Bicycling

2/12/2025 |  EXEC: Shimano Inc. Sees 2024 Sales Decline on Soft Bike and Fishing Demand (SGB UPDATE) Shimano, Inc. reported that the global economy started to show moderate growth on the back of subsided inflation during fiscal year 2024; however, uncertainty about the outlook increased due to rising tensions in Ukraine and the Middle East, a stagnant Chinese economy, and the changes in leadership in various countries. The observations came in the company’s year-end financial report for the fiscal year ended December 31, 2024.

1/23/2025 |  EXEC: Tern Bicycles Creates European Distribution Company (SGB UPDATE) Tern Bicycles, headquartered in Taipei, Taiwan, has established Tern ZE, its first distribution office in Europe, based in Cologne, Germany, to support customers in the region better.
“Tern ZE moves us closer to the market and allows us much more focus when working with dealers and Tern customers,” stated Josh Hon, Tern team captain. “In today’s fast-changing market, the ability to react quickly is critical. We’ve seen the benefits of this focus and agility with our U.S. distribution company and we’re excited to bring the same advantages to Europe.”

11/25/2024 |  USA Cycling Reveals Schedule for 2025 National Championships (SportsTravel) “We’re still on Cloud 9 from the record-breaking performances of Team USA cyclists at the Paris 2024 Olympics,” said Brendan Quirk, USA Cycling president and chief executive officer. “That spirit of dreaming big is what makes our National Championships so meaningful. There’s something for everyone and we welcome all our members to pick a National Championship and set their own personal goals.”

11/4/2024 |  Yamaha Motor Corporation to Cease Sale of E-Bikes to Dealers (SGB UPDATE) Yamaha Motor Corporation, USA, has informed its Yamaha eBike dealers that it is withdrawing from the e-bike business in the U.S. and will cease selling e-bikes at the end of 204.
In a letter sent to Yamaha eBike dealers obtained by SGB Media, the company said it is committed to supporting the dealerships to sell down inventory by extending its “Fan Promotion” program through June 30, 2025, where customers can receive up to 60 percent off the purchase of a new Yamaha eBike. 

10/29/2024 |  Tour de France returns to Champs-Elysees, women's Tour adds ninth stage (Reuters Sports) Oct 29 (Reuters) - The Tour de France will finish at the Champs-Elysees in Paris once again in 2025, with the race featuring an all-French route for the first time in five years and its first finish at the Mount Ventoux since 2013, tour organisers said on Tuesday.