Electric vehicle company recalls close to entire fleet

  • 📰 dcexaminer
  • ⏱ Reading Time:
  • 64 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 94%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Electric automaker Rivian has issued a recall for nearly every vehicle it has made this year.

The Amazon-backed electric vehicle venture announced it would recall 13,000 vehicles for an “insufficiently torqued fastener,” which is said potentially to inhibit steering, causing excessive noise and vibration or, in more serious cases, a greater crash risk.

The National Highway Traffic Safety Administration stated in its recall report that the steering fastener could cause a “separation, affecting the driver’s ability to control the vehicle.”The recall specifically affects 12,212 Rivian trucks, SUVs, and delivery vehicles. The electric automaker shipped a total of 14,317 vehicles this year, according to CNBC, meaning the recall may affect 80% of Rivian’s fleet.

Rivian said it would inspect and fix or replace components to ensure the steering fasteners are properly secured. “It’s important not to minimize the potential risks involved and why we are volunteering to conduct this recall. In rare circumstances, the nut could loosen fully,” Rivian CEO RJ Scaringe wrote to vehicle owners in a letter obtained by Gizmodo. “If you experience excessive noise, vibration or harshness from the front suspension, or a change in steering performance or feel, you should call immediately.

The recall reportedly affected Rivian’s stock market success, causing it to drop 9% Monday. Wedbush Securities analyst Dan Ives told Market Watch that the recall is a “black eye for Rivian” as its shares have dipped 67.4% this year.Rivian previously announced its goal of producing around 150,000 vehicles per year by 2023.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

“Electric vehicles,” it’s so hilarious how dumb democrats and eco commies are.

Click bait. Clue: It isn’t Tesla. In fact, it isn’t anyone you knew existed.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks Making the Biggest Moves in the Premarket: Ford, General Motors, Rivian and MoreThe stocks making the biggest moves in premarket trading include Ford, General Motors, Rivian, and more.
Source: NBCDFW - 🏆 288. / 63 Read more »