WKYT | Lexington, Kentucky | News

Stripped-down Harley rebounds from recession

MILWAUKEE (AP) - Harley-Davidson CEO Keith Wandell says he feels good about the company's future after several hard years.

Wandell grabbed the handlebars at the iconic motorcycle maker amid the credit crisis of 2009. Harley made nearly $655 million the year before; in 2009, it lost $55 million.

Wandell led a push to modernize the company, overhauling its manufacturing process, broadening its customer base and expanding overseas. Harley made $624 million last year, and its first-quarter profits were up 30 percent over the same time the year before.

Analysts say Harley is a good position to grow as the global economy improves and in better shape to weather any future downturn with lower costs and a more flexible workforce.

Wandell says he thinks the motorcycle maker has "an awesome future."

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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