Re:Peloton to invest $400M to build its first U.S. manufactu...
by tw04 on Tuesday May 25, 2021 @02:34PM
(#27280508)
Foxconn has a long history of doing exactly what they did in Wisconsin - over and over and over again. That's ignoring the fact their initial claim of investing $10 billion was absurd on its face.
Peloton has a very real financial incentive to do this. Treadmills and bikes are HEAVY, and as they called out in the article the demand has outstripped supply and rush shipping from overseas has been extremely expensive for them.
Foxconn's reasoning was essentially: we don't want to be caught up in Trump's trade war so we'll say we're building this factory and get a bunch of tax breaks.
Peloton has a very real financial incentive to do this. Treadmills and bikes are HEAVY, and as they called out in the article the demand has outstripped supply and rush shipping from overseas has been extremely expensive for them.
Foxconn's reasoning was essentially: we don't want to be caught up in Trump's trade war so we'll say we're building this factory and get a bunch of tax breaks.