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Old 11-30-2009, 11:31 AM   #1
RACER X
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Join Date: Apr 2005
Location: Richmond, Tx
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'14 Honda GROM! 181cc of fury!!
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A few more bought
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H/D bailed out like the cheby!

http://motorcycledaily.com/25november09_hdcreditarm.htm

Government Aid for Struggling H-D Credit Arm

By Gabe Ets-Hokin

The struggling Goliath that is Harley-Davidson took a spoonful of government-aid elixir on November 23rd. A group of investors are using $562 million in TALF-which stands for Term Asset-Backed Securities Loan Facility, if that helps you at all-funding to underwrite a huge bond deal. The bond terms vary between one and three years and are backed by the Federal program.

H-D's flagging profits have been further diminished by the blows dealt to HDFS, Harley's financing arm (which has been hit hard by the recession and has already borrowed money at very high interest rates from private investors). TALF makes H-D bonds attractive and carry a low interest rate, because the funds are backed by the Federal Reserve bank. That money should be used to finance motorcycle purchases and, hopefully, spur the Motor Company into solid black ink again.


In other H-D news, subsidiary MV Agusta-up for sale-will be brokered by Italian investment firm BNP Paribas. Despite the exotic-bike maker's new model releases, it's still hemorrhaging money. When it does sell, it'll probably go for a lot less money than the $109 million H-D paid for it in July of 2008
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Old 11-30-2009, 11:37 AM   #2
AJFLo
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HD needs to stop lending money to people with CBS Credit.
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Iím really happy for you and Iím going to let you finish but AJFlo is one of the baddest mother fockers of all time!!!
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Old 11-30-2009, 11:39 AM   #3
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HD needs to stop operations
Fixed
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Old 11-30-2009, 12:11 PM   #4
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Old 11-30-2009, 12:14 PM   #5
AJFLo
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I just see alot of people with Bad Credit roll in and have a HD line of credit. And I'm like, "How the fck did they get approved"
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Old 11-30-2009, 12:20 PM   #6
CaligoneTx
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10 year payment plans....

anyone else see a problem with that?
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Old 11-30-2009, 01:19 PM   #7
zerobounds
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only a fhag would do that.
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Old 11-30-2009, 03:07 PM   #8
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Old 11-30-2009, 03:11 PM   #9
SexualChocolate
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at least they build stuff...Fisker was handed money also lol.
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