Growth from e-bike sales in Europe; North American performance 'below expectations.' HEERENVEEN, the Netherlands (BRAIN) — Accell Group N.V. noted that operating profit in the first half of the year was up 29 percent to $53.8 million (€49.1 million), while net profit was up 21 percent to $34.9 million (€31.9 million). Dutch conglomerate Accell Group owns a range of bike and accessory brands sold and distributed in various European countries including Batavus, Sparta, Koga, Ghost, Haibike, Lapierre and XLC.
It appears the rumors of Marzocchiâ€™s uncertain future has come to an unfortunate truth, with parent company Tecceco announcing its intention to discontinue the iconic Italian suspension brand. The future for the mountain bike business remains unknown.
Having made its mark in mountain biking with the Bomber fork in 1995, Marzocchi has a deep history in mountain bike suspension. With this, itâ€™s possible weâ€™ll see the name resurface under new owners â€“ especially given the mountain bike products have been manufactured in Taiwan since 2008.
However, this is all hearsay and the exact future for the mountain bike side of the brand remains uncertain. See below for the official press release sent out to Tenneco shareholders.
â€œLake Forest, Illinois, July 22, 2015 â€“ Tenneco Inc. (NYSE:TEN) announced today its intention to discontinue its Marzocchi motor bike fork suspension business and its mountain bike business, and liquidate its Marzocchi operations.
These actions are subject to a consultation process with the employee representatives and in total would eliminate approximately 138 jobs. Tenneco currently employs 127 people at the Marzocchi plant in Bologna, Italy and an additional 11 people in its operations in North America and Taiwan.
Tenneco intends to assist its motorbike customers with the transition of current production to an alternative supplier and expects to complete the closure by the end of 2015.
You can read more at BikeRadar.com
LAKE FOREST, Ill. (BRAIN) – Tenneco plans to discontinue its Marzocchi motor bike fork suspension and its mountain bike business, and will liquidate its Marzocchi operations, the company announced in a press release issued Wednesday.? The move, which Tenneco said is subject to consultation with employee representatives, would eliminate 138 jobs. Tenneco, a publicly traded automotive industy supplier, employs 127 people at the Marzocchi plant in Bologna, Italy, and an additional 11 people in its operations in North America and Taiwan.
MONTEREY, Calif. (BRAIN) — SRAM is introducing two single-chainring road groups for the 2016 model year, the Rival 1 and Force 1 groups (the previous cyclocross group, Force CX1, is now renamed Force 1). Both group borrow technology from the company’s mountain bike and cyclocross single-ring groups and are being aimed at gravel/adventure riders, as well as criterium, time trial, triathlete and fitness riders.
AIGLE, Switzerland (BRAIN) — The International Cycling Union (UCI) has decided to allow teams to test disc brakes in a limited number of road races this season and next, with an official introduction of road discs scheduled for the 2017 season.
My City Bikes offers mobile apps tailored for entry-level riders in 130 U.S.
WATERLOO, Wis. (BRAIN) — Trek is releasing a new LED taillight that it said is specifically designed for daytime use
CHICAGO (BRAIN) — SRAM is making a big push for 148mm OLD rear spacing on mountain bikes, which the company says produces a stiffer wheel and allows the drivetrain to be shifted to the right, further increasing clearance for wider tires and other advantages. Trek began using a 148mm thru axle on some mountain bike models last year. SRAM is building on that with a full system it calls Boost that involves the drivetrain and rear hub, as well as a 110mm front thru axle
LAS VEGAS (BRAIN) — A French company, Connected Cycle, is introducing a pedal with various electronic features, including the ability to track its location (and presumably the location of the bike it’s attached to) if stolen, as well as the bike’s speed, route, incline, and calories burned. The pedal’s battery is charged by its use