NEW YORK (TheStreet) --CNBC's Sue Herera joined this morning's "Squawk on the Street" to report on the settlement agreement Harley-Davidson (HOG) has reached with the Environmental Protection Agency (EPA) for allegedly violating the Clean Air Act.
"The EPA alleged that by selling its pro super-tuner through dealer networks for Harley, that the company enabled dealers and customers to tamper with the motorcycles used on public roads," Herera reported.
Additionally, Harley-Davidson has released a statement about the lawsuit and the company's subsequent settlement agreement:
"This settlement is not an admission of liability but instead represents a good faith compromise with the EPA on areas of law we interpret differently, particularly EPA's assertion that it is illegal for anyone to modify a certified vehicle even if it will be sued solely for off-road, closed-course competition."
Shares of Harley-Davidson were lower during late-morning trading on Thursday.
Separately, TheStreet Ratings team rates the stock as a "buy" with a ratings score of B.
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.
You can view the full analysis from the report here: HOG