Peloton Recalls 2.2 Million Bikes After Seat Post Breaks

Peloton Interactive Inc. is recalling 2.2 million exercise bikes of model PL01 due to a risk of the seat post breaking and causing injuries to users.

The recall affects bikes sold from January 2018 through May 2023 for about $1,400. Peloton has received 35 reports of the seat post breaking and detaching from the bike during use, including 13 reports of injuries such as a fractured wrist, lacerations and bruises.

The Consumer Product Safety Commission (CPSC) said in a recall notice that consumers should immediately stop using the recalled bikes and contact Peloton for a free repair. Peloton is offering consumers a free seat post that can be self-installed.

The recall comes amid a series of safety issues for Peloton, which has seen its popularity surge during the pandemic as people sought to exercise at home. In April, the company recalled its Tread and Tread+ treadmills after reports of injuries and one death involving children and pets.

The CPSC had warned consumers to stop using the Tread+ treadmill after it received 72 reports of incidents where children, pets or objects were pulled under the rear of the machine.

Peloton’s shares fell 1.4% to $81.20 on Wednesday, extending their year-to-date decline to 37%. 

Reference：

• Peloton Recalls Two Million Exercise Bikes Due to Fall and Injury Hazards | CPSC.gov| May 11, 2023
• Peloton Recalls Over 2 Million Bikes Due to Seat Hazard: ‘Immediately Stop Using’ |NBC Connecticut | May 11, 2023
• Peloton Recalls Two Million Exercise Bikes Due to Fall and Injury Hazards | Consumer Reports | May 11, 2023