Advertise on Bikeforums.net



User Tag List

Results 1 to 11 of 11
  1. #1
    Junior Member
    Join Date
    Sep 2001
    Location
    Orange County, CA
    Posts
    19
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    A moment of silence for GT

    If you haven't heard, GT as we knew it is history. The cutting edge mfr. of the I-drive and all around cool bikes has gone BK and was swept up by some mega giant company that's going to mass market the now low-end brand in Walmart, Kmart, etc. Just like what happened to Mongoose (John Tomac's early ride). How cool is Mongoose today? They're not. Sad, sad, sad.

  2. #2
    Senior Member MtnBikerChk's Avatar
    Join Date
    Aug 2001
    Posts
    307
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Not only that - they are screwing the race teams!

    From Velo News:

    Another indication that Pacific's support of racing will be slim or none came last week when riders and staff of the existing Schwinn and GT squads (approximately 60 people) were informed they would not be receiving their final-quarter paychecks. This is completely within the rules following the purchase of a company that's declared bankruptcy, but still came as a surprise to some of the riders.

    Downhiller Steve Peat was reportedly the hardest hit, with Pacific opting not to pay him nearly $70,000 that would have been owed him if Schwinn/GT had not filed for bankruptcy. Overall World Cup dual champion Leigh Donovan was owed about $25,000 that she won't be receiving, and Alison Dunlap won't be getting her bonus for her win at the world championships in Vail.
    Come visit my SEX arena at IRON MAGAZINE.

    Come ride the Monkey.

  3. #3
    Mister Slick Matadon's Avatar
    Join Date
    Sep 2001
    Location
    Sacramento, CA
    Posts
    373
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Just another wonderful aspect of the globalist conglomerate mindset.

  4. #4
    Banned
    Join Date
    Aug 2001
    Location
    upstate New York
    Posts
    1,688
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Does that mean my GT is now worth more?
    Je vais à vélo, donc je suis!

  5. #5
    0^0 fubar5's Avatar
    Join Date
    Feb 2001
    Location
    Rolla, MO
    My Bikes
    Redline Monocog,Surly Crosscheck, Lemond Reno
    Posts
    4,056
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Originally posted by MtnBikerChick
    Not only that - they are screwing the race teams!

    From Velo News:

    Another indication that Pacific's support of racing will be slim or none came last week when riders and staff of the existing Schwinn and GT squads (approximately 60 people) were informed they would not be receiving their final-quarter paychecks. This is completely within the rules following the purchase of a company that's declared bankruptcy, but still came as a surprise to some of the riders.

    Downhiller Steve Peat was reportedly the hardest hit, with Pacific opting not to pay him nearly $70,000 that would have been owed him if Schwinn/GT had not filed for bankruptcy. Overall World Cup dual champion Leigh Donovan was owed about $25,000 that she won't be receiving, and Alison Dunlap won't be getting her bonus for her win at the world championships in Vail.
    I think that the above sums up Pacifics plans for GT/Schwinn. They are obviously going to go mass market. Which totally sucks. I wish GT had sold the I-drive design to Trek or something. Now we are going to get that kind of stuff at x-mart.
    Booyah!!

  6. #6
    Senior Member mascardr's Avatar
    Join Date
    Apr 2001
    Location
    Colorado
    Posts
    111
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    That's to bad. I just bought a GT and think it is a nice bike.

  7. #7
    human velocipedio's Avatar
    Join Date
    Jun 2001
    Location
    living in the moment
    My Bikes
    2005 Litespeed Teramo, 2000 Marinoni Leggero, 2001 Kona Major Jake (with Campy Centaur), 1997 Specialized S-Works M2, 1992 Specialized Rockhopper
    Posts
    3,563
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Originally posted by mascardr
    That's to bad. I just bought a GT and think it is a nice bike.
    It's still a nice bike.

    I'm not quite convinced things are going to be QUITE so disastrous for Schwinn/GT. If you think about it, Pacific is now well set to sell to three markets/channels simultaneously. If they're smart -- and they may well be -- they'll position GT as their premium, bike shop brand, Schwinn as the family brand and Mongoose as the cheapo pseudo-MTB/BMX xmart brand. They paid a lot for these assets, I wonder if they're really stupid enough to completely subvert the brands.

    Me? I'm going to wait and see. I understand the 2002 GTs will be turning up in American and Europ shops soon... Maybe there'll be 2003 GTs next year.

    BTW, I haven't heard anything about GT withdrawing sponsorship from Lotto-Adecco. Anyone have dish?
    when walking, just walk. when sitting, just sit. when riding, just ride. above all, don't wobble.

    The Irregular Cycling Club of Montreal
    Cycling irregularly since 2002

  8. #8
    Devilmaycare Cycling Fool Allister's Avatar
    Join Date
    Aug 2001
    Location
    Wynnum, Australia
    My Bikes
    1998 Cannondale F700
    Posts
    3,819
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    I don't think they'll get much sympathy from LBS customers, or owners for that matter, for screwing over the race teams. I don't call that very smart, whether it's legal or not.

    Not having a race team doesn't seem like a very smart marketing strategy either. I expect the LBS 'prong' will wither and die in fairly short order.

    BTW was the i-drive really all that good?
    If we learn from our mistakes, I must be a goddamn genius.

  9. #9
    NCAA - DUAL CHAMPIONS! a2psyklnut's Avatar
    Join Date
    Mar 2000
    Location
    From Sarasota, FL sitting in front of a computer spewing random thoughts!
    My Bikes
    Intense Uzzi SL, Masi Speciale, Trek 3700 Nashbar Single Speed, Old Cilo Road frame
    Posts
    7,965
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    The I-drive was good, not great, but good. It did everything it claimed and was super smooth; but at what price? It was as heavy as a boat-anchor. O.K. not that heavy but you could feel the difference in two equally equipped bikes.
    "Life is not a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside, thoroughly used up, totally worn out, and loudly proclaiming, "WOW, What a Ride!" - unknown
    "Your Bike Sucks" - Sky Yaeger

  10. #10
    0^0 fubar5's Avatar
    Join Date
    Feb 2001
    Location
    Rolla, MO
    My Bikes
    Redline Monocog,Surly Crosscheck, Lemond Reno
    Posts
    4,056
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    The I-Drive sure looked cool though.
    Booyah!!

  11. #11
    horizontally adapted bentrox!'s Avatar
    Join Date
    Jan 2001
    My Bikes
    Specialized Stumpie, Bianchi Pista, Optima Baron
    Posts
    566
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    The I-drive is a great example of innovative engineering in bike technology. Despite its detractors, this gizmo really worked, merging suspension and drive efficiencies in a unique design. IMO, this sort of creativity is the biggest loss in the demise of GT. It's truly sad.
    Eddie
    I'll gently rise and I'll softly call
    Good night and joy be with you all.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •