Benzinga
Rivian In Dispute With Supplier Commercial Vehicle Group: Bloomberg
Rivian Automotive Inc (NASDAQ: RIVN) shares fell about 6% on Monday on word the EV startup is in dispute with Commercial Vehicle Group Inc (NASDAQ: CVGI), a key seat supplier, Bloomberg reported. The probable dispute would jeopardize Rivian’s delivery van contract with Amazon.Com, Inc. (NASDAQ: AMZN), the report added. Rivian alleged in a lawsuit that Commercial Vehicle Group, a New Albany, Ohio-based auto parts manufacturer, threatened to stop supplying seats unless the carmaker agreed to pay t