Rivian Automotive Inc. fell almost 7% Monday on word the electric-vehicle startup is in a dispute with a key seat supplier that could jeopardize its delivery van contract with patron Amazon.com Inc.
Rivian alleged in a lawsuit that Commercial Vehicle Group Inc., a New Albany, Ohio-based auto parts manufacturer, threatened to stop supplying seats unless the carmaker agreed to pay “approximately twice the agreed-upon price,” according to a copy of the complaint.
