Motorcycle manufacturer Harley-Davidson Inc. is scheduled to report second-quarter results before the market opens on Tuesday.

MILWAUKEE -- Harley-Davidson management teams are holding meetings throughout the day Thursday with employees discussing financial hardships that the motorcycle manufacturer is facing.

In conjunction with Harley-Davidson’s Q3 financial results, and shutting down of Buell Motorcycles , the Milwaukee motorcycle manufacturer is announcing that it will be selling Italian sportbike manufacturer MV Agusta. Harley-Davidson bought MV Agusta just under a year ago, and assumed a substantial amount of debt from the beleaguered company. This past quarter, Harley-Davidson recorded a one-time fixed-asset impairment charge of $14.2 million related to Buell and a goodwill impairment charge

Harley-Davidson Inc. said Thursday that it will discontinue its Buell line of performance motorcycles and sell an Italian motorcycle unit in order to focus on its main namesake brand. The announcement comes as the Milwaukee-based heavyweight motorcycle manufacturer said that profits dropped 84.1 percent amid a continued decline in worldwide retail motorcycle sales. The ending of the East Troy-based Buell line of motorcycles, will result in the elimination over time of 180 jobs , with about

Harley-Davidson 3Q profit falls on lower shipments MILWAUKEE ? Harley-Davidson Inc. said Thursday that its third-quarter profit slid 84 percent on fewer motorcycle shipments and recession-related difficulties in getting loans for its customers. The motorcycle manufacturer also plans to stop making Buell motorcycle products and will sell its MV Agusta division. Its shares fell 76 cents, or 2.9 [...]