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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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2020 Thanksgiving week gasoline consumption in US lowest since 1997

Green Car Congress

Year-on-year comparisons are even more significant at the regional level, with some regions seeing declines of 20% or more from Thanksgiving Week 2019. New Jersey is the hardest hit state, with gasoline volumes plunging by nearly 30% from 2019. versus last year, led by Illinois which saw a year-on-year deficit of 26%.>.

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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. Filings from Rivian suggested that the company was aiming for a valuation above $65 billion on its initial public offering, with shares priced between $72 and $74.

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Study finds air pollution caused by corn production increases mortality rate in US

Green Car Congress

The study also shows how the damage to human health of producing a bushel of corn differs from region to region and how, in some areas, the health damages of corn production are greater than its market price. per bushel average corn market price of the last decade. precursor—That result from nitrogen fertilizer use.

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Amazon has a massive stake in Rivian, SEC filing shows

Teslarati

E-commerce powerhouse Amazon has disclosed a 20% ownership stake in Rivian , an electric vehicle company from Normal, Illinois, a filing with the SEC reveals. In the filing, Amazon said at the end of September 30, 2021, the automaker owned roughly 20% of Rivian in a partnership that was revealed in late 2019. Rowe Price.

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Tesla Insurance expands to Nevada, now covers nine U.S. states

Teslarati

state to be covered by the electric automaker’s competitively priced insurance product. Nevada joins Arizona, California, Colorado, Illinois, Ohio, Oregon, Texas, and Virginia as states that utilize Tesla Insurance, which bases rates on real-time driving behavior in all regions except for California due to Statewide restrictions.

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Rivian (RIVN) officially shuts down Normal EV plant for upgrades as R2 creates a buzz

Baua Electric

Rivian (RIVN) officially shut down production at its Normal, Illinois plant as the EV maker prepares for its next growth phase. Rivian R2 (Source: Rivian) Rivian revealed its smaller, more affordable R2 last month with a starting price tag of around $45,000. FTC: We use income earning auto affiliate links.

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