US auto safety regulators have opened a preliminary investigation into more than 100,000 Rivian Automotive vehicles. The probe focuses on reports of rear suspension toe link failures that may lead to sudden loss of control, swerving and potential collisions. The National Highway Traffic Safety Administration is assessing the scope and safety risk of the issue before deciding on any further action. Rivian's shares last closed at $14.64, down 10% over the past week and 24.6% year to date.
Rivian Automotive IncNHTSA opens safety probe into rear suspension failures on 100,000+ Rivian vehicles