News
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.
PORTLAND, Ore. (BRAIN) — Chris King Components will work with NOBL Wheels to fulfill warranty claims for its rims that were manufactured by CSS Composites, which closed Oct. 1.
AUSTIN, Texas (BRAIN) — According to the American Academy of Pediatrics, most kids learn to ride a bike at between ages 4 and 7. Woom's newest balance bike aims to accelerate the learning curve.
WASHINGTON (BRAIN) — The Consumer Product Safety Commission issued a warning to stop using Favoto bike helmets because they violate safety requirements for positional stability, certification, and labeling.
BUCHA, Ukraine (BRAIN) — The Ukraine Bicycle Project was founded 25 years ago and eventually provided locally manufactured and sourced city bikes for transportation here. When Russia invaded in 2022, priorities changed somewhat but the project's determination to continue manufacturing and providing bikes never wavered.
TAIPEI, Taiwan (BRAIN) — Taiwan's three publicly traded bike factories are reporting their sales were down in September, year-over-year, although Ideal Bike, the smallest of the three, recorded sales closer to flat.
DENVER (BRAIN) — Strava has dropped the patent infringement lawsuit it filed against Garmin 20 days ago.
STOCKHOLM (BRAIN) — Thule Group's net sales rose 7.9% year-over-year in the third quarter aided by last year's Quad Lock acquisition. Organically, sales declined 4%.
STOCKHOLM (BRAIN) — MIPS third-quarter net sales increased 10% year-over-year despite the helmet technology brand saying tariffs in the U.S. market required raising prices to manage costs.
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