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Harley-Davidson has been around for 116 years - but the iconic American company is facing new challenges

In 1903, William Harley and Arthur Davidson founded the company that would bear their names. William's brother, Walter (shown here) became the company's first president and also an early Harley racer.

Harley-Davidson has been around for 116 years - but the iconic American company is facing new challenges

Harley-Davidson's first motorcycles were essentially bicycles with engines.

Harley-Davidson

Two world wars helped Harley-Davidson to create the brand's image of freedom that it's still known for today. The company produced bikes for both World War I and World War II.

Two world wars helped Harley-Davidson to create the brand

The motorcycles earned a reputation for performance and attitude. Here's world land speed record holder Malcolm Campbell astride a Harley in 1935.

The motorcycles earned a reputation for performance and attitude. Here

Robert Craig "Evel" Knievel put Harley XR-750s to use in his widely watched stunt jumps.

Robert Craig "Evel" Knievel put Harley XR-750s to use in his widely watched stunt jumps.

And of course Harley's rebellious image was enhanced when Peter Fonda, Dennis Hopper, and their Harley choppers hit the road for 1969's "Easy Rider."

And of course Harley

Hopper took a seat on Fonda's bike a few years later.

Hopper took a seat on Fonda

Harley continues to be known for big highway cruisers that can sell for over $40,000.

Harley continues to be known for big highway cruisers that can sell for over $40,000.

The Harley rider community is vast. And it likes nothing more than to gather for massive annual rides, especially the one that ends in Sturgis, South Dakota.

The Harley rider community is vast. And it likes nothing more than to gather for massive annual rides, especially the one that ends in Sturgis, South Dakota.

The company is still proudly headquartered in Milwaukee, WI.

The company is still proudly headquartered in Milwaukee, WI.

Two American factories — one on Wisconsin, one in Pennsylvania — produce the legendary V-Twin engine ...

Two American factories — one on Wisconsin, one in Pennsylvania — produce the legendary V-Twin engine ...

... And the all-American motorcycles that have made the company's reputation.

... And the all-American motorcycles that have made the company

Harley hit a rough patch during the financial crisis and refocused the company on the core brand. The Buell sport bike brand was dropped, and Harley shed the Italian MV Agusta nameplate.

Harley hit a rough patch during the financial crisis and refocused the company on the core brand. The Buell sport bike brand was dropped, and Harley shed the Italian MV Agusta nameplate.

The comeback worked, but Harley has two new problems: declining ridership in the US and an aging customer base; and then President Donald Trump, who's messing with business by threatening trade wars and complaining about Harley shifting production outside the US.

The comeback worked, but Harley has two new problems: declining ridership in the US  and an aging customer base; and then President Donald Trump, who

CEO Matt Levatich, consequently, has the toughest job in the business.

CEO Matt Levatich, consequently, has the toughest job in the business.

But he's pushing Harley into the future. The all-electric LiveWire is scheduled to arrive in 2019.

But he

And Harley has been developing smaller bikes to appeal to younger riders ...

And Harley has been developing smaller bikes to appeal to younger riders ...

... While at the same time maintaining its cruiser game to compete with a resurgent Indian, one of Harley's historic rivals.

... While at the same time maintaining its cruiser game to compete with a resurgent Indian, one of Harley

Ultimately, the company's success could depend on getting a new generation of riders into the saddle and convincing them to "live to ride and ride to live."

Ultimately, the company

Regardless of what happens, Harley will remain Harley. It isn't yet time for the sun to set on the greatest motorcycle brand in history.

Regardless of what happens, Harley will remain Harley. It isn

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