News

Posted February 21, 2024

PHILADELPHIA (BRAIN) — A settlement was reached Friday in State Farm Insurance Company's civil action lawsuit against Rad Power Bikes on behalf of an insured homeowner client who suffered property damage after his e-bike caught fire.

Posted February 21, 2024
Led by Fitness products, Q4 revenue increases 13% year-over-year.

OLATHE, Kan. (BRAIN) — Garmin Ltd. posted record revenue for 2023, while fourth-quarter revenue increased 13% year-over-year boosted by the Fitness segment.

Posted February 20, 2024
GT Managing Director Jason Schiers.

ALISO VIEJO, Calif. (BRAIN) — GT Bicycles is amid a transformation back to its IBD and off-road roots, the company says, and longtime industry pro Jason Schiers has had a lot to say about it.

Posted February 16, 2024

UTRECHT, Netherlands (BRAIN) — The Dutch Food and Consumer Product Safety Authority told the Accell Group cargo brand Babboe to stop selling its bikes for not investigating a series of reported broken frames as required by law.

Posted February 15, 2024

NEWARK, N.J. (BRAIN) — Samuel Mancini, who pleaded guilty nearly two years ago to securities fraud in connection to a failed plan to buy up several legacy Italian cycling brands, is now asking the court to schedule his sentencing hearing.

Posted February 15, 2024

WASHINGTON (BRAIN) — A public comment period ends next Wednesday, Feb. 21, for industry members and others who want to tell the U.S. Trade Representative's Office how they feel about extending an exclusion from a 25% tariff on Chinese-made bicycle products.

Posted February 15, 2024

WASHINGTON (BRAIN) — Bell Sports is recalling its Soquel youth helmets because the strap anchor can dislodge and fail to protect during a crash, violating the Consumer Product Safety Commission's federal helmet regulation.

Posted February 14, 2024
Mavic's motor.

After a tumultuous few years, iconic French brand Mavic is looking to regain its footing. And Mavic’s comeback includes a foray into technology based not around wheels, but a bottom-bracket based e-bike motor.

Posted February 13, 2024
Tim Rutledge at the Sea Otter Classic. Photo courtesy of Gork Barrette.

KENT, Wash. (BRAIN) — Tim Rutledge, a longtime industry product manager and legendary cyclocross and road racer, died Monday after a battle with cancer. Friends and family confirmed his passing to BRAIN on Tuesday. He was 65. 

Posted February 13, 2024
Jacob English.

BOULDER, Colo. (BRAIN) — For our February magazine edition, we asked our State of Retail panel members: What are you doing to ensure the success of your business over the next five-plus years?

Posted February 13, 2024
Company says North American bicycle interest remains ‘firm.’

TOKYO (BRAIN) — Shimano announced full-year 2023 sales in its bicycle division of 364,679 million yen ($2.42 billion) on Tuesday, a 29.5% decrease from the year before. Operating income in the division was down 55%, to 65,251 million yen. 

Posted February 12, 2024

NEWBURY PARK, Calif. (BRAIN) — Giant Group will sell bikes through about 25 specialty stores owned by Dick's Sporting Goods, including House of Sport, Public Lands, and Moosejaw locations.

Posted February 12, 2024
Screenshot from FDNY video.

NEW YORK (BRAIN) — City Lithium-ion Task Force officials closed a Queens e-scooter business last week saying the location was rebuilding lithium-ion battery packs into what it labeled "Frankenstein batteries" that violated the city fire code.

Pages