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Report: CCC’s CEO highest paid among Chicago top execs, with 2021 salary of $137.1M

The CEO of CCC Intelligent Solutions topped Crain’s Chicago Business’ annual list of highest-paid executives of publicly-traded companies in the Chicago area, taking home $137,105,076 in 2021. Nearly 96.2% of the compensation paid to CEO [...]

2022-06-16T07:00:34-04:00June 16th, 2022|RDN News Feed|

Stellantis touts ‘new sustainability benchmark’ for U.S. EV battery supply chain

Stellantis and Controlled Thermal Resources (CTR) have partnered to supply battery-grade lithium hydroxide for use in Stellantis’ North American electrified vehicle production. The agreement comes at a time when other OEMs are predicting a shortage [...]

2022-06-16T07:00:03-04:00June 16th, 2022|RDN News Feed|

J.D. Power study: Consumer claims satisfaction tied to understanding of policies

Customer satisfaction with the claims process is directly related to how familiar consumers are with their auto insurance policies, and only half fully understand what is covered and what is not, according to results from [...]

2022-06-15T08:00:36-04:00June 15th, 2022|RDN News Feed|

Washington OIC seeking transparency from insurers on premium changes

A draft rule issued by Washington state Insurance Commissioner Mike Kreidler implies that insurance premiums account for things like labor, rent, and supplies — costs that insurers often tell repairers they won’t pay for because [...]

2022-06-15T08:00:06-04:00June 15th, 2022|RDN News Feed|

NHTSA upgrades Tesla Autopilot investigation, closes GM steering probe without recalls

The National Highway Traffic Safety Administration (NHTSA) has upgraded its investigation of Tesla’s Autopilot feature and closed an investigation of sticky power steering in some General Motors SUVs. NHTSA opened a preliminary evaluation of the [...]

2022-06-15T07:00:33-04:00June 15th, 2022|RDN News Feed|

Volkswagen invests in EV battery testing, recycling

Volkswagen has opened a $22 million, 32,000-square-foot Battery Engineering Lab (BEL) in Chattanooga, Tennessee, where electric vehicle (EV) batteries will be tested and optimized for the U.S. market. In announcing the opening, Volkswagen said investing [...]

2022-06-15T07:00:03-04:00June 15th, 2022|RDN News Feed|

Consumer groups urge shops not to partner with ‘predatory’ lender EasyPay

A coalition of consumer advocacy groups is calling on auto repair shops to stop offering financing through EasyPay Finance and Utah-based Transportation Alliance Bank (TAB Bank), which issue loans at rates up to 189%. Though [...]

2022-06-14T08:01:06-04:00June 14th, 2022|RDN News Feed|

North Carolina bill would place restrictions on EV charging stations

A bill under consideration by North Carolina legislators would prohibit building free electric vehicle (EV) charging stations on public property unless they also provide free gasoline and diesel fuel. House Bill 1049 also addresses charging [...]

2022-06-14T08:00:36-04:00June 14th, 2022|RDN News Feed|

Class suit against Ford claims OEM breached duty to provide safe Expeditions, Navigators

A class action lawsuit has been filed against Ford Motor Co. over engine fires in 2021 Ford Expedition and Lincoln Navigator models. The suit, filed on June 7 in the U.S. District Court for the [...]

2022-06-14T08:00:06-04:00June 14th, 2022|RDN News Feed|
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