Motorcycle Types Cruiser Feds Loan Harley-Davidson $2.3 Billion

Feds Loan Harley-Davidson $2.3 Billion

Harley Financial News

It was recently reported that the Federal Reserve secretly loaned trillions to corporations between 2008 and 2009, and one company on that list was Harley-Davidson, which reportedly received $2.3 billion.

Bloomberg, the premier source for business and financial news, says the money was given by the Feds to Harley-Davidson and the other corporations, most notably BMW, Toyota and Ford, to "keep the economy from collapsing."

The money was from the Fed’s Commercial Paper Funding Facility, which also dispersed money to McDonalds, Verizon, General Electric, Citigroup, Goldman Sachs and Barclays. All together, it was reported that a total of $3.3 trillion was loaned.

Harley-Davidson used the $2.3 billion to cover expenses while the economy was extremely sluggish. Harley reported that the money borrowed was used primarily by the Motor Company’s lending unit, which provides retail loans for motorcycle buyers and wholesale loans to Harley dealers.
The Feds commercial "paper" loans are like one huge credit card for giant companies to borrow money from until they can pay it back.

All of these commercial paper loans have been reportedly paid back in full, though roughly $2 billion in loans to bond investors is outstanding.

Ron Lieback
Ron Lieback
One of the few moto journalists based on the East Coast, Ron Lieback joined the motorcycle industry as a freelancer in 2007, and is currently Online Editor at Ultimate Motorcycling. He is also the author of "365 to Vision: Modern Writer's Guide (How to Produce More Quality Writing in Less Time).

Bring the Honda Solo to America: One More MiniMoto

We were poking through the archives, and this little gem re-caught our attention. The 2003 Honda Solo was part of Honda’s N Project. According...

2019 Honda CB500F Review: Enhance Your Motorcycle Passion

Perhaps I’m a bi-biker; my procrastination so far in my moto-life is whether I’m an urban chickadee or wannabe MotoGP racer. When I laid...

2021 Houston 2 Fantasy Supercross Tips (19 Fast Facts)

Looking at the results of the opening round of the 2021 Monster Energy Supercross Championship Series, I’m reminded of what futurist Jamais Cascio said,...

Team RB Freestyle Randie and Birdman Motorcycle Stunt Riders

Hello Rider Readers, It’s Randie Raige of Team RB Freestyle here! Come take an inside look at tandem stunt riding with me. That’s right, two...

2021 Aprilia Tuono V4 Lineup First Look (8 Fast Facts)

The Aprilia Tuono V4 has earned a reputation for being an uncompromisingly high-performance upright sportbike. Note that we didn’t say naked, as it has...

2021 Moto Guzzi V85 TT Lineup First Look: Adventure and Travel

Sporting two touring-oriented ADV motorcycles, the 2021 Moto Guzzi V85 TT lineup returns with some motor and electronics package updates, and a bit more....