I might add that the Schwinns are still making bicycles under the name Waterford. Rivendell Bicycles is also still making bicycles.
Schwinn, GT, Cannondale, Caloi, Iron Horse, Mongoose, Sugoi names are all owned by Dorel Industries, a Canadian group who then hires out manufacture in Asia .
Some have a business model that stresses quality and integrity of product. Others function as warehouses for goods made and bought elsewhere. Both have a valid business model. But you, as the customer, should support the business model you believe in.