Peloton is recalling more than 2 million exercise bikes due to defective seat issue

This huge recall is getting a lot of media attention and it surely is adding to Peloton’s financial problems as people head back to the gym after staying home during the covid-19 pandemic.

The company is recalling about 2.2 million exercise bikes, Model No. PL01, because the bike’s seat post assembly can break during use, posing fall and injury hazards.

Peloton has received 35 reports of the seat post breaking and detaching from the bike during use, including 13 reports of injuries including a fractured wrist, lacerations, and bruises due to falls from the bike.

The exercise bikes were sold at Peloton and Dick’s Sporting Goods stores nationwide and online at Onepeloton.com, Amazon.com, and Dicksportinggoods.com from January 2018 through May 2023. The cost was about $1,400.

Consumers should immediately stop using the recalled exercise bikes and contact Peloton for a free repair, the company and U.S. Consumer Product Safety Commission advise. Peloton is offering consumers a free seat post that they can install.

For more information, call Peloton at 866-679-9129 or visit https://support.onepeloton.com/hc/en-us/articles/360060446032-Peloton-Recalls-Tread-And-Tread-Full-Details-Here.

For details on other recalls, see www.recalls.gov.

Originally Published on https://boomersurvive-thriveguide.typepad.com/the_survive_and_thrive_bo/

Rita Robison Consumer & Personal Finance Journalist

For more than two decades, Rita R. Robison has been a consumer and personal finance journalist making her living by finding the best bargains, calling out the crooks, and advocating for regular people just like you and me. In that time, Robison has talked to so many people who feel like their money just isn’t getting them what they want, where they want to be, or the life they thought it would.

The purpose of her blog is to help you get what you want from your money. Robison covers financial goals, budgets, debt reduction, saving, smart choices for buying goods and services, and retirement planning. You’ll also find articles on safety, such as avoiding scams, looking out for rip off companies, and getting informed on the latest recalls.