Industry News
WASHINGTON (BRAIN) — While President Donald Trump announced Tuesday that his administration will delay some tariffs on Chinese imports until Dec. 15, most bicycle products remain on a list subject to increased tariffs Sept. 1.
LITTLE ROCK, Ark. (BRAIN) — Tony Karklins and HIA Velo have settled the lawsuit Karklins had filed against the company last fall.
TAICHUNG, Taiwan (BRAIN) — Giant Manufacturing Co. LTD enjoyed a 5.3% increase in first half revenue driven by growing demand for e-bikes in Europe as well as favorable exchange rates. Recovering sales in China also helped boost revenue. Giant reported its first half numbers Wednesday.
VANCOUVER, British Columbia (BRAIN) — Power2Max, which has been offering a crank spider-based power meter since 2011, is one of the best known power meter brands in Europe but has considerably smaller visibility in North America.
SEATTLE (BRAIN) — Rad Power Bikes will provide e-bikes exclusively to Domino’s pizza franchises later this year, according to an agreement announced Tuesday.
TUCSON, Ariz. (BRAIN) — After those first few pedal strokes, tire pressure becomes an afterthought for most cyclists. An undetected slow leak can change that in a hurry.
It did for Kurt Stillman.
CHATTANOOGA, Tenn. (BRAIN) — American Bicycle Group — which said it has grown 70% in recent years and added 18 new jobs at its facility here — was honored at a White House "Made in America Product Showcase" in mid-July.
NEW YORK (BRAIN) — Accell North America is bringing fresh blood to two of its legacy brands, Redline and Raleigh, through collaborations with celebrity artists and designers.
YUCAIPA, Calif. (BRAIN) — While the number of agencies using e-bikes is unknown, a police bicycle safety group said their adoption is "growing rapidly," further fueling the e-bike market.
CAPE TOWN, South Africa (BRAIN) — Leatt Corp. revenues increased 10% in the second quarter over the same period last year.
NEW YORK (BRAIN) — Vista Outdoor says sales in its Action Sports division, which includes Bell, Giro, and Blackburn, were strong in the specialty channel in its Q1, but sales in the mass market channel were soft.
HEERENVEEN, the Netherlands (BRAIN) — Accell Group N.V. has agreed to sell its U.S. business, including the worldwide registrations for Diamondback, Redline and IZIP, to Regent LP, the California investment firm that bought Mavic earlier this year.
ANNECY, France (BRAIN) — Mavic is enjoying a new freedom following its sale to a U.S. investment group.
WASHINGTON (BRAIN) — Call it the battle of the emails in the war over e-bike access on non-motorized public lands.
COLORADO SPRINGS, Colo. (BRAIN) — Quality Bicycle Products has agreed to acquire Barnett Bicycle Institute from the National Bicycle Dealers Association for an undisclosed amount.
SAN FRANCISCO (BRAIN) — Bike-share company Lyft said Friday vandalism has not been ruled out as the cause for two Bay Wheels e-bikes catching fire in the past week and sidelining the entire fleet.
CHICAGO (BRAIN) — Share-bike company Social Bicycles — now known as JUMP and owned by Uber — filed a $75,000 lawsuit against the city of Chicago on Friday, alleging it improperly granted its primary competitor exclusive rights to operate.
LAFAYETTE, Colo. (BRAIN) — A Denver television station is reporting that police may have found the van involved in the hit-and-run collision that left industry veteran Andrew Bernstein in serious condition in the hospital.
MONTREAL (BRAIN) — Dorel Sports revenue was up 7.4% in the second quarter, to $241 million, according to a financial report Friday from Dorel Industries, the company's parent.
Dorel Sports contains the company's bike brands, Cannondale, Schwinn, Caloi, GT, Mongoose and KidTrax.
SAN FRANCISCO (BRAIN) — Lyft's share-bike division in the San Francisco Bay Area has removed its e-bikes from service after two caught fire within the past week. The first Bay Wheels e-bike ignited Saturday and the other on Wednesday, when Lyft removed the fleet. The battery appears to be the source. Nobody was injured.
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