Huffy does a Raleigh

This news - so far unchecked - has come straight from a direct news feed from Reuters. It eerily parallels Raleigh's move in a similar direction just two months ago...



Huffy Corp. to stop making bicycles in United States

DAYTON, Ohio, Sept 27 (Reuters) - Huffy Corp., one of
America's best-known bicycle makers, said on Monday it will no longer make bikes in the United States and will close its two manufacturing plants by the end of the year and switch to production overseas.

The shut-down, blamed on "an unprecedented decline in
Chinese bicycle pricing" in the last six months, will hurt
Huffy's annual earnings and the company said it will probably record a pre-tax charge cost for plant closures of some $42.4 million or $2.64 per share in the second half of 1999.

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