Posted: May 11, 2009 3:22 pm
Schwinn, GT and Mongoose are all owned by a parent company now -- Pacific. It's been this way since the early 2000s.
Unfortunately, they've taken these once-reputable brands and dragged 'em through the dirt with low-end Wal-Mart bikes. But at the same time, just to make life difficult, they've continued to produce reasonable high-end bikes with these same brand names. So now a $150 Mongoose exists alongside a $4000 pro-level one-- reminding me of the whole Fender American / Mexican Standard / Asian-made Squier guitar spectrum.
That said, the department store Schwinns of today aren't the absolute bottom. They're a step or two above Magna, Royce Union, NEXT or Roadmaster...