Inspired, he designed a mass-production bike for the youth market known as Project J-38. The result, a wheelie bike, was introduced to the public as the Schwinn Sting-Ray in June 1963. Corvette in 1954, after their catalog, for that year, had been in use. Therefore, with the release of a single photograph, the Corvette was introduced. The picture showed company executives standing behind their new product, that would remain in production for 10 years.
In 1993, Richard Schwinn and Marc Muller purchased the Schwinn Paramount plant and founded Waterford Precision Cycles. The Paramount line was retired in 1994, but reintroduced in 1998, where it sold through 2009. After the Wrights made their first flight in 1903, they began to stop manufacturing bikes to focus more on aeronautics. They then sold all their remaining bicycle parts and the rights to the Van Cleve name to a bicycle salesman named W.F.
A growing number of teens and young adults were purchasing imported European sport racing or sport touring bicycles, many fitted with multiple derailleur-shifted gears. Schwinn decided to meet the challenge by developing two lines of sport or road ‘racer’ bicycles. One was already in the catalog — the limited production Paramount series. The Paramount series had limited production numbers, making vintage examples quite rare today. The 1960 Varsity was introduced as an 8-speed bike, but in mid-1961 was upgraded to 10 speeds. Other road bikes were introduced by Schwinn in the early and mid 1960s, such as the Superior, Sierra, and Super Continental, but these were only produced for a few years.
I filled the tires 5 months ago when I assembled it, and again today before the run. The left rear tire seemed softer than the other side, so I refilled it again and took my mongoose bmx bike baby out for a run. My mother bought us our Schwinn Interval Jogger System 5 months ago, based on extensive research that your product was the best, and best for our needs.
After a series of production cuts and labor force reductions, Schwinn was able to restructure its operations. The company renegotiated loans by putting up the company and the name as collateral, and increased production of the Airdyne exercise bicycle, a moneymaker even in bad times. The company took advantage of the continued demand for mountain bikes, redesigning its product line with Schwinn-designed chrome-molybdenum mongoose bmx bike alloy steel frames. Supplied by manufacturers in Asia, the new arrangement enabled Schwinn to reduce costs and stay competitive with Asian bicycle companies. In Taiwan, Schwinn was able to conclude a new production agreement with Giant Bicycles, transferring Schwinn’s frame design and manufacturing expertise to Giant in the process. With this partnership, Schwinn increased their bicycle sales to 500,000 per year by 1985.
Despite a bicycle boom and bust, and the Great Depression, Schwinn managed to capture much of the new market. Advertising, innovations and unique and exclusive dealership and marketing contracts allowed his company to aggressively grow and prosper. Despite intervention by the Justice Department, with some novel legal challenges, this company was virtually a household brand.
In 1870 in Coventry, England, James Starley and William Hillman created the original penny-farthing, the Ariel. The revolutionary use of wire spokes allowed for lighter, larger wheels, making possible the high-wheel bicycle, constructed atop one large front wheel and one smaller rear wheel. Elite Cycles Most of the bikes made by Waterford Precision Bicycles and Gunnar Cycles USA are custom-fitted for specific riders. The company makes specialized racing bikes, as well as touring cycles. Since 1993, a small company based in Waterford’s industrial park has been turning out world-class bicycles, that have won numerous national titles, more than 150 state awards and hundreds of individual races.