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Lucid Motors, Rivian sued by Illinois car dealers for direct sales

Teslarati

Lucid Motors and Rivian were sued by the Illinois Automobile Dealers Association, the Chicago Automobile Trade Association, and some individual franchised auto dealerships in the state for selling vehicles directly to consumers. The Illinois Vehicle Code and the Illinois Motor Vehicle Franchise Act were cited in the lawsuit.

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Electrify America collaborating with nine additional companies to host more than 30 ultra-fast electric vehicle charging stations

Green Car Congress

Electrify America announced collaborations with nine additional companies to host more than 30 ultra-fast electric vehicle charging stations across the US. Other charging sites will be built at locations in six additional states including Illinois, Maryland, Massachusetts, New York, Virginia and Washington.

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Amazon begins deploying its Rivian electric delivery vehicles

Green Car Congress

They are the product of Amazon’s partnership with Rivian, which the companies announced in 2019 when Amazon co-founded, and became the first signatory of The Climate Pledge—a commitment to reach net-zero carbon across its operations by 2040.

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Illinois Car Dealer Forced to Refund Employees' Retirement Accounts

The Truth About Cars

Apparently, Vargason and his store weren't remitting employees' voluntary retirement contributions to their accounts during 2019. Furthermore, Vargason and his company can no longer serve as fiduciaries or service providers to any Employment Retirement Income Security Act, nor can they commit further violations.

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Judge rules against Tesla insurance over ‘inflated’ premiums

Teslarati

Tesla Insurance will face a class-action lawsuit alleging that the company charged drivers too much for premiums by using “false” crash warnings, after a California judge ruled against the automaker this week.

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2020 Thanksgiving week gasoline consumption in US lowest since 1997

Green Car Congress

US motorists stayed off the road during the Thanksgiving holiday in overwhelming numbers as the coronavirus surged across the country, according to the latest weekly survey of retail fuel stations by OPIS, an IHS Markit company. New Jersey is the hardest hit state, with gasoline volumes plunging by nearly 30% from 2019.

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Rivian (RIVN) prices its IPO at $78 per share, valuing the company at over $77 billion

Teslarati

Rivian ( NASDAQ: RIVN ) has priced its initial public offering (IPO) at $78 per share, valuing the company at $77 billion on a fully-diluted basis. These results were well above the company’s raised expectations. Amazon’s 20% stake in the company would now be worth about $15.4 billion in funding since 2019.

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