A lot of people have left Dahon, including people named Hon, to start a new folding bike company called Tern Bicycles. According to a story in the trade magazine Bike Europe, the Hons may have lost control over the Dahon brand in several countries to their Chinese factory.
Dahon is/was the world’s largest folding bike maker.
Here’s the Bike Europe article that mentions “issues with the Chinese factory that holds the Dahon trademark in some countries.”
Here’s a Bikehugger article that lays blame on poor quality control at the Chinese factory.
Finally, here’s the news release from Tern Bicycles announcing the new company.
UPDATE: Dahon’s Steve Cuomo and Tern’s Josh Hon respond. Read their comments, below.