Recall issued for 38,000 GM vehicles in Canada over software safety glitch
Transport Canada has issued a recall for 38,000 General Motors (GM) vehicles for safety risks related to a software glitch, the agency reported in a notice on Wednesday.
Peloton said on Thursday it is raising the monthly fee for its on-demand fitness content in the United States and Canada, while cutting the prices of its Bike, Bike+ and Tread machines in all markets as it looks to attract more customers.
The move comes a day after shareholder Blackwells Capital said the exercise equipment maker has failed to deliver on promises to transform the business.
The hike, first reported by CNBC, will be effective from June 1 and comes after eight years without a price increase.
The price of Peloton's all-access subscription plan in the United States will go up to US$44 per month, from US$39, whereas in Canada the fee will rise to C$55 per month from C$49, the company said in a blog post.
Pricing for international members will remain unchanged. It did not elaborate on the equipment price cuts.
While Peloton became a pandemic-era darling its stock price came under pressure as people returned to gyms, with shares falling about 30 per cent since December last year.
Peloton has been exploring various pricing models in select U.S. market as it looks to return to profitably with the company launching its strength training product, Peloton Guide earlier this month at a starting price of US$295, about 40 per cent lower than what it had originally planned.
Peloton shares jumped as much as 6 per cent before reversing course to trade down 1.3 per cent.
(Reporting by Kannaki Deka in Bengaluru; Editing by Shailesh Kuber)
Transport Canada has issued a recall for 38,000 General Motors (GM) vehicles for safety risks related to a software glitch, the agency reported in a notice on Wednesday.
About 10 senior Hezbollah commanders were killed along with Ibrahim Aqil, leader of the movement's Radwan special forces unit who was attacked in an Israeli air strike in Beirut on Friday, Israel's military spokesperson said.
An 11-year-old boy died Monday after subway surfing in New York City. He's the fourth person to die from subway surfing in the city this year.
Since she was a young girl growing up in Vancouver, Ginny Lam says her mom Yat Hei Law made it very clear she favoured her son William, because he was her male heir.
Communication breakdowns with local law enforcement hampered the Secret Service's performance ahead of a July assassination attempt on former U.S. president Donald Trump, according to a new report that lays out a litany of missed opportunities to stop a gunman who opened fire from an unsecured roof.
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Paleontologists from the Royal B.C. Museum have uncovered "a trove of extraordinary fossils" high in the mountains of northern B.C., the museum announced Thursday.
The search for a missing ancient 28-year-old chocolate donkey ended with a tragic discovery Wednesday.
The Royal Canadian Mounted Police is celebrating an important milestone in the organization's history: 50 years since the first women joined the force.
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David Krumholtz, known for roles like Bernard the Elf in The Santa Clause and physicist Isidor Rabi in Oppenheimer, has spent the latter part of his summer filming horror flick Altar in Winnipeg. He says Winnipeg is the most movie-savvy town he's ever been in.
Edmontonians can count themselves lucky to ever see one tiger salamander, let alone the thousands one local woman says recently descended on her childhood home.