The U.S. Consumer Product Safety Commission (CPSC) on Thursday approved a repair for a rear guard of Peloton Interactive Inc.’s recalled ‘Tread+’ treadmill.
The fitness equipment maker had announced a costly recall of its ‘Tread+’ treadmill in 2021 following the reports of multiple injuries and the death of a child in an accident.
Shares of Peloton were up 3.1 percent at $7.4 in morning trading.
Peloton’s Tread+ is a “slat-belt” treadmill that needs a higher torque motor and ground clearance than a typical home treadmill, making them a risk for children and pets.
“The approved rear guard repair eliminates the potential for entrapment near the rear roller of the treadmill,” the safety regulator said in a statement….