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Schwinn mountain bike model recalled due to cracks

A model of Schwinn mountain bikes has been voluntarily recalled due to cracks. Despite passing industry and regulatory testing, Schwinn recently received reports that some of its Abbott Adult Men’s Full Suspension Mountain Bicycles developed cracks in ‘certain situations’. There has been one injury reported in the 17,600 units recalled. …

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Q2 revenues climb for Cannondale’s owner Dorel

Canada’s Dorel Industries has reported sales in its "sports" segment increased 7.4 per cent, to $224.5 million. The owner of Cannondale, GT and Schwinn said in a statement that the results were “much better quarter than anticipated, surpassing the expectations indicated in the Company’s first quarter results press release.”  Dorel …

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