The United States Consumer Product Safety Commission (CPSC) has fined Shimano $11.5 million (€10 million) in civil penalties after accusing the company of "knowingly failing to immediately report" its defective bicycle cranksets to the CPSC. This comes weeks after Shimano North America Holding, Inc. settled a class action lawsuit brought by 14 consumer plaintiffs alleging a breach of warranties and misleading advertising related to the cranksets.

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.

ENNEPETAL, Germany - Well known as a manufacturer of a wide variety of 'Made in Germany' bottom brackets, Alfred Thun GmbH has announced that it will diversify its product range. During its long history, the company already produced cranks and after a stop of more than 30 years, Thun will restart it again.

MADRID, Spain - The extraordinary market situation in 2020 had a big impact on boutique brand Rotor. Known as an aftermarket supplier of very specific drive train components, the Spanish manufacturer was now approached by many OEMs who were in short supply of essential components. "We aim at using our capacity in a smart way," says Rotor CEO Jose Garcia Alegre.

AGUEDA, Portugal - Miranda & Irmao is one of the initiators and strong promotors of the Portugal Bike Value. "This idea was born to make Portugal's industry stronger," says Miranda President Joao Miranda.

The XMOD is Miranda's new completely interchangeable and modular crankset. According to the Portuguese component manufacturer "it is the first of its kind