QUEBEC, Canada - Long standing bicycle manufacturer Rocky Mountain Bicycles has filed for Chapter 11 status to restructure the company. The company will continue its operations in full during its self-initiated restructuring process under the Companies' Creditors Arrangement Act (CCAA), reports the Canadian new service Cision's Newswire.
WELS, Austria - After motorcycle company KTM AG had to file an application for restructuring proceedings with self-administration at the end of November, its parent company Pierer Mobility AG commissioned Citigroup Global Markets Europe AG on 17 December to reorganise the ownership structure.
AMSTERDAM, the Netherlands - The import statistics of the European Union clearly indicate that China regained its leading position as e-bike supplier for Europe's market. At the same time, the market is drowned with cheap and non-compliant China made e-bikes whose sellers shamelessly advertise the presence of a throttle and how to circumvent the maximum support of 25 km/h. How should the industry respond to these market developments?
ALISO VIEJO, USA - The reorganisation of the Pon owned brand GT Bicycles has resulted in much speculation regarding the future of the brand. Some even assumed that GT Bicycles would shut down once all inventory is sold. According to a Pon spokesperson, the decision to restructure this subsidiary was taken, "to lay a solid foundation for its next chapter."
REHE, Germany - Welcoming almost 5,000 people at their head office in Wetter, Germany, bike security company Abus celebrated their 100th anniversary in the first week of December. On this occasion the company also opened their doors to visitors of their newly built high-tech production hall for mobility products.
BERLIN, Germany - Eyeing the upcoming federal elections, the advocacy organization Zukunft Fahrrad (Bicycle Future), issued a position paper campaigning for more political support for the bicycle industry. The new government in Germany will have to make clear policy choices as the cycling industry is not the only sector that's facing challenges and thus calling for support.
PODGRODZIE, Poland - The combination of aluminum frame production, a painting line and assembly on one location gives Romet a rather unique market position. Only a few factories in Europe operate their own frame production. What did the frame production bring to Romet, 5 years after the opening of the facility?
PRATO, Italy - Delivering groceries transporting up to 100kg and covering around 80 kilometers a day demands more from a cargo-bike than what's possible with a standard model. Italian engineering firm Formula and Ello Mobilité took up the challenge and built a fleet of bikes for French supermarket giant, Carrefour.
BRUSSELS, Belgium - Folding bike specialist Ahooga has welcomed Tomi Viiala, former CEO of Stromer, as an advisor to the Board. Known for his instrumental role in transforming Stromer into the global leader in speed pedelecs, Viiala will support Ahooga in advising on driving strategic growth across Europe.
DIJON, France - The news came out already earlier, but was only published officially today. Accell Group's brand Cycles Lapierre is making a return to the to the UCI World Tour as the official bike sponsor for Team Picnic PostNL. The team will compete on Lapierre bicycles for the next four years.
ZEIST, The Netherlands - Imports of e-bikes into the EU reached almost 200,000 units in Q3 of 2024, almost matching the same volume of Q3 in 2023. Although there were signs of market recovery with an increase in e-bikes entering EU shores in Q2, the overall year-on-year decrease in the first nine months of 2024 is 28% compared to 2023. Perhaps more important, this is not counteracted by a higher import value.
MADRID, Spain - Bicycle production in Spain rebounded again in October with 25,400 bicycles produced for a value of €18.2 million. Compared to the same month of the previous year, this is a growth of 23.3% in units and 16.7% in turnover, according to data published by the Ministry of Industry and Tourism.
TAIPEI, Taiwan - The setback in the industry isn't restraining the Taipei Cycle Show in promising growth in the exhibitor count for the 2025 edition. For the next edition of the event, show organiser TAITRA expects to welcome nearly 950 exhibitors from 35 countries spanning more than 3,500 booths.
