Treadmill and Bike Maker Peloton Will Stop Making Treadmills and Bikes in House
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It may not be physically possible to do a U-turn on a stationary bike, but Peloton found a way how.
The troubled fitness equipment manufacturer announced Tuesday that it won't build bikes and treadmills anymore, outsourcing the task to one of its leading suppliers. It's a startling reversal that comes less than a year after Peloton broke ground on, and since canceled, a $400 million manufacturing plant in Ohio.
Source Fool.com
