Industry News

MINNEAPOLIS (BRAIN) — As the industry continues to suffer from a shortage of qualified mechanics, a new organization, the Bicycle Industry Employers Association, has established a curriculum of college-level classes, scheduled to launch in September 2020 at the Minneapolis Community and Technical College.

More and more bike brands are manufacturing PPE or making other donations to aid in the battle against COVID-19. Here are some of the reports we've received this week.

Tagged Coronavirus
Updated: Treasury secretary, SBA administrator make plea to Congress for more funds.

WASHINGTON (BRAIN) — With the Small Business Administration nearing the limit of Paycheck Protection Program loans it can issue, U.S. Treasury Secretary Steven T. Mnuchin and SBA Administrator Jovita Carranza jointly issued a statement Wednesday night calling for Congress to approve additional funding.

Tagged Coronavirus
Aimée Lapic joins company as chief digital officer.

SAN MATEO, Calif. (BRAIN) — GoPro Inc. announced a workforce reduction of more than 20% to reduce operating expenses in the wake of the COVID-19 pandemic, the company announced in a statement Wednesday afternoon.

The Paycheck Protection Program originally authorized $349 billion in forgivable loans.

WASHINGTON (BRAIN) — The Small Business Administration said Tuesday that as of noon Eastern time it had approved $253 billion in forgivable loans during the program's first 12 days.

Tagged Coronavirus
Thompson during a recent 60th birthday ride with colleagues.

NEWBURY PARK, Calif. (BRAIN) — BRAIN checked in with Giant Group's U.S. general manager, John "JT" Thompson, this week to get his view of how the U.S. industry is handling the COVID-19 pandemic. 

Tagged Coronavirus
A look at the programs as a few more bike companies join the battle.
Chris Fortune pilots the e-delivery bike.

Specialized, Santa Cruz and Saris have each revealed some details of their efforts to help the fight against COVID-19.

Tagged Coronavirus

OLATHE, Kan. (BRAIN) — In the second half of March, Garmin device users recorded a 63% increase in indoor cycling, compared to the same period the year before, the company revealed Thursday.

WASHINGTON (BRAIN) — The Federal Reserve infused the Paycheck Protection Program and others with $2.3 trillion in loans Thursday to further support small businesses in the wake of the COVID-19 pandemic.

Tagged Coronavirus

BRASELTON, Ga. (BRAIN) — Fox Factory Holding Corp. has suspended non-essential operations at its North American factories due to COVID-19. The company also has lowered its earnings guidance for its first fiscal quarter and suspended full-year guidance.

Tagged Earnings/Financial Reports
Following 60 days of feedback from the public and groups, the policy could become federal regulation.
The Interior department's proposal to allow e-bikes is under review.

WASHINGTON, D.C. (BRAIN) — The U.S. Department of Interior's policy proposal last year to regulate e-bikes as traditional bikes on non-motorized lands is now under standard review with a public comment period.

Tagged Electric bike
Photo: EUROBIKE Friedrichshafen

FRIEDRICHSHAFEN, Germany (BRAIN) — The organizer of the Eurobike trade show says he is still uncertain whether the trade show will be held as planned in early September, and said the show has dates in late November reserved as a "Plan B" in case the COVID-19 crisis forces a postponement of the September show.

Tagged Coronavirus / Eurobike

SALT LAKE CITY (BRAIN) — Some event news as the COVID-19 shuffling and re-shuffling continues: CrankTank's Impact media event tied to the Dirty Kanza 200 gravel race will move, with the race, to September.

Tagged Coronavirus / Events / Tradeshows and conferences / Impact Media Summit
Wren (left) and Cuomo.

VALLEJO, Calif. (BRAIN) — Former Cannondale coworkers Stephen Cuomo and Kevin Wren are getting the gang back together at Wren Sports. Cuomo is joining the company as vice president of sales.

Thule's 3D printers are now making face shield parts.

CHICAGO (BRAIN) — SRAM, Thule and Aventon have joined a growing group of industry brands making or donating masks for COVID-19 responders.

Employees at SRAM's Zipp facility in Indianapolis are now making masks for hospitals in the area.

Tagged Coronavirus

SCOTTS VALLEY, Calif. (BRAIN) — Bell and Giro have joined the Goggles for Docs program, which is sending sports goggles to healthcare workers during the COVID-19 pandemic.

DURANGO, Colo. (BRAIN) — The newest episode of the Channel Mastery podcast was produced in response to many questions about the typical consumer mindset during the pandemic.

Tagged Coronavirus / Podcast
Fox Racing and Smith Optics are also donating goggles.
100% is donating protective eyewear to first-responders and medical personnel.

SAN DIEGO (BRAIN) — Performance eye protection has been a focus of 100% with its lines of sunglasses and goggles.

Until two weeks ago.

Now the focus is clearly necessary eye protection.

Tagged Coronavirus

SEATTLE (BRAIN) — Evelo, a Seattle-based e-bike brand, has access to personal protective equipment, including face masks, from some of its Chinese and Hong Kong suppliers.

Tagged Coronavirus

WATERLOO, Wis. (BRAIN) — Trek Bicycle is offering free home delivery throughout the continental U.S. for online bike orders through May 1 to provide better access to cycling during the COVID-19 pandemic.

Tagged Coronavirus


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