General Motors buys Specialized Bicycles!

“In light of global concerns about climate change, GM has been at the forefront in developing new transportation choices that limit our impact on the environment,” said Flora Lopi, GM’s vice president, Environment, Energy and Safety Policy. “GM’s engineering, marketing and distribution expertise combined with Specialized’s branding among cycling enthusiasts make this a winning combination for GM investors and consumers.”

See the full story in The Silicon Valley Business Journal.

See also the story at BikeBiz.com, who promises to participate in the media conference call about this deal that takes place tomorrow.

This is pretty big news and people all over are discussing this:

Because of the timing of this announcement, there’s a lot of speculation that this might be an April Fool’s joke. I talked with Chris Matthews (marketing director at Specialized) on the phone this evening and he assures me this is the real deal.

12 Comments

  • Jared
    March 31, 2008 - 9:36 pm | Permalink

    B-friggen-S

  • Jared
    April 1, 2008 - 4:36 am | Permalink

    B-friggen-S

  • Jared
    March 31, 2008 - 9:40 pm | Permalink
  • Jared
    April 1, 2008 - 4:40 am | Permalink
  • David Johnsen
    March 31, 2008 - 9:50 pm | Permalink

    Maybe GM will buy every bike manufacturer and shut them all down, just like they (supposedly) did with the streetcars!

  • David Johnsen
    April 1, 2008 - 4:50 am | Permalink

    Maybe GM will buy every bike manufacturer and shut them all down, just like they (supposedly) did with the streetcars!

  • Anonymous
    April 1, 2008 - 5:43 am | Permalink

    GM vehicles must be licensed to be street legal. No doubt GM execs will want equal treatment for all their products.
    Jack

  • Anonymous
    April 1, 2008 - 12:43 pm | Permalink

    GM vehicles must be licensed to be street legal. No doubt GM execs will want equal treatment for all their products.Jack

  • Da' Square Wheelman,
    April 1, 2008 - 8:02 am | Permalink

    Nice one man, Happy April Fools' Day!

  • Da' Square Wheelman,
    April 1, 2008 - 3:02 pm | Permalink

    Nice one man, Happy April Fools' Day!

  • SiouxGeonz
    April 1, 2008 - 8:22 am | Permalink

    This speaks to the power of the blog. Now to … not harness it… set something even more creative out of the harnesses…

  • SiouxGeonz
    April 1, 2008 - 3:22 pm | Permalink

    This speaks to the power of the blog. Now to … not harness it… set something even more creative out of the harnesses…

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