The cycle giant’s bankruptcy, a Peugeot test that goes wrong and Polestar 4 in Europe

The week of January 29, 2024 was unfortunately marked by a new bankruptcy in the cycle sector, which was heavily impacted by the post-Covid-19 bubble. Also note the electric Peugeot 308 test that goes sour, as well as the arrival of the Polestar 4 in Europe.

Internetstores, the European giant of online bicycle sales, has gone bankrupt

Internetstores GmbH, operator of online bicycle shops such as Bikester and Probikeshop, is insolvent as of January 1, 2024. No credible buyer has been found, putting more than 400 jobs at risk. The situation is part of a wider crisis in the bicycle sector, exacerbated by inflation and falling demand.

Peugeot 308 Electric, test goes wrong

Electric Peugeot 308 test by Didier D Mac4ever revealed significant problems. With 5% battery left, the car reduced its speed to 30 km/h on the highway, creating a major safety hazard. The incident highlights the challenges of transitioning to electric for traditional manufacturers.

The first electric car without a rear window has finally arrived in Europe and we know the price

The Polystar 4, an electric SUV coupe without a rear window, begins marketing in Europe with a starting price of 63,200 euros. Offering a range of up to 610 km and fast charging at 200 kW, the model aims to compete with the Tesla Model Y and other premium electric vehicles. Production has begun in China with European deliveries planned for August.

These summaries from Frandroid editorial team articles are written by AI (ChatGPT) and systematically re-read by our journalists.