Cervélo-Pon sale ‘incomplete’

TORONTO, Canada (BRAIN) Feb 14, 14:10 MT— Cervélo’s relationship status with Pon Holdings remains, to use Facebook terminology, complicated. Canada-based Cervélo announced late last year that it and the Dutch conglomerate Pon had entered a “financing arrangement.” As part of the agreement, Pon obtained right of first refusal to purchase Cervélo

Spike in e-bike sales drives Derby’s growth

CLOPPENBURG, Germany (BRAIN) Jan 24, 10:41 MT —Derby Cycle reported a 36 percent increase in sales for the 2010/2011 fiscal year, led by a nearly 50 percent increase in the number of electric bikes sold.