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Peloton to stop in-house bike production as part of turnaround

Washington Post
Mark Gurman

Peloton Interactive Inc. rallied as much as 6.8% on Tuesday after announcing plans to cease in-house manufacturing and rely solely on partners for production, marking one of the most dramatic steps yet to simplify its operations and reduce costs.

The move is an about-face from Peloton's strategy over the past three years, when it split manufacturing…

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The Washington Post
Peloton