News
WASHINGTON (BRAIN) — Peloton is recalling about 833,000 of its Original Series Bike+ exercise models because the seatpost assembly can break.
There have been three reports of the seatpost breaking and detaching and two reports of injuries because of falling.
WASHINGTON (BRAIN) — Lezyne USA is recalling about 7,500 Pressure Over Drive and Digital Pressure Over Drive tubeless floor pumps because the canister can forcefully eject from the base when pressurized, posing a risk of injury.
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation revenue increased 18% year-over-year as all of its head-to-toe protective gear categories — mountain bike, moto, and off-road adventure riding — grew by double digits during the period.
(BRAIN) — SRAM has expanded distribution and servicing of its brands in Eastern Europe through Aspire Sports.
(BRAIN) — YT Industries USA announced it will close after failing to reach an agreement with YT Industries Germany.
PORTLAND, Ore. (BRAIN) — OTTO DesignWorks LLC, the parent of the OTTOLOCK brand, has sold its brand and assets to Pacific Die Casting Corporation (PacDie), a long-time manufacturer for OTTO.
MILWAUKEE (BRAIN) — Ben’s Cycle has acquired Euro-Asia Imports’ inventory following the specialist distributor’s closing in August after more than 50 years selling mostly high-end parts for road, touring, and fixed-gear bikes.
FRANKFURT (BRAIN) — Eurobike’s organizers say they were taken by surprise when two German trade groups announced Thursday that they were pulling their support for the show.
SEATTLE (BRAIN) — A Washington state man is suing Specialized Bicycle Components after suffering injuries following a crash on a Turbo Levo e-MTB he said was caused by a known motor defect.
VISTA, Calif. (BRAIN) — The Haro brand is not shutting down nor pausing, CEO Bjarke Rasmussen told BRAIN, but it did cut its U.S. staff by about a third in the spring and reorganized its sales staff to adjust to a turbulent U.S. market affected by tariffs.
WASHINGTON (BRAIN) — Giant Group says it met with Customs and Border Protection officials in Washington in late October to discuss the Withhold Release Order that CBP placed on shipments from Giant's Taiwan factory because of alleged labor rights violations.
OLATHE, Kan. (BRAIN) — Garmin Ltd. consolidated revenue increased 12% year-over-year in the third quarter led by the Fitness segment that includes cycling products.
TOKYO (BRAIN) — Shimano's sales of bicycle products through the first nine months of the year totaled 266,243 million yen ($1.749 billion), up 5% from the same period last year. Bicycle-related operating income in the period was down 27% from the same period last year, to 30,161 million yen.
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