Peloton to pay €18m in fines over dangerous treadmill defect

Peloton is also required to file annual compliance reports for the next five years (Jeff Chiu/AP)

Exercise equipment maker Peloton Interactive has agreed to pay roughly 19 million dollars (€17.9 million) in fines related to its delay in reporting a defect for its treadmills that caused one death and multiple injuries, the US federal consumer watchdog said.

The Consumer Product Safety Commission (CPSC) said the fine resolves the agency’s charges that Peloton knowingly failed to immediately report to the commission as required by law that its Tread+ treadmill contained a defect that could create a substantial product hazard and created an “unreasonable risk of serious injury to consumers”.