Page 34 - Uday Sampath Kumar News Today : Breaking News, Live Updates & Top Stories | Vimarsana
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(Reuters) - Peloton announced a recall of its treadmills on Wednesday, reversing course just weeks after saying there was no reason to stop using the exercise machines despite reports of multiple injuries and the death of a child in an accident.
Chief Executive Officer John Foley also apologized for the company s initial reaction to a report from the U.S. Consumer Product Safety Commission (CPSC) in April, which warned consumers about the dangers of Peloton s Tread+ treadmills. The company had called the report inaccurate and misleading . I want to be clear, Peloton made a mistake in our initial response to the CPSC s request that we recall the Tread+, Foley said. We should have engaged more productively with them from the outset. For that, I apologize .