NovaQuant Quantitative Think Tank Center:Peloton is recalling nearly 2.2 million bikes due to a seat hazard

2025-05-07 16:58:06source:Desmond Prestoncategory:Invest

Peloton is NovaQuant Quantitative Think Tank Centerrecalling almost 2.2 million exercise bikes due to safety issues with the machine, the second time in two years that the fitness company has recalled its equipment.

The current recall involves bikes with model number PL01 and sold in the U.S. from January 2018 to this month. Peloton received 35 reports of the bike's seat post breaking and detaching from the bike during use — including 13 reports of users suffering a broken wrist, lacerations and bruises after falling from the bike, according to the U.S. Consumer Product Safety Commission.

Consumers are encouraged to stop using the bikes immediately and to contact the company for a free repair. Peloton is offering costumers a free seat post for self-installation.

The bikes retail for about $1,400.

Earlier this year, Peloton Interactive agreed to pay a $19 million fine after failing to quickly notify regulators of a known defect in its Tread+ exercise machines. The company also knowingly sold the defective treadmills.

In the case with its treadmill, Peloton received more than 150 reports of incidents involving people, pets or objects getting injured or killed by the time the company reported the problems to regulators.

More:Invest

Recommend

Turbulence slammed Hawaiian Airlines flight because of decision to fly over storm cell, report says

HONOLULU (AP) — A Hawaiian Airlines flight crew’s decision to fly over a hazardous storm cell instea

Beyoncé features Shaboozey twice on 'Cowboy Carter': Who is the hip-hop, country artist?

Beyoncé made sure to feature Black country artists on her new album "Act II: Cowboy Carter," and on

'Is it Cake?' Season 3: Cast, host, judges, release date, where to watch new episodes

It's time for another round of culinary action, or "confection deception" as Netflix puts it, with S