Jan-Willem van Schaik

SEVILLA, Spain - The European Cycling Declaration announced by European Commissioner for Transport Adina Vălean was welcomed by the European industry and users organizations. The EU wants to take more decisive action on urban mobility and cycling is meant to contribute to the EU's increasingly ambitious climate and environmental objectives.

BERLIN, Germany - Online vendor Signa Sports United is taking instant action to face continuing macroeconomic headwinds, oversupply in the market and severe liquidity and profitability challenges. The company announced a series of restructuring measures including the termination or winding down of non-performing assets, the rightsizing of under-performing business units as well as the evaluation of disposals of non-core assets.

TAMPERE, Finland - Manufacturer of the Revonte One e-bike drive system with integrated, automatic stepless transmission filed for bankruptcy at the end of September. After successfully starting the production of the system and making the first customer deliveries, the company was not able to secure further funding in a very difficult market situation.

TAICHUNG, Taiwan - The expanding e-bike market in the transition to sustainable mobility gave Taiwan a key role in the ever-changing landscape of transportation. "Taiwan is dedicated to reduce its carbon footprint while sustainability has become an essential aspect of responsible business practices," stated TAITRA CEO Simon Wang at the Taipei Cycle 2024 press conference last week.

CHICAGO, USA - The long expected official statement by SRAM on the introduction of an e-bike dive system came in today. Remarkably and without giving any explanation, SRAM writes that the drive unit is powered by Brose.

TURIN, Italy - This year's closing event of the surface finishing partners in the industry, the sppot, will take place at the Eurotherm facility in Turin. Here the partners will present a live event dedicated to technical expertise and innovations in the bicycle and sporting goods industry.

EINDHOVEN, the Netherlands - Shimano has issued a voluntary inspection and replacement program for its bonded 11-Speed Hollowtech II road cranksets. Worldwide, a total of 2.8 million sets, produced between June 1, 2012, up to and including June 30, 2019, are included in this announcement.

TAICHUNG, Taiwan - The high inventory levels in the industry will have their impact on the Taichung Bike Week next week. According to industry insiders the annual product managers gathering at the heart of the industry in Taichung can expect less visitors than before.

MILAN, Italy - The Competition and Market Authority (AGCM) in Italy has started an investigation against Robert Bosch GmbH to verify the claim of abuse of their dominant position on the European market for e-bike drive systems.

ANNECY, France - Component manufacturer Mavic has announced a change in its market strategy. To improve its presence on the OEM market again, component manufacturer Mavic opened a facility in the US and has hired experienced François Joly as OEM business unit manager.