An hour before midnight on New Year’s Eve in 1985, a bunch of Harley executives sat in a room at a bank with two stacks of papers, one for bankruptcy and another for recapitalization, if their last gasp ask for fresh investment came in. They had given themselves until midnight to get new money or go bankrupt, and time was running out. Many of the executives had, four years earlier, personally invested $1 million or more—while borrowing tens of millions more on top of that—to buy the company from the conglomerate AMF for $80 million and take it private. AMF itself had acquired the motorcycle manufacturer for $14 million in 1969 (about $100 million today) with a plan to expand production and squeeze out maximum profits. But a decade of labor trouble, declining build quality, and the dominance of Japanese motorcycles—Honda, in particular—had, by 1981, left Harley in dire straits. It was kind of a miracle that Harley had lasted that long to begin with and, … [Read more...] about How Harley-Davidson’s All-In Bet on Its Past Crippled Its Future
New york times co v united states
Elon Musk Says He’s in Talks With Saudi Arabia to Take Tesla Private
The Morning Shift All your daily car news in one convenient place. Isn't your time more important? What we know about Elon Musk’s alleged take-Tesla-private plans a week later, how Lincoln wants to go more premium, Harley-Davidson’s troubles and more on The Morning Shift for Monday, August 13, 2018. 1st Gear: Why Saudi Arabia Could Be a Player in Tesla A week ago, Elon Musk shocked the business world—as he does—with a Tweet—as he also does—claiming he has funding “secured” to take now-publicly traded Tesla private. Since then details of this alleged plan have been scarce, and it’s even led to an inquiry by the SEC and a shareholder lawsuit. It’s been a busy week! Until this morning we didn’t really know who Musk had lined up for the funding of such a venture, though many speculated it would be Saudi Arabia’s sovereign wealth fund, which recently bought a 5 percent stake in Tesla. Now we know: it is the … [Read more...] about Elon Musk Says He’s in Talks With Saudi Arabia to Take Tesla Private
Elon Musk Says He Has Funding From Saudi Arabia to Take Tesla Private
The Morning Shift All your daily car news in one convenient place. Isn't your time more important? What we know about Elon Musk’s alleged take-Tesla-private plans a week later, how Lincoln wants to go more premium, Harley-Davidson’s troubles and more on The Morning Shift for Monday, August 13, 2018. 1st Gear: Why Saudi Arabia Could Be a Player in Tesla A week ago, Elon Musk shocked the business world—as he does—with a Tweet—as he also does—claiming he has funding “secured” to take now-publicly traded Tesla private. Since then details of this alleged plan have been scarce, and it’s even led to an inquiry by the SEC and a shareholder lawsuit. It’s been a busy week! Until this morning we didn’t really know who Musk had lined up for the funding of such a venture, though many speculated it would be Saudi Arabia’s sovereign wealth fund, which recently bought a 5 percent stake in Tesla. Now we know: it is the … [Read more...] about Elon Musk Says He Has Funding From Saudi Arabia to Take Tesla Private
This Week’s Wedding Announcements
Sections SEARCH Skip to content Skip to site index Automobiles Subscribe Log In Subscribe Log In Advertisement Supported by All of the weddings right here on one handy page for you. Beth Feingold and Daisy Freund Beth Jamie Feingold sent Daisy Anna Freund an initial hello on the dating app Tinder in February 2015. They soon realized they were kindred spirits, at least when it came to advocacy for making a better food system. “I noticed a screenshot of her on TV talking about chicken farming,’’ said Dr. Feingold, who responded by asking her about livestock farming. Then Dr. Feingold’s name rang a bell to Ms. Freund, who recalled reading an article on her research on the spread of antibiotic resistance from hog farming, and even citing her research in a paper she wrote for the A.S.P.C.A. linking antibiotic use and farm animal welfare. “It’s rare to meet someone online who works in reforming industrial … [Read more...] about This Week’s Wedding Announcements
D-Day: The Invasion of Normandy in color photographs
By John Boyd Updated 5:45 am, Wednesday, June 6, 2018 window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-5', placement: 'Interstitial Gallery Thumbnails 5', target_type: 'mix' }); _taboola.push({flush: true}); window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-10', placement: 'Interstitial Gallery Thumbnails 10', target_type: 'mix' }); _taboola.push({flush: true}); window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-15', placement: 'Interstitial Gallery Thumbnails 15', target_type: 'mix' }); _taboola.push({flush: true}); window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-20', placement: 'Interstitial Gallery Thumbnails 20', target_type: … [Read more...] about D-Day: The Invasion of Normandy in color photographs