Rivian announces major recall of vehicles

Rivian Automotive said Friday it is recalling nearly every vehicle it has delivered to customers in order to tighten a loose fastener.

The manufacturer of electric trucks and SUVs said the issue could potentially affect drivers’ ability to steer.

The recall affects 13,000 vehicles because a fastener connecting the front upper control arm and the vehicle’s steering knuckle may not be tight enough.

There have been seven reports potentially related to the issue, but no injuries have been reported, Rivian said.

EV MAKER RIVIAN SAYS ITS CURRENT MODELS WILL NOT BE ELIGIBLE FOR TAX DRILLS

Electric vehicle startup Rivian Automotive Inc. (Photo by Justin Sullivan/Getty Images/Getty Images)

“If you experience excessive noise, vibration or harshness from the front suspension, or a change in steering performance or feel, you should call immediately,” Rivian CEO RJ Scaringe wrote in a letter. to vehicle owners.

The company says this is a quick fix and expects to have repairs completed on all of them in around 30 days.

The company, founded in 2009, aims to tap into growing consumer and investor appetite for electric vehicles.

FORD SELLS MORE SHARES OF MANUFACTURER EV RIVIAN

Rivian is part of a long line of companies, new and old, trying to break away Tesla’s market share.

Rivian truck at the factory

A Rivian truck on the assembly line (rivian)

It went public last year and its market value quickly surpassed that of Ford and General Motors, but has since come down to earth.

In May, Ford reduced its stake in the company, selling 15 million shares.

Rivian’s stock is down 67% year-to-date.

AMAZON AND RIVIAN START DEPLOYING ELECTRIC DELIVERY VAN

Amazon's Rivian Pickup Trucks

Amazon plans to bring custom electric delivery vehicles to more than 100 cities by the end of the year and 100,000 vehicles across the United States by 2030.

Amazon ordered a total of 100,000 electric delivery vans to be delivered by 2030. By the end of 2022, electric delivery vans from Amazon and Rivian will hit the road in more than 100 cities.

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SHORE RIVIAN AUTOMOTIVE INC. 33.95 -2.81 -7.64%

Last month, Rivian said it was teaming up with Mercedes-Benz to build a factory in Europe that will produce electric vans for both companies.

The Associated Press contributed to this report.

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