Peloton stops making bikes in US as shares hit all-time low Fresh woes for indoor fitness brand that became darling of Wall Street as share price soared in lockdown cycling
Indoor fitness brand Peloton is to stop manufacturing its bikes and treadmills in-house and within the US, and will instead outsource the process to Taiwan and existing partner Rexon.
Ambitious growth plans were announced, including setting up a factory in Ohio to reduce its dependency on overseas suppliers. However, they are now trading at around one twentieth of that value, with shares trading at an all-time low of $8.42 at the time of writing.
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