Peloton Recalls 2 Million Bikes Due to Injury Risk
BY MH UPDATES TEAM
May 11, 2023
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Peloton, the popular fitness equipment company, has issued a recall for over 2 million of its exercise bikes due to a potential injury risk.
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The recall came after reports of multiple injuries and one death related to the company's Tread and Tread+ products.
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The recall applies to both the Tread and Tread+ models and includes all units sold between 2013 and 2021.
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Peloton initially resisted the recall, but pressure from the Consumer Product Safety Commission (CPSC) and public backlash led to the company's decision.
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The recall involves a software update that will prevent the Tread+ from automatically starting up, as well as a hardware fix for the Tread.
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Peloton has also offered customers a full refund for their equipment or a free inspection and repair.
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The recall is expected to have a significant impact on Peloton's finances, as the company's stock has already dropped in response to the news.
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Peloton has faced criticism in the past for its handling of safety issues, including a previous recall in October 2020 for faulty pedals.
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The company has pledged to improve its safety protocols and work closely with the CPSC to ensure the safety of its products.
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The recall serves as a reminder of the importance of product safety and the need for companies to prioritize the well-being of their customers over profits.