News

TAICHUNG, Taiwan (BRAIN) — Giant Group says U.S. Customs and Border Patrol officials never visited its factories or had any direct contact with the company before announcing Wednesday that would detain Giant shipments to the U.S. because of alleged forced labor.

BETHESDA, Md. (BRAIN) — Nearly four months after approving the e-mobility and lithium-ion battery testing standards, the Consumer Product Safety Commission submitted it to the Office of Information and Regulatory Affairs (OIRA) last month for review, a new and controversial procedure instituted by a presidential executive order.

(BRAIN) — The founder of YT Industries says he plans to buy the company back after he was unable to find a buyer during a self-administration insolvency in Germany this summer. He also said most of the remaining staff in Germany has been laid off. YT's U.S. operations are unaffected.

(BRAIN) — Blaupunkt, the car audio brand that began selling folding e-bikes in 2018, plans to move its e-bike assembly for the U.S. market from Paraguay to Western North Carolina.

HICKORY, N.C. (BRAIN) — DeFeet has a new custom sock program with no minimum orders with retailers allowed to order as few or as many as they like with a custom logo.

WASHINGTON (BRAIN) — Customs and Border Protection on Wednesday said it will detain bikes, bike parts and accessories made by Giant in Taiwan because of allegations of forced-labor use. The ruling appears to apply to products sold under Giant's brands or produced by Giant in Taiwan for other brands.

TAICHUNG, Taiwan (BRAIN) — As the industry gathered here last week for Taichung Bike Week, a low-key but important OE event, companies are struggling with pockets of high inventory, pervasive fear of discounting, wars that are disrupting supply chains and markets, historically high U.S. tariffs, and high fuel costs in Europe, among other disruptions.

LONDON (BRAIN) — Canyon is the first to adopt the Release Layer System, which includes exterior panels that can "shed" from the helmet to attenuate rotational forces.

MORGAN HILL, Calif. (BRAIN) — Longtime industry executive Keith Hnatiuk, who worked for HLC, Canyon Bicycles USA, and Specialized Bicycle Components, died from stomach cancer. He was 66.

ATHENS, Greece (BRAIN) — At least 500 containers filled with e-bikes were among those seized by the European Public Prosecutor's Office for allegedly importing Chinese goods into the EU market and evading customs duties and value-added taxes. Six people were charged.

WASHINGTON (BRAIN) — YooxArmor is recalling about 1,780 multi-purpose kids' helmets sold on Amazon because they violate mandatory impact standards, positional stability, labeling, and certification requirements.
TOKYO (BRAIN) — Shimano has apologized after Japanese authorities cited the company for delaying payment to some subcontractors.