Category: Automotif

Harley Davidson closes down in Indonesia

A weakening currency and unsupportive government regulations have forced PT Mabua Harley Davidson, the sole dealer of Harley Davidson motorcycles in Indonesia, to let its agency license expire. The company says that since 2013, it has been burdened by the constant weakening of the rupiah exchange rate, which has dropped by 40 percent, and tax increases

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Ferrari Completes Spinoff

MILAN (AP) — Sports carmaker Ferrari is following up its successful Wall Street listing with a stock market launch in Milan, as it begins a new era as a stand-alone company free of the mass-market associations of its former parent, Fiat Chrysler. The company famed for its Formula 1 racing machines and coveted red roadsters began trading Monday morning, the

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