This Wednesday, April 26, 2017, photo shows dealership signs at a Harley-Davidson dealership in Glenshaw, Pa. Harley-Davidson Inc. reports earnings Tuesday, Jan. 30, 2018. (AP Photo/Keith Srakocic)
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Harley-Davidson Inc. will close its Kansas City, Missouri plant as part of a cost-cutting move as it continues to face dwindling shipments.The Milwaukee-based company reported a 7.9 percent drop to 241,498 motorcycle shipments in 2017 and expects the figure to continue dropping. For the year, the company earned $521.8 million, or $3.02 per share.Harley-Davidson shares slid 8.1 percent, or $4.46, to $50.83 in midday trading. Shares of the company have declined about 12 percent in the past year.
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