Nautilus recalls 7,300 treadmills for self-starting hazard

Nautilus Inc. is recalling about 7,300 treadmills, as they can start on their own, posing a fall hazard. Shares of the exercise equipment maker fell 1.3% in morning trading. The T616 and T618 treadmills being recalled was made in China and sold at Best Buy Co. Inc. , Walmart Inc. and other stores, and sold online on Nautilus’ and Amazon.com Inc.’s websites, from April 2021 through November 2021. Nautilus said on the U.S. Consumer Product Safety Commission’s website that the T616 models were sold for about $1,150 and the T618s were sold for about $1,500. The treadmills were being recalled after Nautilus received 21 reports that the treadmills self started, but no injuries were reported. Nautilus stock has plunged 61.5% year to date, while the S&P 500 has lost 13.7%.

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