U.S. Justice Department drops $3 million Harley-Davidson emissions penalty
Source: Reuters
#ENVIRONMENT
JULY 20, 2017 / 11:22 AM / AN HOUR AGO
U.S. Justice Department drops $3 million Harley-Davidson emissions penalty
WASHINGTON (Reuters) - The Justice Department on Thursday announced it has dropped a requirement that Harley-Davidson Inc spend $3 million to reduce air pollution as part of a settlement the Obama administration announced in August.
Last year, the Milwaukee-based motorcycle maker agreed to pay a $12 million civil fine and stop selling illegal after-market devices that cause its vehicles to emit too much pollution and spend about $3 million to retrofit or replace wood-burning appliances with cleaner stoves.
The Justice Department in a court filing cited a new policy from U.S. Attorney General Jeff Sessions and an ongoing review of the penalty by a government auditor in dropping the $3 million penalty from the settlement.
Reporting by David Shepardson
Read more: http://www.reuters.com/article/us-usa-harleydavidson-emissions-idUSKBN1A521N
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The "$3 million to retrofit or replace wood-burning appliances with cleaner stoves" is the penalty part. I'm not sure where the appliances are located.
As to why it was reopened after the settlement had been agreed upon a year ago, you do the math.
From 11 months ago:
Department of Justice
Office of Public Affairs
FOR IMMEDIATE RELEASE
Thursday, August 18, 2016
Harley-Davidson to Stop Sales of Illegal Devices That Increased Air Pollution from the Companys Motorcycles
https://www.justice.gov/opa/pr/harley-davidson-stop-sales-illegal-devices-increased-air-pollution-company-s-motorcycles
bettyellen
(47,209 posts)groundloop
(11,519 posts)mahatmakanejeeves
(57,513 posts)Rick Barrett, Milwaukee Journal Sentinel Published 6:59 a.m. CT July 18, 2017 | Updated 5:04 p.m. CT July 18, 2017
Harley-Davidson Inc. is eliminating about 180 production jobs at its plants this fall, union officials said Tuesday, with the Menomonee Falls and Kansas City locations to be hit the hardest.
The 180 permanent job cuts are coming in the next couple of months as the company throttles back production amid weak U.S. motorcycle sales.
Temporary furloughs also are expected at the plants including the Menomonee Falls factory that employs about 1,000 production workers.
"It's not looking too good at this point," said Ross Winklbauer, a sub-district director for the United Steelworkers union that represents the workers. ... We did not see this coming, he said.
Is it time to abandon all hope, ye who invest here?
Rich Smith (TMFDitty) Jul 20, 2017 at 7:49AM
It's all over but the crying.
Earlier this week, Harley-Davidson (NYSE:HOG) stock lost 6% of its market capitalization after reporting disappointing earnings news for its fiscal second quarter 2017. Harley followed up that loss by losing another half-percentage point or so on Wednesday, and it's down again in early Thursday trading.
But how bad was the news, really, and was it bad enough to justify all the continued selling of Harley stock? Or are investors maybe, just maybe, overreacting a bit here? Let's find out.
trof
(54,256 posts)rogue emissary
(3,148 posts)President Trump's meeting with Harley shines light on this corporate immigration issue
But Harley-Davidson has outsourced a different type of work information technology that has thrust the company into the debate over high-skilled immigration.
Harley Davidson signed an agreement with Indian tech staffing giant Infosys in 2012 to take over parts of its IT department. To handle the project, Infosys opened a new facility it Milwaukee, where Harley Davidson is based. About 125 positions were eliminated at Harley Davidson in the process. And workers who applied for a job at the Infosys facility claimed they were discriminated against in favor of South Asian employees.
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http://www.cnbc.com/2017/02/02/president-trumps-meeting-with-harley-could-shine-light-on-this-corporate-immigration-issue.html