Harley-Davidson’s fourth-quarter loss widens

Shares of the company were down 6% in premarket trading.
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Harley’s results highlight how inflation has squeezed household budgets and prompted Americans to rethink big-ticket purchases such as motorcycles.
The brand was already feeling the strain of softer volumes, relying partly on cost cuts to shore up margins and demand for its higher-margin touring and custom motorbikes from wealthier customers.
Harley had announced last year that it would develop a smaller, lower-priced