No Recession for Bicycle Makers

Obesity and high oil prices are good news for the world’s biggest bikemaker...

... Giant Manufacturing, the world’s largest bicycle-maker, sold a record 460,000 units last month and is heading for its best year ever...

... Since 2004 wholesale prices of bikes have gone up by 23% in Europe, 45% in America and almost 50% in Asia, even as thousands of low-cost factories in China, including some run by Giant, churn out boatloads of cheap bikes.

From:

http://www.economist.com/business/displayStory.c...

http://www.treehugger.com/files/2008/10/no-reces...