Saturday, August 28, 2021

Bike price cut, rising costs to hit Peloton's profitability

Peloton Interactive Inc said its near-term profitability would suffer due to a decision to slash the price of its exercise bike and higher commodity and marketing costs.

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Brembo, Ningbo SAFE form India joint venture for motorcycle ABS systems

Italian brake maker Brembo and Ningbo SAFE Brakes Systems are joining forces in India. They will establish a joint venture to produce motorc...