Months of rumors and a more credible report yesterday have culminated in the official news that Volkswagen will take a 20 percent share in Japanese automaker Suzuki, worth $2.5 billion. Volkswagen has its sights set on becoming the world’s largest automaker and with Suzuli’s small-car expertise, it hopes to make a large expansion into developing […]
Warren Buffett Loans $300 Million to Harley-Davidson
Berkshire Hathaway to invest
Warren Buffett poses on a motorcycle at the Burlington Hathaway annual meeting in May, 2008. Berkshire’s Geico subsidiary was promoting its motorcycle insurance.
The money will be used to support Harley’s finance company and its “ongoing motorcycle lending activities.” (If a buyer can’t get a loan, it’s harder to buy the bike.), according to cnbc.com.
Harley-Davidson shares gained 15 percent on the news closing at $13.73, but way down from the 52-week high of $48.05.