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Schwinn did allow some dealers to sell imported road racing bikes, and by 1973 was using the Schwinn name on the Le Tour, a Japanese-made low-cost sport/touring 10-speed bicycle. Schwinn developed strong trading relationships with two Japanese bicycle manufacturers in particular, Bridgestone and (via its bicycling arm ) Panasonic .
Schwinn brand loyalty began to suffer as huge numbers of buyers came to retailers asking for the latest sport and racing road bikes from European or Japanese manufacturers. By 1979, even the Paramount had been passed, technologically speaking, by a new generation of American as well as foreign custom bicycle manufacturers.
] A major breakthrough came in 1977 when Giant's chief executive, Tony Lo, negotiated a deal with Schwinn to begin manufacturing bikes as an OEM, manufacturing bicycles to be sold exclusively under other brand names as a private label. As bike sales increased in the U.S., and after workers at the Schwinn plant in Chicago went on strike in 1980 ...
[6] [dead link ] In 1998, the company changed its name to Direct Focus and acquired the Nautilus, Schwinn and StairMaster brands between 1999 and 2002, before eventually changing its name to Nautilus, Inc. in 2005. [6] [dead link ] Nautilus became a publicly traded company on the U.S. stock exchange in May 1999. [12]
(Reuters) -Some United Food and Commercial Workers (UFCW) local unions on Friday urged Kroger's board to replace CEO Rodney McMullen following the company's announcement of a $7.5 billion stock ...
Whizzer bicycle engines are a line of bicycle engines that were produced in the United States from 1939 to 1965. They were commonly sold as kits to be assembled and attached to a consumer's bicycle thus creating a motorized bicycle. Whizzer U.S.A. re-appeared in 1997 to sell an improved version, pre-assembled on an old Schwinn-style bicycle frame.
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