IlluMyFi

Boss of bicycle maker says discounting after Covid boom means ‘sad state of affairs’ in global market is likely to go on

The boss of Brompton Bicycle has predicted that 2025 will be another year of turmoil for the bike industry after profits at the British folding bicycle maker dived by more than 99% amid a wave of discounting by rivals.

Profits fell from £10.7m to £4,602 in the year to the end of March 2024 – less than the cost of Brompton’s top-of-the-range T Line Explore bike – as riders sought cheaper options during a cost of living squeeze.

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Bearish/Bullish

06.01.25 09:07

by theguardian.com

LA tech entrepreneur nearly misses flight after getting trapped in robotaxi

Mike Johns’ self-driving car started circling a parking lot, but he recognizes there are ‘glitches that need stitches’

A tech entrepreneur based in Los Angeles became trapped in a malfunctioning self-driving car for several minutes last month, causing him to nearly miss a flight, he said.

Mike Johns was riding in an autonomous Waymo car on his way to Sky Harbor airport in Phoenix when the vehicle began driving around a parking lot repeatedly, circling eight times as he was on the phone seeking help from the company.