Tesla Rival Rivian issues recall for nearly all its vehicle

Electric truck and SUV maker Rivian Automotive, founded in 2009, said on Friday it was recalling about 13,000 vehicles.

Rivian said that it is recalling almost all vehicles because the fastener connecting the front upper-control arm and steering knuckle of the vehicles may not be torqued enough.

Rivian said the reason for the recall could be tightening a loose fastener that could potentially affect drivers' ability to drive.

Rivian CEO RJ Scaringe said in a letter to vehicle owners that there had been seven reports of potentially related to the issue, but no injuries were reported.

"If you experience excessive noise, vibration or stiffness from the front suspension, or a change in the performance or feel of the steering, you should call immediately," Scaringe said.

The company, based in Irvine, Calif., said the fixes will only take a few minutes, and expects to complete repairs to all of them in about 30 days with the cooperation of customers.

Rivian aims to take advantage of the growing appetite of consumers and investors for electric vehicles. The company is trying to snatch market share from Tesla.

It went public last year, and its market value has rapidly overtaken Ford and General Motors to become the second most valuable US automaker behind Tesla.

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

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