I can't wait to get a look-see at this new engine. I haven't done much research on it. Anyone know if it's liquid cooled?
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http://torontosun.com/Money/2006/07/18/1689974-sun.html
By COLIN FLY, THE ASSOCIATED PRESS
MILWAUKEE -- Motorcycle maker Harley-Davidson Inc. said yesterday it is incorporating a new engine and rumble into some of its bikes as it announced its second-quarter profit grew 3% buoyed by double-digit growth in international sales.
"The look, sound and feel of a Harley-Davidson starts with the V-Twin engine," said Jim Ziemer, the company's president and CEO.
It's the first engine overhaul since 1999, when the company introduced the Twin Cam 88. Ziemer said the new Twin Cam 96 will provide a new noise the motorcycle maker made famous.
"We've retuned the mufflers with the new engines," Ziemer said. "It's not noisier, it's a better sound, a more quality sound. You can hear it ... it's a sweet sound."
Earnings rose to $243.4 million US, or 91 cents US per share, for the three months that ended June 25 compared to $237.4 million US, or 84 cents US per share, during the same period last year.
Revenue grew 3% to $1.38 billion US from $1.33 billion US last year.
The company said U.S. retail motorcycle sales grew 8.1%, while international sales jumped 17.3%.
Last year, the European market grew due to a price cut. This year, the market increased without similar moves. Ziemer said the increase was due to several factors -- including retooling the dealer network, improving distribution and providing products more suited to the European riding style.
Worldwide, Harley-Davidson's dealer network sold 125,000 motorcycles during the quarter, a 10% rise over the prior-year period.