Enlarge / A Peloton stationary bike for sale at the company's showroom in Dedham, Massachusetts, U.S. (credit: Bloomberg | Getty Images)
As Peloton’s stock price began to tumble last autumn and just months after a costly recall of the connected fitness company’s expensive treadmills, its executives were confronted with a new crisis.
In September last year, staff at Peloton warehouses, which receive high-end bikes originally manufactured in Taiwan, noticed that paint was flaking off some of the exercise machines.
The cause was a build-up of rust on “non-visible parts” of the bike—the inner frame of the seat and handlebars—and did not affect the product’s integrity, Peloton recently told the Financial Times.
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Enlarge / A Peloton stationary bike for sale at the company's showroom in Dedham, Massachusetts, U.S. (credit: Bloomberg | Getty Images)
As Peloton’s stock price began to tumble last autumn and just months after a costly recall of the connected fitness company’s expensive treadmills, its executives were confronted with a new crisis.
In September last year, staff at Peloton warehouses, which receive high-end bikes originally manufactured in Taiwan, noticed that paint was flaking off some of the exercise machines.
The cause was a build-up of rust on “non-visible parts” of the bike—the inner frame of the seat and handlebars—and did not affect the product’s integrity, Peloton recently told the Financial Times.
Read 27 remaining paragraphs | Comments
February 22, 2022 at 08:24PM
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