Wkoppa
Member
Loaning Money?
According to Cycle World's article on the demise of the Buell, Harley Davidson Financial Services (HDFS) was in trouble with bad paper along with the declining sales. In February of 1989 they (HDFS) borrowed 600 million from Warren Buffet at 15% (which I would call really bad paper).
I think that 600 million hole is a deep hole to climb out of with today's level of sales. Many in my home state felt that the politicians, management and unions waited too long thinking everything would work out in the auto industry, which is now a shadow of its former self.
Wayne Koppa
Grayling, MI
According to Cycle World's article on the demise of the Buell, Harley Davidson Financial Services (HDFS) was in trouble with bad paper along with the declining sales. In February of 1989 they (HDFS) borrowed 600 million from Warren Buffet at 15% (which I would call really bad paper).
I think that 600 million hole is a deep hole to climb out of with today's level of sales. Many in my home state felt that the politicians, management and unions waited too long thinking everything would work out in the auto industry, which is now a shadow of its former self.
Wayne Koppa
Grayling, MI