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Harley-Davidson suspends production of electric motorcycle by Staff Writers New York (AFP) Oct 14, 2019
Harley-Davidson announced on Monday that it had suspended production and delivery of its LiveWire electric motorcycle, which the brand had rolled out as part of a diversification push. "We recently discovered a non-standard condition during a final quality check; stopped production and deliveries; and began additional testing," the company said in a statement. The Wall Street Journal reported that the decision came after a problem with the vehicle's battery charging was discovered. The manufacturer did not say when they planned to resume production. Unveiled in 2014, the LiveWire sold for around $30,000 in North America and Western Europe, according to the Harley-Davidson website. The manufacturer, based in Milwaukee, Wisconsin in the United States, has turned to electric vehicles to attract younger riders as it grapples with an aging customer base and a lack of innovation in its range. The company's sales were down more than six percent in the second quarter of this year. Harley-Davidson's stock rose .31 percent on Monday at the close of markets.
Uber takes stake in online grocery group Cornershop Washington (AFP) Oct 11, 2019 Uber said Friday it agreed to take a majority stake in Cornershop, an online grocery provider in Chile, Mexico, and which recently expanded to Peru and Canada. The deal, terms of which were not disclosed, comes with Uber seeking to expand further beyond ridesharing and become a diversified logistics and transport operation. "Whether it's getting a ride, ordering food from your favorite restaurant, or soon, getting groceries delivered, we want Uber to be the operating system for your everyday lif ... read more
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