Rivian is recalling nearly every vehicle because of a steering issue caused by a loose fastener 

Electric truck and SUV maker Rivian Automotive said Friday it was recalling nearly all the vehicles it has delivered to customers to tighten a loose fastener that could affect drivers’ steering ability.

The company, which was founded in 2009, said it is recalling about 13,000 vehicles because a fastener that connects the vehicles’ front upper control arm and steering knuckle may not have enough torque.

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

“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 owners of the vehicle

The Irvine, Calif.-based company said the repair would only take a few minutes and that it expects to complete repairs on all of them in about 30 days, with the customer’s cooperation.

Rivian aims to capitalize on the growing appetite of consumers and investors for electric vehicles. It is among a long line of companies, both new and old, trying to chip away at Tesla’s market share.

It went public last year, and its market value quickly surpassed that of Ford and General Motors to become the second most valuable American automaker behind Tesla. But that’s no longer the case: the company’s shares are down 67% so far this year.

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

Sign up for the Features of Fortune email list so you don’t miss our top features, exclusive interviews and research.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *