Peloton is recalling 2 million bikes due to a safety hazard caused by the adjustable seat that could break during use and injure the rider.
US Consumer Product Safety Commission issued the recall on Thursday, telling owners of Peloton bikes with model number PL-01 to stop using the bike immediately. Affected customers should contact the company for a free repair kit that they can install themselves.
In a press release, Peloton said the $1,400 bikes were sold only between January 2018 and May 2023 in the United States. It has identified 35 reports of “broken seatposts” out of the 2,160,000 bikes sold through April 30. The CPSC added that of the 35 reports, 13 people said they were injured, including a “broken wrist, lacerations and contusions from falling off the bike.”
“Our commitment to member safety is unwavering. It was important to Peloton to proactively engage the CPSC to address this issue and work quickly and cooperatively to identify a remedy,” the company said.
Peloton shares fell more than 6% after the news.
It’s the second major recall for the exercise company, which was forced to recall 125,000 of its treadmills after the death of a six-year-old boy and dozens of other reports of injuries related to them machines Peloton was fined $19 million for failing to promptly report treadmill hazards and distributing recalled treadmills, the CPSC said in January.
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