Shimano US Recalls Pro Handlebar Stems
Shimano American Corporation today announced a voluntary recall of a Pro mountainbike handlebar stem. It appeared that the bolts holding the front plate of the stem to the stem body can be pulled out of the threads...
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Pon Finalizes Cervélo Acquisition
Xeno Grimmelt, Senior Vice President Pon Bicycle Group, Phil White, CEO and co-founder of Cervélo and Mathias Seidler, Chairman of Derby Cycle (pictured here from left to right) have successfully concluded negotiations...
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Clean Mobile Applied for Insolvency
Electric drivetrain supplier Clean Mobile AG applied for insolvency beginning February. According to the receiver, Dr. Christian Gerloff from the Munich based law firm Ott Gerloff, Clean Mobile has a good chance to...
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Derby Cycle Reports Revenue Growth Q1 2011/2012
Derby Cycle reports a growth in revenue of 6.6%, from 37.8 million euro in the prior‐year period to 40.3 million euro in the first quarter of 2011/12 as of December 31, 2011.
‘Good start’
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Booming Chinese Market Spurs Shimano’s 2011 Sales
Shimano Group managed to increase its net income by 3.9% to 19,862 million yen (217.9 million euro) during the fiscal year 2011, say the company’s financial results. Net sales rose 3.8% to 211,770 million yen (2,323...
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