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How Will Hurricane Helene Impact Auto Insurance, Dealers, and Used Prices?

The Truth About Cars

Hurricane Helene, which devastated parts of Florida, North Carolina, South Carolina, Georgia, Virginia, Tennessee and even Kentucky, is looking like one of those events. It could affect auto dealerships, which typically hold a higher level of expensive assets than homeowners, Hoffman said. billion in losses for property owners.

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Rivian (RIVN) takes a big step toward restarting Georgia EV plant construction for R2

Baua Electric

Rivian (RIVN) is moving closer to restarting construction at its $5 billion EV plant in Georgia after pausing it months ago. After revealing its smaller, more affordable R2 vehicle in March, Rivian said it would begin building it in Normal, IL, rather than its new Georgia plant as initially planned.

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Rivian (RIVN) reaffirms Georgia EV plant commitment as state presses for answers

Baua Electric

Rivian (RIVN) is still planning to build electric vehicles in Georgia, just not as soon as expected. After unveiling the R2 last month, a smaller and more affordable electric SUV, Rivian announced it would begin production at its Normal, IL facility rather than its new $5B GA plant. FTC: We use income earning auto affiliate links.

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Rivian delays $5B Georgia EV plant to accelerate R2 launch, resulting in $2.25B in savings

Baua Electric

Meanwhile, Rivian (RIVN) is delaying construction at its new $5 billion EV plant in Georgia, where the R2 was initially expected to be produced. Rivian to launch R2 at Normal EV plant, saving $2.25B Rivian introduced its more affordable R2 electric SUV Thursday during a launch event at its new Laguna showroom.

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Hyundai and Kia are gaining a competitive edge ahead of the affordable EV offensive

Baua Electric

The tailwind comes as the South Korean automakers are launching affordable EVs in key global markets, including the US. billion Hyundai Motor Group Metaplant America (HMGMA) in Georgia is expected to be up and running by the end of the year. FTC: We use income earning auto affiliate links. trillion) in profits last year.

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Kia’s EV sales surged to a new record in the US with affordable, long-range models

Baua Electric

Kia’s EV sales hit new record in first half of 2024 Kia is on a roll in the US with affordable, long-range models like the three-row EV9 and EV6, reaching buyers. Kia kicked off EV9 production in Georgia in May as the first EV built in the state. Kia’s EV6 is one of the most affordable and fuel-efficient EVs in the US.

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Kia will beat Rivian and Tesla into affordable mass-market EVs

Baua Electric

Although Rivian and Tesla are making headlines with planned expansions into mass-market electric vehicles, Kia is set to launch two affordable EVs of its own. More affordable EVs are coming Rivian unveiled its highly anticipated R2 electric SUV Thursday. One of them, the Kia EV3, is expected to launch by the end of the year.