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MONTEREY, Calif. (BRAIN) — Bike sharing is expanding so rapidly that city governments are hard-pressed to develop appropriate rules for companies intent on developing new markets.

WASHINGTON (BRAIN) — Lance Armstrong has agreed to pay $5 million to the U.S. government to settle a federal lawsuit over alleged false claims to the U.S. Postal Service.

MONTEREY, Calif. (BRAIN) — While Pivot's Shuttle e-MTB was launched in Europe last year, it's making its U.S. debut here at the Sea Otter Classic. Pivot has sold out of the first three initial production batches for the U.S. A few of the brand's top dealers stocked them for the past few weeks.

MOUNT PROSPECT, Ill. (BRAIN) — Participation in team sports by children age 7-17 showed a 5.8 percent decline last year according to the latest data released by the National Sporting Goods Association.

PETALUMA, Calif. (BRAIN) — Upscale mountain bike clothing maker Kitsbow is working with glove maker Mechanix Wear on a new line of mountain bike gloves that will be launched later this year. Kitsbow plans to offer two models of riding gloves with Mechanix branding. 

MONTEREY, Calif. (BRAIN) — It's a tentative move couched in words like "cautious," "respectful," "tentative," and "complex." But the Bicycle Product Suppliers Association and PeopleForBikes have agreed to examine whether the BPSA should move to combine forces with the industry's leading advocacy association.

MONTEREY, Calif. (BRAIN) — Marin Mountain Bikes Inc., and Hawley-Lambert have announced a new sales partnership for all IBD sales in the U.S.

MONTEREY, Calif. (BRAIN) — Arizona will become the ninth state in three years to enact the industry's model e-bike legislation if, as expected, Gov. Doug Ducey signs a bill the state Legislature passed this week.

The POC Coron Air helmet with SPIN.

STOCKHOLM (BRAIN) — MIPS and POC Sweden say they have agreed to settle a legal dispute over intellectual property used in ski and bike helmets. The companies say they have agreed to work together to develop safer helmets.

SIMI VALLEY, Calif. (BRAIN) — Accell North America has added its Haibike electric mountain bike brand to its omnichannel program with the launch of an e-commerce site for the brand.

TEMPE, Ariz. (BRAIN) — Pivot Cycles has hired John Pentecost to help lead its International Sales team. Pentecost was a co-founder of Evil Bikes and E-Thirteen Components, and he's since served in senior sales and marketing roles at Race Face and Yeti. 

Photo courtesy team BMC.

ZURICH (BRAIN) — Andreas "Andy" Rihs, the owner of the BMC bike company and its pro race team, died Wednesday at age 75, according to the brand. Reports say Rihs was suffering from cancer. 

New Product

MONTEREY, Calif. (BRAIN) — GÜP Industries is launching a combination tire inflator and sealant canister at the Sea Otter Classic this week.

Industry Stock Chart

NameCurrentChange
Accell Group 19.604.93
Amer Sports 16.550.00
Dorel Industries 29.040.00
Emerald Expositions 19.630.77
Fox Factory 35.00-2.3
Giant Manufacturing 154.503.00
Merida Industries 131.000.00
Shimano 136.140.00
Sports Direct 378.300.67
Sun Race Sturmey-Archer Inc. 63.00-0.3
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