Harley-Davidson Inc. said it will expand its dealer network in Brazil, as the biggest U.S. motorcycle maker seeks international growth while sales in its home market slow.
The company reached an agreement with HDSP/Grupo Izzo, its exclusive dealer in Brazil, that will allow for appointment of new retailers in the future, according to a statement today that didn’t provide details. Costs of the planned expansion will reduce profit this quarter by as much as 6 cents a share, Milwaukee-based Harley said in a regulatory filing.
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