Gold Price Climbs Above $4,130 as Middle East Tensions Boost Safe-Haven Demand 
OpenAI Australia Data Center Switches Cooling Strategy After Recycled Water Plan Fails 
Lockheed Martin Unveils Lower-Cost Patriot ACE Interceptor to Meet Rising Air Defense Demand 
Judge Approves Anthropic’s $1.5 Billion AI Copyright Settlement With Authors 
Alaska Air Q3 Outlook Misses Estimates as Higher Fuel Costs Weigh on Profit Forecast 
Trump Set to Unveil New Tariffs on Dozens of Countries as Global 10% Duty Nears Expiration 
Chalco Shares Jump as Chinalco Plans Up to $300 Million Stake Increase 
Gold Price Holds Above $4,130 as Fed Rate Outlook and Middle East Tensions Support Safe-Haven Demand 
Super Micro Computer Stock Jumps 20% After Record AI Orders and Margin Surge 
European Stocks Slip as Earnings, UK Inflation and ECB Decision Keep Investors on Edge 
Japan Yen Slides Past 163 as Middle East Tensions Lift US Dollar, Oil Prices 
Pakistan Seeks $10 Billion U.S. Exchange Stabilization Fund to Boost Forex Reserves 
US Stock Exchanges Face Earnings Test as Trading Boom Meets Crypto Competition 
Samsung Cuts U.S. Consumer Electronics Jobs as Headquarters Moves to Texas 
US Dollar Climbs to Weekly High as Middle East Tensions Lift Treasury Yields and Safe-Haven Demand 
Japan PM Sanae Takaichi Unveils Growth Plan as BOJ Independence Concerns Lift Bond Yields 
Ryanair Warns Summer Airfares May Stay Lower as Quarterly Profit Misses Estimates 
Rivian, the Irvine, California-headquartered electric vehicle and automotive technology company, announced a recall for almost all of the pickup trucks it built. Based on the details that were posted by the U.S. National Highway Traffic Safety Administration (NHTSA), the recall affects 12,212 various electric vehicles.
CNN Business reported that Rivian voluntarily issued the recall so it could fix the issue of a loose fastener. The automaker will tighten this part in the affected vehicles’ front suspension. Aside from the R1T pickup trucks, the brand’s SUVs and vans were also included in the recall.
It was reported that the company had already informed its customers about the recall. It sent out messages on Friday, Oct. 7, and this was confirmed by Rivian last week.
There were at least seven cases that may possibly be related to the issue in the recall, but Rivian clarified there had been no report of injuries. The electric vehicle maker also advised owners to contact them immediately once they noticed any unusual vibration or noises coming from the front of their units.
To fix the issue, Rivan is setting up some pop-up service areas in locations with a high number of Rivian owners. The automaker assured its customers that it has the capability to inspect all the affected model units and repair them within 30 days.
The repairs are totally free, and the company said the materials that will be used in the tightening of the bolts would not have a financial impact on the company as well. So far, this is the third recall for Rivian this year.
“Rivian Automotive, LLC is recalling certain 2022 R1T, R1S, and EDV vehicles. The fastener connecting the front upper control arm and steering knuckle may have been improperly tightened,” the NHTSA stated in the recall announcement.
As for the remedy, the department of transportation added, “Dealers will inspect and, as necessary, tighten the steering knuckle fastener, free of charge.”
Additional notification letters are set to be sent out to owners through mail on Nov. 24, 2022. Owners of the recalled units may also get in touch with Rivian customer service at 1-888-748-4261 and state the number for this particular recall which is FSAM 997.
