About 2 weeks ago, we talked about how the government issued a warning for parents and pet owners to stop using the Tread+ by Peloton immediately. At the time, Peloton pushed back against the warning saying it was inaccurate and misleading and refused to have the treadmills recalled. Well now, the company has officially recalled its Tread+ and Tread treadmills. Peloton admitted that they were wrong to fight the Consumer Product Safety Commission's request. The recall comes after the death of one child and 70 other injuries tied to the treadmills. Peloton CEO John Foley said,
"I want to be clear, Peloton made a mistake in our initial response to the CPSC's request. We should have engaged more productively with them from the outset. For that, I apologize."
About 125,000 treadmills are included in the recall and will cover both the $4,295 Tread+ as well as Peloton's cheaper Tread, which costs $2,495. Foley said the company will work with the CPSC to "set new industry safety standards for treadmills" because Peloton has a "desire and a responsibility to be an industry leader in product safety."
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