The automotive application segment was valued at more than US$ 500 Mn in 2016 and is expected to increase at a CAGR of 4.4% over the forecast period to reach more than US$ 750 Mn by the end of 2026.
Rexon shares fall on recall
By Chen Cheng-hui / Staff reporter
Rexon Industrial Corp Ltd (力山工業), a maker of fitness equipment and power tools, saw its shares drop 15.63 percent in the past two sessions after a major client, Peloton Interactive Inc, last week announced recalls of its Tread+ and Tread treadmills.
In a statement on Wednesday last week, Peloton said that it had reached an agreement with the US Consumer Product Safety Commission to recall and stop distribution of its Tread+ and Tread products in the US, refund consumers, and work on additional hardware modifications, following reports that a child died and others were hurt in accidents involving its treadmills.