and parallel to the front cylinder. In 1929, Vivian Bales drove a record 5,000 miles across the United States and Canada on a D-model.

Great Depression

The Great Depression began a few months after the introduction of their 45 cu in (740 cm3) model. Harley-Davidson's sales fell from 21,000 in 1929 to 3,703 in 1933. Despite this, Harley-Davidson unveiled a new lineup for 1934, which included a flathead engine and Art Deco styling.

In order to survive the remainder of the Depression, the company manufactured industrial powerplants based on their motorcycle engines. They also designed and built a three-wheeled delivery vehicle called the Servi-Car, which remained in production until 1973.

Alfred Rich Child opened a production line in Japan in the mid-1930s with the 74 cu in (1,210 cm3) VL. The Japanese license-holder, Sankyo Seiyaku Corporation, severed its business relations with Harley-Davidson in 1936 and continued manufacturing the VL under the Rikuo name.

An 80 cubic inches (1,300 cm3) flathead engine was added to the line in 1935, by which time the single-cylinder motorcycles had been discontinued.

In 1936, the 61E and 61EL models with the "Knucklehead" OHV engines were introduced. Valvetrain problems in early Knucklehead engines required a redesign halfway through its first year of production and retrofitting of the new valvetrain on earlier engines.

By 1937, all Harley-Davidson flathead engines were equipped with dry-sump oil recirculation systems similar to the one introduced in the "Knucklehead" OHV engine. The revised 74 cubic inches (1,210 cm3) V and VL models were renamed U and UL, the 80 cu in (1,300 cm3) VH and VLH to be renamed UH and ULH, and the 45 cu in (740 cm3) R to be renamed W.

In 1941, the 74-cubic-inch "Knucklehead" was introduced as the F and the FL. The 80 cu in (1,300 cm3) flathead UH and ULH models were discontinued after 1941, while the 74-cubic-inchU & UL flathead models were produced up to 1948.

World War II

One of only two American motorcycle manufacturers to survive the Great Depression (the other being the Indian Motorcycle Manufacturing Company), Harley-Davidson again produced large numbers of motorcycles for the US Army in World War II and resumed civilian production afterwards, producing a range of large V-twin motorcycles that were successful both on racetracks and for private buyers.

Harley-Davidson, on the eve of World War II, was already supplying the Army with a military-specific version of its 45 cubic inches (740 cm3) WL line, called the WLA. The A in this case stood for "Army". Upon the outbreak of war, the company, along with most other manufacturing enterprises, shifted to war work. Some 90,000 military motorcycles, mostly WLAs and WLCs (the Canadian version) were produced, many to be provided to allies. Harley-Davidson received two Army-Navy "E" Awards, one in 1943 and the other in 1945, which were awarded for Excellence in Production.

Shipments to the Soviet Union under the Lend-Lease program numbered at least 30,000. The WLAs produced during all four years of war production generally have 1942 serial numbers. Production of the WLA stopped at the end of World War II, but was resumed from 1949 to 1952 for use in the Korean War.

The U.S. Army also asked Harley-Davidson to produce a new motorcycle with many of the features of BMW's side-valve and shaft-driven R71. Harley-Davidson largely copied the BMW engine and drive train and produced the shaft-driven 750 cc 1942 and '43 Harley-Davidson XA. This shared no dimensions, no parts or no design concepts (except side valves) with any prior Harley-Davidson engine. Due to the superior cooling of the flat-twin engine with the cylinders across the frame, Harley's XA cylinder heads ran 100 °F (56 °C) cooler than its V-twins. The XA never entered full production: the motorcycle by that time had been eclipsed by the Jeep as the Army's general-purpose vehicle, and the WLA – already in production – was sufficient for its limited police, escort, and courier roles. As a result, only about 1,000 were made.

Small: Hummer, Sportcycle and Aermacchi

As part of war reparations, Harley-Davidson acquired the design of a small German motorcycle, the DKW RT 125, which they adapted, manufactured, and sold from 1948 to 1966. Various models were made, including the Hummer from 1955 to 1959, but they are all colloquially referred to as "Hummers" at present. BSA in the United Kingdom took the same design as the foundation of their BSA Bantam.

In 1960, Harley-Davidson consolidated the Model 165 and Hummer lines into the Super-10, introduced the Topper scooter, and bought fifty percent of Aermacchi's motorcycle division. Importation of Aermacchi's 250 cc horizontal single began the following year. The bike bore Harley-Davidson badges and was marketed as the Harley-Davidson Sprint. The engine of the Sprint was increased to 350 cc in 1969 and would remain that size until 1974, when the four-stroke Sprint was discontinued.

After the Pacer and Scat models were discontinued at the end of 1965, the Bobcat became the last of Harley-Davidson's American-made two-stroke motorcycles. The Bobcat was manufactured only in the 1966 model year.

Harley-Davidson replaced their American-made lightweight two-stroke motorcycles with the Italian Aermacchi-built two-stroke powered M-65, M-65S, and Rapido. The M-65 had a semi-step-through frame and tank. The M-65S was a M-65 with a larger tank that eliminated the step-through feature. The Rapido was a larger bike with a 125 cc engine. The Aermacchi-built Harley-Davidsons became entirely two-stroke powered when the 250 cc two-stroke SS-250 replaced the four-stroke 350 cc Sprint in 1974.

Harley-Davidson purchased full control of Aermacchi's motorcycle production in 1974 and continued making two-stroke motorcycles there until 1978, when they sold the facility to Cagiva, owned by the Castiglioni family.

Tarnished reputation

In 1952, following their application to the U.S. Tariff Commission for a 40 percent tax on imported motorcycles, Harley-Davidson was charged with restrictive practices.

In 1969, American Machine and Foundry (AMF) bought the company, streamlined production, and slashed the workforce. This tactic resulted in a labor strike and cost-cutting produced lower-quality bikes. Simultaneously, the Japanese "big four" manufacturers (Honda, Kawasaki, Suzuki, and Yamaha) revolutionized the North American market by introducing what the motoring press would call the Universal Japanese Motorcycle. In comparison, Harley-Davidson's bikes were expensive and inferior in performance, handling, and quality. Sales and quality declined, and the company almost went bankrupt. The "Harley-Davidson" name was mocked as "Hardly Ableson", "Hardly Driveable", and "Hogly Ferguson",

and the nickname "Hog" became pejorative.

In 1977, following the successful manufacture of the Liberty Edition to commemorate America's bicentennial in 1976, Harley-Davidson produced what has become one of its most controversial models, the Harley-Davidson Confederate Edition. The bike was essentially a stock Harley-Davidson with Confederate-specific paint and details.

Restructuring and revival

In 1981, AMF sold the company to a group of 13 investors led by Vaughn Beals and Willie G. Davidson for $80 million. The new management team improved product quality, introduced new technologies, and adopted just-in-time inventory management. These operational and product improvements were matched with a strategy of seeking tariff protection for large-displacement motorcycles in the face of intense competition with Japanese manufacturers. These protections were granted by the Reagan administration in 1983, giving Harley-Davidson time to implement their new strategies.

Revising stagnated product designs was a crucial centerpiece of Harley-Davidson's turnaround strategy. Rather than trying to mimic popular Japanese designs, the new management deliberately exploited the "retro" appeal of Harley motorcycles, building machines that deliberately adopted the look and feel of their earlier bikes and the subsequent customizations of owners of that era. Many components such as brakes, forks, shocks, carburetors, electrics and wheels were outsourced from foreign manufacturers and quality increased, technical improvements were made, and buyers slowly returned.

Harley-Davidson bought the "Sub Shock" cantilever-swingarm rear suspension design from Missouri engineer Bill Davis and developed it into its Softail series of motorcycles, introduced in 1984 with the FXST Softail.

In response to possible motorcycle market loss due to the aging of baby-boomers, Harley-Davidson bought luxury motorhome manufacturer Holiday Rambler in 1986. In 1996, the company sold Holiday Rambler to the Monaco Coach Corporation.

The "Sturgis" model, boasting a dual belt-drive, was introduced initially in 1980 and was made for three years. This bike was then brought back as a commemorative model in 1991.

Fat Boy, Dyna, and Harley-Davidson museum

By 1990, with the introduction of the "Fat Boy", Harley-Davidson once again became the sales leader in the heavyweight (over 750 cc) market. At the time of the Fat Boy model introduction, a false etymology spread that "Fat Boy" was a combination of the names of the atomic bombs Fat Man and Little Boy. This has been debunked, as the name "Fat Boy" actually comes from the observation that the motorcycle is somewhat wider than other bikes when viewed head-on.

1993 and 1994 saw the replacement of FXR models with the Dyna (FXD), which became the sole rubber mount FX Big Twin frame in 1994. The FXR was revived briefly from 1999 to 2000 for special limited editions (FXR2, FXR3 & FXR4).

Harley-Davidson celebrated their 100th anniversary on September 1, 2003 with a large event and concert featuring performances from Elton John, The Doobie Brothers, Kid Rock, and Tim McGraw.

Construction started on the $75 million, 130,000 square-foot (12,000 m2) Harley-Davidson Museum in the Menomonee Valley of Milwaukee, Wisconsin on June 1, 2006. It opened in 2008 and houses the company's vast collection of historic motorcycles and corporate archives, along with a restaurant, café and meeting space.

Overseas operations

Established in 1918, the oldest continuously operating Harley-Davidson dealership outside of the United States is in Australia. Sales in Japan started in 1912 then in 1929, Harley-Davidsons were produced in Japan under license to the company Rikuo (Rikuo Internal Combustion Company) under the name of Harley-Davidson and using the company's tooling, and later under the name Rikuo. Production continued until 1958.

In 1998, the first Harley-Davidson factory outside the US opened in Manaus, Brazil, taking advantage of the free economic zone there. The location was positioned to sell motorcycles in the southern hemisphere market.

In August 2009, Harley-Davidson launched Harley-Davidson India and started selling motorcycles there in 2010. The company established the subsidiary in Gurgaon, near Delhi, in 2011 and created an Indian dealer network. On September 24, 2020, Harley Davidson announced that it would discontinue its sales and manufacturing operations in India due to weak demand and sales. The move involves $75 million in restructuring costs, 70 layoffs and the closure of its Bawal plant in northern India.

Buell Motorcycle Company

Harley-Davidson's association with sportbike manufacturer Buell Motorcycle Company began in 1987 when they supplied Buell with fifty surplus XR1000 engines. Buell continued to buy engines from Harley-Davidson until 1993, when Harley-Davidson bought 49 percent of the Buell Motorcycle Company. Harley-Davidson increased its share in Buell to ninety-eight percent in 1998, and to complete ownership in 2003.

In an attempt to attract newcomers to motorcycling in general and to Harley-Davidson in particular, Buell developed a low-cost, low-maintenance motorcycle. The resulting single-cylinder Buell Blast was introduced in 2000, and was made through 2009, which, according to Buell, was to be the final year of production. The Buell Blast was the training vehicle for the Harley-Davidson Rider's Edge New Rider Course from 2000 until May 2014, when the company re-branded the training academy and started using the Harley-Davidson Street 500 motorcycles. In those 14 years, more than 350,000 participants in the course learned to ride on the Buell Blast.

On October 15, 2009, Harley-Davidson Inc. issued an official statement that it would be discontinuing the Buell line and ceasing production immediately, in order to focus on the Harley-Davidson brand. The company refused to consider selling Buell. Founder Erik Buell subsequently established Erik Buell Racing and continued to manufacture and develop the company's 1125RR racing motorcycle.

From Wikipedia’s article on Harley-Davidson, shared under CC BY-SA 4.0.6

Leadership

Who has led Harley-Davidson, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Jochen Zeitz2020–now
197019801990200020102020

Products and brands

  • clothing
  • motorcycle

Listed on Wikidata.1

Custom Vehicle Operations

Custom Vehicle Operations (CVO) is a team within Harley-Davidson that produces limited-edition customizations of Harley's stock models. Every year since 1999, the team has selected two to five of the company's base models and added higher-displacement engines, performance upgrades, special-edition paint jobs, more chromed or accented components, audio system upgrades, and electronic accessories to create high-dollar, premium-quality customizations for the factory custom market. The models most commonly upgraded in such a fashion are the Ultra Classic Electra Glide, which has been selected for CVO treatment every year from 2006 to the present, and the Road King, which was selected in 2002, 2003, 2007, and 2008. The Dyna, Softail, and VRSC families have also been selected for CVO customization.

Brand culture

According to a recent Harley-Davidson study, in 1987 half of all Harley riders were under age 35. However, by 2006, only 15 percent of Harley buyers were under 35, and as of 2005, the median age had risen to 46.7. In 2008, Harley-Davidson stopped disclosing the average age of riders; at this point it was 48 years old.

In 1987, the median household income of a Harley-Davidson rider was $38,000. By 1997, the median household income for those riders had more than doubled, to $83,000.

Many Harley-Davidson Clubs exist nowadays around the world; the oldest one, founded in 1928, is in Prague.

Read the full text

Harley-Davidson attracts a loyal brand community, with licensing of the Harley-Davidson logo accounting for almost 5 percent of the company's net revenue ($41 million in 2004). Harley-Davidson supplies many American police forces with their motorcycle fleets.

From its founding, Harley-Davidson had worked to brand its motorcycles as respectable and refined products, with ads that showed what motorcycling writer Fred Rau called "refined-looking ladies with parasols, and men in conservative suits as the target market". The 1906 Harley-Davidson's effective, and polite, muffler was emphasized in advertisements with the nickname "The Silent Gray Fellow". That began to shift in the 1960s, partially in response to the clean-cut motorcyclist portrayed in Honda's "You meet the nicest people on a Honda" campaign, when Harley-Davidson sought to draw a contrast with Honda by underscoring the more working-class, macho, and even a little anti-social attitude associated with motorcycling's dark side. With the 1971 FX Super Glide, the company embraced, rather than distanced itself from, chopper style and the counterculture custom Harley scene. Their marketing cultivated the "bad boy" image of biker and motorcycle clubs, and to a point, even outlaw or one-percenter motorcycle clubs. In 2013, Harley-Davidson dealership in Quebec published a controversial advertisement featuring a woman wearing a hijab instead of the brand's traditional leather-clad imagery, drawing media attention during debates over secularism in Quebec.

Origin of "Hog" nickname

Beginning in 1920, a team of farm boys, including Ray Weishaar, who became known as the "hog boys", consistently won races. The group had a live hog as their mascot. Following a win, they would put the hog on their Harley and take a victory lap. In 1983, the Motor Company formed a club for owners of its product, taking advantage of the long-standing nickname by turning "hog" into the acronym HOG, for Harley Owners Group. Harley-Davidson attempted to trademark "hog", but lost a case against an independent Harley-Davidson specialist, The Hog Farm of West Seneca, New York, in 1999, when the appellate panel ruled that "hog" had become a generic term for large motorcycles and was therefore unprotectable as a trademark.

On August 15, 2006, Harley-Davidson Inc. had its NYSE ticker symbol changed from HDI to HOG.

Bobbers

Harley-Davidson FL "big twins" normally had heavy steel fenders, chrome trim, and other ornate and heavy accessories. After World War II, riders wanting more speed would often shorten the fenders or take them off completely to reduce the weight of the motorcycle. These bikes were called "bobbers" or sometimes "choppers", because parts considered unnecessary were chopped off. Those who made or rode choppers and bobbers, especially members of motorcycle clubs like the Hells Angels, referred to stock FLs as "garbage wagons".

Harley Owners Group

Harley-Davidson established the Harley Owners Group (HOG) in 1983 to build on the loyalty of Harley-Davidson enthusiasts as a means to promote a lifestyle alongside its products. The HOG also opened new revenue streams for the company, with the production of tie-in merchandise offered to club members, numbering more than one million. Other motorcycle brands,

and other and consumer brands outside motorcycling, have also tried to create factory-sponsored community marketing clubs of their own.

HOG members typically spend 30 percent more than other Harley owners on such items as clothing and Harley-Davidson-sponsored events.

In 1991, HOG went international, with the first official European HOG Rally in Cheltenham, England.

Today, more than one million members and more than 1400 chapters worldwide make HOG the largest factory-sponsored motorcycle organization in the world.

HOG benefits include organized group rides, exclusive products and product discounts, insurance discounts, and the Hog Tales newsletter. A one-year full membership is included with the purchase of a new, unregistered Harley-Davidson.

In 2008, HOG celebrated its 25th anniversary in conjunction with the Harley 105th in Milwaukee, Wisconsin.

3rd Southern HOG Rally set to bring together largest gathering of Harley-Davidson owners in South India. More than 600 Harley-Davidson Owners expected to ride to Hyderabad from across 13 HOG Chapters.

Factory tours and museum

Harley-Davidson offers factory tours at four of its manufacturing sites, and the Harley-Davidson Museum, which opened in 2008, exhibits Harley-Davidson's history, culture, and vehicles, including the motor company's corporate archives.

York, Pennsylvania – Vehicle Operations: Manufacturing site for Touring class, Softail, and custom vehicles.

Tomahawk, Wisconsin – Tomahawk Operations: Facility that makes sidecars, saddlebags, windshields, and more.

Kansas City, Missouri – Vehicle and Powertrain Operations: Manufacturing site of Sportster, VRSC, and other vehicles.

Menomonee Falls, Wisconsin – Pilgrim Road Powertrain Operations plant, two types of tours.

Milwaukee, Wisconsin – Harley-Davidson Museum: Archive; exhibits of people, products, culture and history; restaurant & café; and museum store.

Due to the consolidation of operations, the Capitol Drive Tour Center in Wauwatosa, Wisconsin, was closed in 2009.

Historic register designations

Some of the company's buildings have been listed on state and national historic registers, including:

Harley-Davidson Motorcycle Factory Building – added to National Register of Historic Places on November 9, 1994.

Factory No. 7 – added to Wisconsin State Register of Historic Places on August 14, 2020.

Anniversary celebrations

Beginning with Harley-Davidson's 90th anniversary in 1993, Harley-Davidson has had celebratory rides to Milwaukee called the "Ride Home". This new tradition has continued every five years, and is referred to unofficially as "Harleyfest", in line with Milwaukee's other festivals (Summerfest, German fest, Festa Italiana, etc.). This event brings Harley riders from all around the world. The 105th anniversary celebration was held on August 28–31, 2008, and included events in Milwaukee, Waukesha, Racine, and Kenosha counties, in Southeast Wisconsin. The 110th-anniversary celebration was held on August 29–31, 2013. The 115th anniversary was held in Prague, Czech Republic, the home country of the oldest existing Harley Davidson Club, on July 5–8, 2018 and attracted more than 100,000 visitors and 60,000 bikes.

The 120th anniversary was held in Budapest, Hungary, with the parade on June 24.

Labor Hall of Fame

William S. Harley, Arthur Davidson, William A. Davidson and Walter Davidson Sr were, in 2004, inducted into the Labor Hall of Fame for their accomplishments for the H-D company and its workforce.

Television drama

The company's origins were dramatized in a 2016 miniseries entitled Harley and the Davidsons, starring Robert Aramayo as William Harley, Bug Hall as Arthur Davidson and Michiel Huisman as Walter Davidson, and premiered on the Discovery Channel as a "three-night event series" on September 5, 2016.

From Wikipedia’s article on Harley-Davidson, shared under CC BY-SA 4.0.6

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Former names

  • HARLEY DAVIDSON INCJun 27, 1994 to Jun 14, 20195

Timeline

  1. May 2020New chief executive Jochen Zeitz becomes CEO1
  2. 1903Founded Founded in Milwaukee1

Recent filings

  1. Oct 5, 20264
  2. Sep 28, 20264
  3. Sep 2, 20264
  4. Sep 1, 2026144
  5. Aug 14, 2026SCHEDULE 13G
  6. Aug 13, 2026144
  7. Aug 13, 20264
  8. Aug 11, 2026SCHEDULE 13G
  9. Aug 11, 20264
  10. Aug 5, 202610-Q
  11. Aug 5, 20264
  12. Aug 3, 2026144
  13. Aug 3, 20264
  14. Jul 31, 2026SCHEDULE 13G
  15. Jul 28, 20264

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2