Problems Rising at Cycleurope; GM Mathieu Dismissed
ROMILLY, France Vincent Mathieu, GM of Cycleurope in France, has been dismissed. The news about Mathieu comes after a recent move from Cycleuropes ...
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Take Over of Vuelta International
BOLOGNA, Italy - Vuelta International has been taken over. The renowned Italian rim & wheelmaker is now owned by a private investment company called ...
Arkus Polands Export Director: We are NOT Guilty!
MAARSSEN, Netherlands - Yesterday, we reported on an alleged surprise check by EU inspectors at the Polish Arkus bike factory. The charges would have ...
Dorel Profit Drops 35% on Weak Bicycle Sales
TORONTO, Canada (Mar 3) - Dorel Industries Inc.'s fourth-quarter profit sank 35 %, the maker of furniture, children and recreational products said on ...
Hero Honda Q3 Profit Rises 20%
MUMBAI , India (Feb 1) - India's top motorcycle maker, Hero Honda Motors Ltd., posted a better-than-expected 20 % rise in profit on robust sales. Hero ...
Shimano Cuts Forecast on Oversupply
OSAKA, Japan (Aug 23)- Shimano Inc., the world's largest maker of bicycle parts, trimmed its full-year forecast for the second time in three months as ...
Hero Honda Q1 Profit Up, Outlook No So Good
BOMBAY , India (July 18) - India's top motorcycle maker, Hero Honda Motors Ltd., posted a weaker-than-expected 7% rise in quarterly profit as high raw ...
ACT Backs Enquiry into State of UK retail
LONDON, UK (June 14) - ACT is backing a parliamentary enquiry to investigate trends in the UK retail market with a view to answering public concerns ...
Shimano Shifting Down (Slightly)
OSAKA, Japan (July 13) - The raving reports on Shimano's net profits that we were getting used to, are tuned down slightly. In '03 the company recorded ...
More Managers Leave Giant
LELYSTAD, The Netherlands (May 19) - After Dirk Kurek (sales manager) and Frank Schreiner (marketing/product manager) of Giant Germany, now also the ...
Move against Counterfeiting
MAARSSEN, Netherlands - A well known fact, outsourcing brings great savings, but also brings new problems. Many companies have their products made in ...
Taiwan Bike Makers Hit Record Revenues
TAIPEI, Taiwan - Taiwan's top two bicycle makers, Giant Manufacturing Co., Ltd. and Merida Industry Co., Ltd., are expected to score record annual ...
Taiwan Top-2 Bicycle Makers: Record Revenues in 2004
MAARSSEN, Netherlands (Jan 20) - Taiwan's top-two bicycle makers, Giant Manufacturing Co., Ltd. and Merida Industry Co., Ltd., both raked in record-high ...
Ducati Year Result Worse than 2003
MILAN, Italy (November 16) - Italian motorcycle company Ducati announced that full-year results would be worse than 2003, with losses in the third ...
Taiwan Bike Makers Step Up Production
TAIPEI, Taiwan (November 2) - In a bid to fill the flooding orders, all the top-three bicycle makers in Taiwan have decided to prolong working hours ...
New Shimano Distributor in Slovenia and Croatia
NUNSPEET, Netherlands (October 5) - Due to a reorganisation of Shimano's sales channel, CS-Eurotrade d.o.o. is the new Shimano distributor for Slovenia ...
Raleigh: Saved by the Chopper?
NOTTINGHAM, UK (May 25) - For the first time in four years Raleigh has made a decent profit: it recorded GBP 150,000 (€ 224,320) on sales of GBP 35 ...
Huffy Corp. sells Gen-X Opportunity business
MIAMISBURG, Ohio (March 24) - Bicycle-maker Huffy Corp. said Monday it sold its Gen-X Opportunity business for an undisclosed amount. Gen-X Opportunity, ...
Russia's GDP up 8% in Q1
MOSCOW, Russia (May 4) -Russia's GDP grew 8 percent in January-March 2004 compared to the same period last year, according to the Economy Ministry of ...
Mavic: Jewel in Adidas' Crown
PARIS, France (April 14) - French wheel manufacturer Mavic is turning out to be the jewel in the crown of the Adidas-Salomon Group. Of all the ...