An analyst said it does not believe the recall would impact Rivian’s production or delivery goals for the year.
The Amazon firm on Friday recalled about 13,000 vehicles due to a possible loose fastener that could cause the driver to lose steering control.
“We have greater concerns on 2023 production expectations,” RBC Capital Markets said in a note on Monday. The addition of battery packs and motors as well as downtime required at the plant to ramp up capacity could derail Rivian’s pace of production, it said.
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Rivian recalls 12K vehicles for loose boltRivian is recalling nearly all the vehicles it has produced to tighten a loose fastener in the vehicles' front suspension.
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Rivian recalls 12K vehicles for loose boltRivian, the Irvine-based electric vehicle company, is recalling nearly all the vehicles it has produced to tighten a loose fastener in the vehicles' front suspension.
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Rivian recalls 12K vehicles for loose boltRivian is recalling nearly all the vehicles it has produced to tighten a loose fastener in the vehicles' front suspension.
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Rivian recalls 12K vehicles for loose boltRivian is recalling nearly all the vehicles it has produced to tighten a loose fastener in the vehicles' front suspension.
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Rivian recalling vehicles for loose bolt, electric car company saysRivian is recalling nearly all the vehicles it has produced to tighten a loose fastener in the vehicles' front suspension.
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