Industry News

WASHINGTON (BRAIN) — President Joe Biden released a revamped climate-change plan Thursday as part of his Build Back Better Act that includes restoring the originally proposed e-bike tax credit percentage while keeping the bicycle commuter benefit unchanged.
NORTHVALE, N.J. (BRAIN) — Police investigators say Christian Giron used a hand-held sledgehammer to kill his Jamis Bicycles co-worker Jeanette Willem at the brand's headquarte

SEATTLE (BRAIN) — Existing investors are pumping another $154 million into Rad Power Bikes, following a $150 million investment announced in February.

STOCKHOLM (BRAIN) — Bike helmets continue to lead MIPS' revenue surge during the bike boom with third-quarter net sales increasing 81% year-over-year.
NORTHVALE, N.J. (BRAIN) — Prosecutors say a suspect is in custody and a homicide investigation is underway after a body was found at the Jamis/G. Joannou Cycle headquarters here.

OLATHE, Kan. (BRAIN) — Garmin Ltd. revenue increased 7% year-over-year, aided by a slight jump in fitness sales driven by cycling and wearable products.

Shimano said it increased production during the period and that its new 12-speed Dura-Ace and Ultegra groups "were enormously well-received by customers."

WILTON, Conn. (BRAIN) — Dorel Sports General Manager Nick Hage said plans to bring Cannondale assembly back to the U.S. actually began a couple of years ago, and with supply-chain constraints currently hampering the industry, the timing of the announcement couldn't be better.

RINCON, Ga. (BRAIN) — In a move to ease supply chain constraints, Cycling Sports Group is opening a bike assembly facility in this community outside Savannah.

BATON ROUGE, La. (BRAIN) — Baseball and softball equipment manufacturer Marucci Sports announced Monday it has acquired Lizard Skins. Terms were not disclosed.

BOULDER, Colo. (BRAIN) — The driver who struck industry communications professional Andrew Bernstein in 2019 pleaded guilty to reduced charges on Friday and was sentenced to two years in prison.

OSAKA, Japan (BRAIN) — Shimano says a website that appears to be offering clearance Shimano bike and fishing gearing is not legitimate.
The company said consumers should beware of shimano-clearance (dot) store.

STOCKHOLM (BRAIN) — Thule Group's net sales increased 13.8% year-over-year in the third quarter in part because of fulfilling demand despite a tangled global supply chain, the company said.

BOULDER, Colo. (BRAIN) — The driver involved in the hit-and-run collision that seriously injured an industry veteran while cycling is expected to receive a stipulated sentence of two years in prison, mandatory parole, and restitution when he is arraigned Friday.

NEWPORT, Calif. (BRAIN) — Don DiCostanzo, the founder and CEO of the e-bike company Pedego, traveled with actor William Shatner on his way to Shatner's recent space flight aboard Jeff Bezos' Blue Origin rocket.
PORT WASHINGTON, N.Y. (BRAIN) — A global private equity firm is in the process of acquiring The NPD Group, which provides market research and analytics to industries and clients worldwide including the U.S. bike industry.

BOULDER, Colo. (BRAIN) — For our October magazine edition, we asked our State of Retail panel members: Which in-person trade shows and dealer events will you attend this year, and how relevant are these events to you in the post-COVID, post-Interbike world?

Quirk is the founder of Competitive Cyclist and former head of Rapha North America and Allied Cycle Works.