logo
Two Rivian models awarded 2025 Top Safety Pick

Two Rivian models awarded 2025 Top Safety Pick

Yahoo14-03-2025

BLOOMINGTON, Ill. (WMBD) — Two Rivian cars are being recognized as some of the safest in the country.
The Insurance Institute for Highway Safety awarded the electric vehicle maker two top safety picks.
The 2025 Rivian R1S was among the winners for the top safety pick plus for the large SUV category. The 2025 R1T crew cab pickup won the top safety pick for the large pickup truck category.
IIHS President David Harkey said one of the biggest qualifications is backseat passenger safety.
'We just feel like this is an opportunity now to see if we can get the automakers to focus on improving safety in the vehicle's rear seat. It's often where we carry our most vulnerable passengers. And so we want to make sure that that rear seat is as safe. Just an opportunity to look at how we're protecting passengers in all positions in the vehicle. And that's what we're emphasizing this year,' said Harkey.
You can see a full list of the 2025 Top Safety Picks over on the website of the Insurance Institute for Highway Safety.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Rivian Automotive (NasdaqGS:RIVN) Prices US$1.25 Billion Green Notes Due 2031
Rivian Automotive (NasdaqGS:RIVN) Prices US$1.25 Billion Green Notes Due 2031

Yahoo

timean hour ago

  • Yahoo

Rivian Automotive (NasdaqGS:RIVN) Prices US$1.25 Billion Green Notes Due 2031

Rivian Automotive recently announced a $1.25 billion debt refinancing plan, which may have buoyed investor confidence, contributing to the company's share price gaining 27% over the last quarter. This initiative reflects Rivian's ongoing efforts to stabilize its financial structure, aligning with other positive developments such as improved Q1 earnings with a net loss reduction and new partnerships to enhance operations. The broader market has also experienced an upward trend, with major indices like the Nasdaq rising, providing a favorable backdrop against which Rivian's stock performance can be viewed. Be aware that Rivian Automotive is showing 2 possible red flags in our investment analysis. We've found 19 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. The recent announcement of Rivian Automotive's $1.25 billion debt refinancing plan could significantly impact its financial narrative by potentially easing investor concerns over financial stability. This move aligns with efforts to streamline financial operations, complementing an improved earnings performance characterized by a net loss reduction. The refinancing could enhance overall confidence in Rivian's projected revenue and earnings, particularly as the company continues to expand its production capabilities with the development of the R2 platform and a new facility in Georgia. Such initiatives may increase efficiency and decrease production costs, factors that might positively influence future earnings forecasts. Rivian's stock performance over a longer-term period, including the past year, saw a total return of 22.36%. In this context, Rivian outpaced the US market, which returned 11.6% over the same period. However, when compared to the US Auto industry, which returned 70.6%, Rivian's performance was not as strong, highlighting challenges faced amid industry competition. Further, the recent price increase of 27% in the last quarter has positioned the stock closer to the analyst consensus price target of US$14.23, which is 5.1% above the current share price of US$13.50. Analysts hold varied opinions, with targets ranging from US$6.1 to US$23.0, reflecting differing expectations on Rivian's ability to achieve profitability and revenue growth. Investors must consider these dynamics while forming their own assessments of Rivian's potential trajectory. Our valuation report unveils the possibility Rivian Automotive's shares may be trading at a premium. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:RIVN. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@

Safety vs. Savings: Why Experts Can't Agree on ADAS Impact on Car Insurance Premiums
Safety vs. Savings: Why Experts Can't Agree on ADAS Impact on Car Insurance Premiums

Miami Herald

time3 hours ago

  • Miami Herald

Safety vs. Savings: Why Experts Can't Agree on ADAS Impact on Car Insurance Premiums

Advanced driver-assistance systems (ADAS) like automatic emergency braking have been making roads safer for years, but their presence can be viewed as a double-edged sword given their negative impact on auto insurance claims. On the upside, in 2022, AAA reported how Insurance Institute for Highway Safety (IIHS) data from 2010-2015 found that vehicles equipped with automatic emergency braking exhibited a 50% decrease in police-reported rear-end crashes relative to equivalent cars without the system. Another study found that automatic emergency braking systems reduced the U.K.'s number of claims by 25% over five years, but it discovered that claim costs increased by a whopping 60%, according to Carscoops. On the downside, expenses for fixing ADAS require pricey components like cameras, LiDAR, and radar, and the proper equipment necessary for their calibration. Equipment for calibrating these parts can cost up to $1 million, making it difficult for the average corner garage to invest. To make matters more complicated, automakers are committed to making features like automatic emergency braking an essential part of all new cars by 2029, as outlined in the Federal Register. Additional examples of ADAS include, but aren't limited to, lane departure warning or prevention, parking sensors, and blind-spot monitoring. Essentially, anything adding to an insurer's losses can raise your premium. ADAS components are often located outside a vehicle, increasing the chances of damage during an accident. A 2023 report by AAA discovered that ADAS repairs represented a 36% average of the total cost of repairs in four common collision scenarios. Additionally, ADAS accounted for 40.9% of total repair costs in rear collision repairs. However, Tony Cotto, Director of Auto and Underwriting policy at the National Association of Mutual Insurance Companies (NAMIC), said: "We're seeing AEB, especially, really bring down rear-end crashes, and some of those are the lower-dollar-value claims," according to Bankrate. In other words, reducing the frequency of small claims, even if remaining claims are higher, reduces overall losses for insurers, potentially reducing premiums. Jessica Cicchino, IIHS senior vice president for research, echoed this sentiment: "Across the board, insurers are paying out less money on claims for vehicles with [AEB] systems because the reduction in crashes is outweighing the increase in the cost." However, this doesn't rule out the possibility of drivers with ADAS facing higher repair costs if they get into accidents, especially with how precise the repairs are. Automotive News reports that: "Sensor[s] misaligned by a single degree-about the depth of a business card-can throw it [radar sensors] off target by 66 inches at a distance of 100 yards." While the belief that ADAS is increasing insurance premiums through higher claims isn't universally held among experts, some drivers repairing these systems won't be able to avoid a higher bill, and this won't change until the tech gets more affordable. A Wall Street Journal article from November cited vehicle maintenance and repair costs as increasing 28% over the past three years, and during Q2 2024, the average repair cost for an insurance claim was $4,721-up about $800 from over three years ago. Copyright 2025 The Arena Group, Inc. All Rights Reserved.

This All-American EV Maker Is Charging Germany $3.5 Billion for Access to Its Tech
This All-American EV Maker Is Charging Germany $3.5 Billion for Access to Its Tech

Yahoo

time3 hours ago

  • Yahoo

This All-American EV Maker Is Charging Germany $3.5 Billion for Access to Its Tech

Rivian is a relatively young American company that builds electric vehicles. A key part of Rivian's business model is to sell its U.S. designed technology to others. In fact, Rivian has entered into a valuable partnership with Germany's Volkswagen. 10 stocks we like better than Rivian Automotive › Rivian Automotive (NASDAQ: RIVN) is a high-tech auto start-up that builds all-electric trucks and delivery vans. It has made a huge amount of progress with its business as it looks to become a sustainably profitable company. That said, it still has a long way to go before it gets to that point -- which is why the $3.5 billion it is charging Germany's Volkswagen for access to its tech is so important. Here's what you need to know. As noted, Rivian is a U.S. automaker focused on electric vehicles, or EVs. It has honed in on a niche within the industry, as it only makes trucks and delivery vehicles, which are basically just a different kind of truck. It has a prominent partnership with Amazon, which has used Rivian trucks to support its expanding delivery efforts. That is basically just a traditional customer relationship since Amazon is simply buying delivery vehicles. Still, the Amazon partnership has been very important. It provided Rivian with a reliable customer for its products at a time when it was just beginning to ramp up its production capabilities. It now has the capacity to produce around 50,000 EVs a year, which means it is running at scale. In fact, the effort in 2024 and 2025 has focused around streamlining production to improve profitability. Its factory produces both consumer vehicles and delivery vehicles, but the Amazon relationship was a huge help. And it highlights one of Rivian's key goals -- selling its products to other companies. In the case of Amazon, that was a more typical customer relationship, but Rivian's aspirations include selling its technology to other companies, too. This is where Germany's Volkswagen comes into the story. It has a long-term partnership with Rivian in which it is providing the upstart company with funding. Volkswagen has pumped cash into Rivian on multiple occasions as Rivian has continued to hit important development milestones. For example, Rivian "unlocked" $1 billion in cash from the German auto giant in the first quarter of 2025. That cash isn't expected to fully hit the balance sheet until the end of June 2025, but it will be an important infusion of funds as Rivian continues to invest in its business. To put a number on how important Volkswagen's capital infusion will be, Rivian burned through around $600 million in cash in 2025's first quarter. While Rivian has around $7 billion in cash on its balance sheet, that pile of money won't last long if it keeps spending like it has been. It needs to have a ready source of additional capital. Volkswagen is happy to provide that cash so long as Rivian keeps advancing its technology and business. Assuming Rivian remains on track, there's another $2.5 billion available from the German car maker. Coupled with expectations for loans of up to $6.6 billion from the U.S. government, Rivian should have ample capital to keep spending on its business for years to come. But the Volkswagen deal isn't just about the cash since Rivian is basically fostering a relationship with a company that could become a core, long-term technology customer as well. To be fair, Volkswagen isn't doing anything out of the kindness of its heart. It likely has high hopes for the technology in which it is investing. But that's the point for Rivian, too. It has high hopes that it develops a customer relationship that will help it become a sustainably profitable, and perhaps even growing, company. And that's all built on Rivian's U.S.-built innovation. The stock isn't risk free, so only more aggressive investors will likely find Rivian attractive. But given the success it has achieved and the partners it has lined up, it looks like this upstart EV company could have a very bright future over the long term. Before you buy stock in Rivian Automotive, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Rivian Automotive wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $656,825!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $865,550!* Now, it's worth noting Stock Advisor's total average return is 994% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon. The Motley Fool has a disclosure policy. This All-American EV Maker Is Charging Germany $3.5 Billion for Access to Its Tech was originally published by The Motley Fool

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store