Peloton Discloses Bike Seat Defect and Says a Fix Is Planned
- Company has identified 12 reports of injuries from the flaw
- Peloton says it’s working proactively with safety commission
This article is for subscribers only.
Peloton Interactive Inc. said it identified a flaw related to the seat on its entry-level bike — a problem that affected a small fraction of customers — and is working on a solution with US regulators.
The company disclosed the issue in a filing Thursday that followed its quarterly earnings report and alerted employees through a memo from Peloton’s internal product safety committee. The defect involves the seat post — the part that attaches the saddle to the frame — on its original bike model, which costs $995. In certain circumstances, the post can break at the weld joint.