Peloton Recalls the Pedals on 27,000 Bikes
Peloton Interactive (NASDAQ: PTON) issued a safety recall for 27,000 older exercise bikes Thursday, in partnership with the U.S. Consumer Product Safety Commission, or CPSC. The voluntary recall doesn't involve a problem with the entire bike, but only with the clip-in pedals, specifically PR70P pedals, as reported by Peloton and Business Insider.
The pedals appear on Peloton bikes sold from July 2013 to May 2016, and are the first design of pedals used on any of the company's stationary bicycles. The pedals can be identified by their white lettering and an orange Peloton symbol. Pedals featuring white lettering only are not subject to recall. The company "recommends that Members change their Peloton Bike pedals annually" regardless of whether or not they are part of the recalled batch.
Image source: Peloton Interactive.
Source Fool.com
