Harley Davidson (NYSE:HOG) Is Under Investigation
Author By Sophia VidaPosted on For all you hog riders, this could be some vital news. Harley Davidson, one of the oldest American motorcycle manufactures around, is under investigation by the National Highway Traffic Safety Administration.
The NHTSA is conducting the probe after complaints of brake failure without warning.
The association announced on Friday that the investigation involves 430,000 Harley-Davidson motorcycles of model years 2008-2011, with anti-lock braking systems.
“We are aware of the investigation and are cooperating with the NHTSA,” Harley-Davidson spokeswoman Maripat Blankenheim said.
The traffic safety regulator has received 43 complaint with three reports of crashes and two reports of injuries.
While the investigation may seem alarming, the NHTSA has noted that the riders who made the complaints might have failed to change the brake fluid, which must be replaced within two years.
“While it may be true that the complainants failed to adhere to the…fluid service interval requirement, the consequent sudden and complete loss of brake without warning is a concern,” the NHTSA said.
Disclaimer: We have no position in Harley-Davidson Inc (NYSE: HOG) and have not been compensated for this article.
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