: Rivian to recall roughly 13,000 vehicles over ‘steering or suspension problems’

by | Oct 7, 2022 | Stock Market

Rivian Automotive Inc. intends to recall about 13,000 vehicles due to a possible safety issue that has so far been found to have impacted several units, the company said Friday night. The maker of electric SUVs and trucks said that it was making the move to deal with an “insufficiently torqued fastener” that caused issues in seven instances, though no related injuries have been reported.

The Wall Street Journal reported on the issue Friday night, observing that the recall affected “nearly all” of Rivian’s vehicles. The company communicated to customers that they should stop driving their vehicles if they notice “steering or suspension problems,” per the report, which noted that this marks Rivian’s third recall since it started producing vehicles last year. The previous recalls affected smaller numbers of vehicles and covered airbag and seatbelt issues. A company spokesperson confirmed to MarketWatch that the company was “committed to fixing this issue on any affected vehicles as quickly as possible” and would get in touch “immediately” with affected customers to make appointments for inspections or potential repairs. Any repairs will be completed free of charge at a Rivian
service station and handled in a few minutes, according to the company. Shares of Rivian have lost two-thirds of their value this year, while the S&P 500
has fallen 24%. The company lost $1.7 billion in its last reported quarter.

Article Attribution | Read More at Article Source

Share This