Peloton Interactive will recall 2.2 million exercise bikes due to the risk of injuries from a seat-related issue, the company said Thursday, sending its shares down 7%. The voluntary recall piles on more pressure on Peloton as it works to tackle waning demand for its fitness equipment amid an uncertain economy. “We have identified 35 reports of seat posts breaking out of 2,160,000 units sold in the United States, as of April 30,” Peloton said in a statement, after disclosing the defect earlier this month. This recall involves Peloton Bikes with model number PL01 sold from January 2018 to May 2023 in the US and is one of the company’s flagship products. The seat post can break unexpectedly during use, creating a potential fall and injury risk, Peloton said.
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