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Harley-Davidson Archives — Bikernet Blog - Online Biker Magazine

With Harley-Davidson Production, Sales Frozen, Argus Downshifts On Stock

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by Priya Nigam , Benzinga Staff Writer from https://www.benzinga.com

Although shares of Harley-Davidson Inc HOG 11.31% have significantly underperformed the S&P 500, the company has suspended production at most of its U.S. manufacturing facilities and shut its retail stores due to the coronavirus pandemic, according to Argus.

The Harley-Davidson Analyst David Coleman downgraded Harley-Davidson from Buy to Hold.

The Harley-Davidson Thesis

While Harley-Davidson’s stock has lost around 59% over the past three months versus a 24% decline for the S&P 500, recent developments have been particularly disappointing, Coleman said in the Monday downgrade note. (See his track record here.)

The motorcycle manufacturer has withdrawn its 2020 guidance.

Argus lowered its adjusted earnings estimates for 2020 and 2021 from $3.52 per share to $3.07 per share and from $3.68 per share to $3.41 per share, respectively.

Harley-Davidson had witnessed a marginal improvement in sales in the fourth quarter, raising expectations of its strategic growth plan leading to a turnaround by the end of 2020, Coleman said. The company instead stopped production and closed its retail stores.

Although Harley-Davidson’s shares are trading near the bottom of their 52-week range, they are not attractively priced given the company’s substantial challenges, including the loss of production and sales due to the coronavirus, the analyst said.

HOG Price Action

Harley-Davidson shares were trading 5.47% higher at $15.82 at the time of publication Monday.

BMW Goes After Harley-Davidson with Stunning R 18 Big Boxer Cruiser

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by Daniel Patrascu from https://www.autoevolution.com

Despite being at the top of sales charts in the motorcycle industry, BMW hasn’t had an entry in the cruiser segment since the R1200 RC . That changed with the introduction of the brand new R 18 this week.

Featuring the Big Boxer engine, the “most powerful 2-cylinder boxer engine ever used in motorcycle series production,” the R18 is described as a bike that blends the classic lines of older BMW bikes with modern day technology.

The design of the motorcycle, and parts of its construction, like the rear swingarm, are reminiscent of the R 5, a bike designed way back in the 1930s as the first BMW motorcycle to use a foot-operated four-speed gearbox. Cues to that resemblance are also the double-loop frame, the pear-drop tank, the open-running driveshaft, the pinstriped paintwork, and of course the exposed drive-shaft.

At the center of the motorcycle lies the Big Boxer BMW has been teasing for more than a year now. The 2-cylinder engine is 1,802 cc in displacement, develops 91 hp at 4,750 rpm, and provides a maximum of 158 Nm of torque at 3,000 rpm.

The motorcycle comes with three driving modes – Rain, Roll and Rock – and is equipped with automatic stability control (can be disengaged) and drag torque control as standard. Optionally, reverse assist and hill start control can be specified.

BMW did not announce yet when the motorcycle will become available and how much it will charge for it. When it hits the market though, it will be available in First Edition guise, adding a few unique extras like a classic black finish with white pinstriped paintwork, chrome highlights and First Edition badges.

Additionally, for the U.S. market BMW partnered with several companies to give the bike a local flavor. The customization program there includes parts from Roland Sands Design, Mustang Seat, or Vance & Hines.

Full details on the BMW R 18 can be found in the press release section below.

 

Harley-Davidson might have two all-new bikes coming, leaked documents suggest

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by Kyle Hyatt from https://www.cnet.com/

These bikes would likely share powerplants with the Pan America and Bronx.

When you’ve been in business for as long as Harley-Davidson has, it’s really easy to let things get a bit stale and boring. We’ve seen that from H-D for a while, but over the past year or so, it’s been working to shake things up with bikes like the Livewire and the Pan-America, as well as the middleweight Bronx.

It would seem, based on some leaked documents from an investor presentation, that it’s not entirely done shaking yet. Specifically, this document suggests that there are at least two more motorcycles in the works — non-traditional Harleys, all — and I couldn’t be more excited.

The first (and the one for which I’m most excited) appears to be a reimagining of the XR1200 flat-track racer homage that H-D released in the mid-aughts. The would seem to be an answer to Indian’s excellent FTR1200, and if we can get some of that competitive spirit to move from the flat track to the showroom, then I’m all for it.

The second bike is a more 1980s sport-bike-meets-cafe-racer thing, but it’s not especially original or exciting looking, at least compared to the Pan America or the Bronx. That said, unoriginal doesn’t mean bad. It’s packaged well, with the big Revolution Max V-Twin engine sporting a cool bronze hue. It’s like Harley went back to the Buell days and then stripped off all the weird stuff so non-nerds would buy them.

Seeing as these are just leaked mentions of bikes, we don’t have a ton of information about them. Based on the images, we see that they will share the Revolution Max engine with the Pan America and Bronx, though in what displacements, we don’t know.

We also don’t know when we’d expect to see these bruisers make their official debuts, let alone be released for sale, though with the current state of global affairs, we’d bet it’s at least a year or two off, if ever.

Harley-Davidson declined to comment on future product.

Harley-Davidson Motor Co. chief operating officer Michelle Kumbier leaving company

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by David Schuyler from https://www.bizjournals.com/

Harley-Davidson Motor Co. senior vice president and chief operating officer Michelle Kumbier is leaving the company April 3, Milwaukee-based parent Harley-Davidson Inc. said in a regulatory filing Tuesday.

As chief operating officer since October 2017, Kumbier oversaw the Milwaukee-based motorcycle manufacturer’s U.S. and international markets in addition to responsibilities leading product and operations.

In the filing with the U.S. Securities and Exchange Commission, Harley-Davidson (NYSE: HOG) did not disclose a reason for her departure. The company did not immediately respond to a request for comment on the filing.

Kumbier is the latest high-ranking executive to leave the company in recent months. Those departures include former president and CEO Matt Levatich, a permanent replacement for whom has yet to be hired.

Before adding chief operating officer to her responsibilities, Kumbier was senior vice president, Motor Company product and operations. In that role, she led a team of more than 4,500 employees worldwide to bring Harley-Davidson motorcycles, parts and accessories and general merchandise to market.

Kumbier joined Harley-Davidson in 1997 in operations purchasing, and has since taken on roles with increasing responsibility in purchasing, strategic planning, new business development, and parts and accessories.

Kumbier’s former product and operations responsibilities will be assumed by Bryan Niketh, vice president of product development of the Harley-Davidson Motor Co., who has been promoted to senior vice president of product and operations. Kumbier’s global sales responsibilities as chief operating officer will be assumed by acting president and CEO Jochen Zeitz.

In another move, Harley-Davidson Inc. assistant general counsel Paul Krause, who has been serving as interim chief legal officer, has been hired for the role permanently. He’s also been promoted to chief compliance officer and secretary of Harley-Davidson Inc.

A number of high-ranking executives have left the company in the span of a half-year as the company struggles to turn around a years-long slide in sales. Levatich stepped down Feb. 28. Paul Jones left his role as vice president, chief legal officer, chief compliance officer and secretary of Harley-Davidson Inc. near the end of November 2019. In October 2019, the company removed Neil Grimmer from his post as president of global brand development following an investigation that the company said showed violations of the company’s code of conduct.

The same month Heather Malenshek, who was chief marketing officer and senior vice president, marketing and brand for Harley-Davidson Motor Co., left the company, according to her LinkedIn page.

New CSN basketball coach Russ Beck recruits on Harley-Davidson

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by Ron Kantowski from https://www.reviewjournal.com

There are advantages to coaching junior college basketball in a teeming metropolis, not the least of which is that one can recruit while riding a motorcycle.

Russ Beck, who recently was named coach of the College of Southern Nevada’s rebooted men’s basketball program, has signed 10 players. All are from Southern Nevada. All it has cost is a tank of gas.

“I’m probably the the only coach in America that can do his recruiting on the back of a Harley-Davidson,” Beck said.

Which he does.

His 2003 Sportster XL gets about 43.5 miles per gallon. It is 35 miles from CSN’s Henderson campus to Centennial High on the northwest edge of the Las Vegas Valley — probably as far as Beck will ever have to go to sign a 6-foot-4-inch power forward.

It may be more difficult finding a place to play than finding players.

There is no gymnasium on CSN’s Henderson campus, so the Coyotes will practice and play at CSN’s Cheyenne campus in North Las Vegas. Selected games might be played at UNLV’s Cox Pavilion or South Point Arena, if deals can be made.

“I’ve been at Western Nebraska in Scottsbluff, which is very rural, up in Twin Falls (Idaho), Cedar City and St. George (in Utah),” Beck, 41, said of coaching stops in basketball hinterlands. “(Here) I can see hundreds of players and do most of my recruiting within 45 minutes of the office.

“One of my selling points is you get to play in front of family and friends in a big city that is easy to get to for the Division I recruiters. All these coaches have been trained to come here because of the AAU (summer) tournaments. They know where to stay, where to eat, where the gyms are.

“Now they have another excuse to come out and watch basketball.”

Already on campus

Likewise, CSN didn’t have to go far to find its basketball coach. Beck was employed by the school as an athletic academic adviser. He had a relationship with CSN athletic director Dexter Irvin, who was AD at Dixie State in St. George when Beck was a basketball assistant there.

Beck also was an assistant at Salt Lake Community College and the College of Southern Idaho, teams he’ll now have to beat in the Scenic West Athletic Conference. He spent seven years as head coach at Western Nebraska CC, winning 124 games and helping the Cougars attain a national ranking.

Junior college teams have a reputation for playing firewagon basketball with an emphasis on the fast break. Beck said he is not averse to either. But he believes to run the floor, you first must lock down on defense in the half court.

“That comes from Coach (Jeff) Kidder at Dixie College, who won a national championship and was a hall of fame coach at the junior college level and did it with a lot of Vegas kids every year,” Beck said of his defense-first philosophy.

One of those Vegas kids was Cimarron-Memorial’s Marcus Banks, who returned home to star at UNLV before being drafted in the first round by the NBA’s Memphis Grizzlies. Banks could play defense when it was called for. And even when it wasn’t.

“Limiting teams to one shot will give you a lot of offensive freedom, but that only happens when you’re getting stops,” Beck said. “There’s no fast break if the ball goes through the hoop at the other end. Then you’re taking the ball out of the net and walking it up.”

Ultimate goal

Hanging in Beck’s office is a photograph taken at the NJCAA national championship tournament in Hutchinson, Kansas, when he was coaching at Salt Lake. It reminds him of the ultimate goal.

But in the first year of the second start-up — CSN shuttered its men’s and women’s basketball programs in 2003 after one turmoil-riddled season — Beck said he’d settle for finishing in the top half of the Scenic West.

“I think we just have to be really gritty, take pride in who we are,” he said. “Maybe embrace the underdog role a little bit and that we’re in it for the city.”

As soon as the coronavirus pandemic ends and it is safe to break a sweat on defense, Russ Beck plans to jump back on his Harley and find additional 6-4 forwards (as well as some guards) who believe there’s no place like home.

“When your roster is full of kids from the same area, you can take a lot of pride in that,” he said.

World’s Longest Motorcycle Ride With No Hands Is on a Pair of Harley-Davidsons

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by Elena Gorgan from https://www.autoevolution.com

Sometimes, the biggest ideas come about in the most unexpected ways. Such an example is Shelton Foster and Mike Brick’s decision to set a new world record for the longest motorcycle ride with no hands.

In March 2015, Marcello Sarandrea set the record in Rome, Italy, riding a Yamaha Tricker 250 for 137.94 miles without touching the handlebars. At the time, Foster and Brick didn’t even know such a record existed, but they were already riding hands-free for fun.

Shelton “Big Red Machine” and Foster Mike “Brick” Wall from Dry Prong, Louisiana, are the current holders of that record title, beating Sarandrea’s feat on May 9, 2017, according to the Guinness Book of World Records. They were able to ride in sync for 185 miles, 857 feet and 5 inches without touching the handlebars, at the MSR Speedway in Angleton, Texas.

The new record was set on a pair of Harley-Davidson Electra Glides with no modifications, and verified by Guinness through extensive documentation submitted by the two riders and witness accounts, as is standard procedure. The history behind that record title is just as interesting as the accomplishment itself.

Shelton is President and Wall is VP of the Red River Chapter of the Reguladores Law Enforcement Motorcycle Club, an MC whose name needs no further explanation. They both work as correctional officers and are war veterans, and have chosen to dedicate their Harley passion and their work to raising awareness and money to an array of charitable causes, most of which focus on vets dealing with PTSD and domestic violence.

The idea for the record, which they dubbed the “Jesus take the wheel” record, came about after Wall was pulled over by a cop for riding without hands. He was eventually let go with a warning after promising to never do it again. Back home, he looked into Louisiana law to see whether there was an explicit mention on how hands-free riding was illegal, and found none.

What he did find was the previous record set by Sarandrea. Foster came up with the “Jesus take the wheel” name after a random chat in traffic with a car driver.

“I was riding in the back seat of my bike [with no hands], pulling Eva [his service dog, which was riding in a trailer],” Foster explained in an interview with Town Talk. “A gentleman pulled up next to me and rolled his window down and hollered, ‘Hey, who’s driving the bike?’ And I pointed up to the sky and said, ‘Jesus is.’ That inspired the name of the record.”

Once the decision was made, they started looking into what was needed to have the record recognized. They say their motivation for it was doing something they would be remembered by but, most importantly, knowing they would reach a bigger platform from which they could help their favorite causes. They dedicated their feat to DART (Domestic Abuse Resistance Team), Heels for Combat Boots, and Brothers and Sisters in Arms.

Most of the training was done on the open road, as befits a Hog. The first attempt was foiled by bad weather, but the second was a success. With donated SENA cameras mounted on the helmets and bikes, and help from local sponsors (including Renegade Harley-Davidson and MSR Houston), the two rode in tandem at the MSR Speedway outside Houston, completing 228 laps without once touching the handlebars at a constant speed above 30mph, which is the limit for engaging cruise control.

To further prepare, the two went on a lighter diet in the days leading up to the world record attempt, in anticipation of riding non-stop for some five hours. Getting hunger cramps while riding hands-free would have been counterproductive, obviously.

They also packed plenty of water in backpacks and other easily accessible places. Eva, Foster’s service dog, which has been trained by a Brothers and Sisters in Arms to detect when he’s about to have an anxiety attack, was at the track but did not accompany her human on the Harley.

Both Foster and Wall claim to be experts in riding without hands, and they insist it’s actually safer than you might think, as long as you’re taking extra cautions. These include not driving in heavy traffic and paying very close attention to the road, as the smallest pebble can throw you off.

“You have to pay attention to everything around you all the time, every intersection, every piece of debris on the road, every vehicle that’s texting while you’re driving, every vehicle that’s not paying attention and is swaying back and forth,” Foster explained in the same interview.

“It takes a lot of hyper-vigilance” Wall added. “You’re being more responsive to everything around you. You’re paying a lot more attention.”

As of the time of writing, the record set by Foster and Houston stands. Footage shot at the scene is available here.

https://www.youtube.com/channel/UC6IsNQW8_p_NGS9Rqozuhtw

This Custom Harley Street Bob Is Literal Gold

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by Enrico Punsalang from https://www.rideapart.com/

Sometimes all that glitters really is gold.

Few custom motorcycle builders are as unorthodox and eccentric a the folks at Polish custom shop, Game Over Cycles. Judging from their name alone, you’re certain that they churn out some pretty unique builds over there. Based on Game Over Cycles’ Instagram profile, the shop’s builds generally occupy the steampunk, tribal, and even dystopian themes.

One bike, however, stands out from the rest. This 2019 Harley-Davidson Street Bob was transformed into something entirely unique, something evoking pure emotion on the part of the owner. Dubbed the “New York – Rzeszow Motorcycle”, (don’t ask me how that’s pronounced) this bike was meant to pay homage to the places the owner calls home: New York City, and Rzeszow, a city in Poland.

One glance at this machine is not enough for you to absorb all the tributes and easter eggs that were so meticulously integrated into this work of art. I, literally, could spend hours admiring each and every detail on this bike. For instance, it pays tribute to New York City by depicting the Manhattan skyline and other notable buildings such as one of the World Trade Center towers on its wheels. This also makes the bike a 9/11 monument with more tribute pieces to the buildings involved in that fateful day. Apart from this, an exhaust manifold cover was designed to depict the Chrysler Building which was plated in 24k gold.

Additional details that honor New York culture is the logo of the New York Yankees on the timing cover. The brass fuel tank is painted in black with a subtle depiction of the Brooklyn Bridge on top. The front end was designed to represent the ruins of the World Trade Center with “9/11 Never Forget” engraved at the bottom, a thoughtful touch on the part of the owner.

Apart from the iconic New York and American heritage elements, the motorcycle also depicts Poland’s Revolutionary Act Monument. Situated between the Manhattan buildings on the wheels, it integrates itself into the bridge-shaped seat assembly to which the rear fender is attached via tension wires.

In total, it took the team at Game Over Cycles around 260 hours of C&C milling to craft the metal and golden pieces which adorn this motorcycle.

Stretched 2012 Harley-Davidson Road Glide Comes with $15k Paint Job, 6 Speakers

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by Daniel Patrascu from https://www.autoevolution.com

For garages that don’t have it in them to build a motorcycle from scratch, there are countless bikes out there that can used for a customization process. Few of them are as alluring as the Harley-Davidson Road Glide, though.

Maybe it’s the iconic shape of the motorcycle, or maybe something else, but the reality remains some of the best custom works in the industry are based on this type of two-wheeler. And some of the strangest and extreme, too.

The motorcycle we have here is a Road Glide from 2012, heavily modified by a custom shop and taken to various events across the American continent since it was completed. It is now, once again, selling, this time on the Classic Cars website.

The custom bagger is no longer its former self, having been stretched by means of welds, not bolt-ons. The front end is raked, as a means to accommodate the huge 26-inch wheel fitted at the front. And even the ride height is no longer factory-specced, as it now can be altered at will thanks to the air ride suspension fitted front and rear.

There are, of course, custom motorcycle-specific elements on it, like the polished and chromed surfaces, the alligator skin seat, or the expensive paint job, which is valued at $15,000 alone. But there are also things you don’t usually find on a motorcycle, be it custom or otherwise.

Like the 6 speakers hidden inside the hard bags at the rear. That’s right, speakers, powered by 2 Rockford Fosgate amplifiers.

The current owner of the bike says he acquired it in a trade-in. Originally, the bike and the modifications made to it are said to have cost over $100,000, and it only has 534 miles on it since completed, but the selling price is now less than half that, namely $49,500.

Harley-Davidson grants board seat to investor Impala

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#by Svea Herbst-Bayliss from https://www.reuters.com/

(Reuters) – Harley-Davidson Inc (HOG.N) said on Monday it settled a board fight with Impala Asset Management just days after the investor began pressing to replace two directors at America’s oldest and best-known motorcycle maker.

An independent director, mutually agreed on by Impala and Harley, will join the board after the company’s annual meeting, which was held in May last year, and before July 31.

Impala, which owns roughly 2% of Harley’s stock, nominated two directors two weeks ago as the $2.8 billion hedge fund wanted the iconic American brand to return to its roots after focusing on electric motorcycles and concentrate on its core riders. It had criticized the company for losing market share and for being slow to fix poor returns. In January it pushed for the ouster of Chief Executive Matt Levatich. He resigned in February after five years as CEO during which the company lost more than half of its value.

On Monday, the two sides cast aside some differences as the coronavirus outbreak makes it tougher for companies to stay in business and falling stock prices are hurting many investors.

Harley and Impala entered the “agreement in the spirit of cooperation during trying times, viewing it as a necessity to move forward,” the company said in a regulatory filing.

The $2.7 billion company’s stock fell 4.38% on Monday to $17.02, having tumbled some 50% since the start of the year.

Two weeks ago Impala nominated former auto industry executive Brent Dewar and Leo Hindery, Jr., who has public board experience, as directors to Harley’s nine member board.

Now neither will be considered for the board seat, according to the agreement. Impala will not be allowed to suggest someone working for the fund for the board seat.

Impala is run by former Soros Fund Management Chief Investment Officer Robert Bishop.

At the end of February Harley tapped long-time board member Jochen Zeitz as interim CEO but the investment fund has criticized his compensation package of as much as $8.5 million.

Zeitz, a former CEO of German apparel and footwear maker Puma, has led a push for sustainability at Harley and was a force behind The Live Wire, the company’s first production of an electric bike.

Very Famous Harley-Davidson Riders You Probably Didn’t Know About

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by Elena Gorgan from https://www.autoevolution.com/

Because they’re rich and famous, artists have access to some of the newest and most awesome rides, whether they’re cars, motorcycles, bikes or anything in between. Some they buy, some they get to try out and keep, as long as they can guarantee exposure to the brand.

Artists and celebrities are also influencers, in that they can sway public opinion towards a certain product. Sometimes, their choices are very personal and don’t have a financial goal in sight – and this seems to be the case with the three celebrities we’re going to discuss today. Call them closeted Harley riders and you wouldn’t be completely off the mark.

Given the boom in paparazzi media over the past decade and the way artists (be they actors, musicians or Internet celebrities) have been using it to further their careers, the realization that there are stars who fly under the radar comes across as strange. This allows them to harbor and feed their true passions and, for these three, those passions include riding Harley-Davidson.

Jim Carrey

Think of male celebrities riding Harleys (or any other motorcycle, for that matter) and images of Brad Pitt, George Clooney, Justin Timberlake, Keanu Reeves, David Beckham and Jason Momoa pop into your mind. They are, if you think about it, all men’s men: buff, tough, rough and, because of it, a perfect fit on a Hog.

As it turns out, so is Jim Carrey. In the early 2000s, the comedian treated himself to a custom Harley-Davidson Road King Classic, surprising even his loyal fans with his choice. After all, Carrey is known for a lot of stuff, but being the “Harley type” isn’t exactly one of them. He’s more the goofy, silly, occasionally artsy type.

Always the funny guy, though, Carrey brought his trademark humor to the Hog, according to an urban legend. Apparently, thinking it would be hilarious if he could somehow “prank” cops, he got the vanity license plate “NO TAG” for his Harley, but the idea backfired.

“No tag” is what traffic police officers write in the license plate number slot of a vehicle with no license plate during a traffic stop. Because that was Carrey’s actual plate, countless traffic tickets ended up being routed back to him.

There’s no actual evidence Carrey confirmed the report, but such an occurrence can happen. As one hacker proved at DefCon 2019, you get the same result if you try to “trick” the DMV by getting the “NULL” license plate. In short, it’s not a good idea.

Cher

Cher has always been a tough babe with an image to match, but unlike younger stars with a rock ‘n’ roll or edgier image, in her case, it’s actually grounded in reality. Cher was a longtime Harley-Davidson rider and would often use her passion and her fame to highlight charitable causes close to heart.

Younger audiences today probably don’t know about it because, well, they’re young and Cher is not anymore – even though you wouldn’t be able to say by looking at her.

Back in the ‘90s and early 2000s, the singer owned a 1994 Fat Boy, which she would often ride at Harley gatherings, all types of parades or charity events. For instance, in 1994, she made an appearance at the Happy Harley Days at Streets in Beverly Hills, California. Then, in 2003, she rode it again to New York’s City Hall on Ride To Work Day, together with other stars like Sylvester Stallone, Arnold Schwarzenegger, Peter Fonda and Hulk Hogan.

By some accounts, Cher sold her bike in 2003, but the love for the spirit of Harley never died. In 2013, for example, she showed up for a live performance on The Today Show on the back of a NYPD bike – and with a full NYPD bike escort.

Elizabeth Taylor

Liz is the most surprising Harley rider on this short list. The screen icon, famous for her mermerizing eyes, adventurous love life and, last but not least, a completely uncensored love of diamonds, is the least likely match for the “biker type.” Yet, she owned a Harley, loved it and rode it for quite some time.

In September 1987, Taylor was presented with a very unique gift by her good friend and occasional lover, magazine publisher and bike collector Malcolm Forbes: a custom 1988 Harley-Davidson 883 “Hugger” she named Purple Passion. Purple, as you may have heard, was Liz’s favorite color.

Forbes had his own motorcycle club, the Capitalist Tools, and Taylor would often go on rides with them. When she got the Harley, she’d been taking riding lessons for a few weeks, so her first ride was on the back, with Forbes in the front. After that first experience, she described her new bike as “super.”

As a welcome into the small community, Forbes also gave Taylor a biker ring and she got fake tattoos on her arms. She presented him with a silver ring – a helmeted skull with ruby eyes – as a thank-you. Photographic evidence shows Taylor continued to ride for years after that, so unlike her lovers, the Harley didn’t bore her right away.