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Florida Diminished Value Law - Tampa, Orlando, Miami, Jacksonville
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Florida Diminished Value Law - Tampa, Orlando, Miami, Jacksonville

Pinnacle Auto Appraisers Diminished Value Appraisals

There are two primary cases that address the notion of damages in the diminished value context. The seminal case is that of Siegle vs. Progressive Consumer’s Insurance Company, 819 So.2d 732 (Florida 2002). The Siegle case, which was heard in fr

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Beware Of New Year's Car Theft
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Beware Of New Year's Car Theft

Pinnacle Auto Appraisers Car Industry RSS

Heading out for New Year's Eve? Not only should drivers take care not to drive after too many tipples, they should take extra precautions against thieves. The National Insurance Crime Bureau (NCIB) re...Original link

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Total Loss Appraisal/Claims
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Total Loss Appraisal/Claims

Pinnacle Auto Appraisers Total Loss Appraisals

You do have the right to dispute the insurance company's offer.  If you are not satisfied with the settlement amount, please contact us.  You are entitled to fair market value of your vehicle.   More often than not, the insurance compa

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EchoPark Automotive Grand Prix DFS: DraftKings, FanDuel NASCAR Daily Fantasy Lineup Picks - RotoBaller

What Appears In This Article? hide

The NASCAR Cup Series heads to COTA on Sunday for the EchoPark Automotive Grand Prix, part of a tripleheader weekend at the track for NASCAR's top three series. On Saturday, Zane Smith drove to victory lane in the Truck Series race, while A.J. Allmendinger won the Xfinity event.

This will be the third Cup Series race at COTA. The inaugural winner, Chase Elliott, won't be racing Sunday as he recovers from his snowboarding injuries, but last year's winner, Ross Chastain, will be. Chastain led 31 laps here last year on the way to the first victory of his Cup Series career.

Below are my NASCAR DFS lineup picks for the COTA EchoPark Automotive Grand Prix on DraftKings and FanDuel this week. This slate locks on 3/26/23 at 3:44 p.m. ET. If you have any questions or want to talk about NASCAR, you can find me on Twitter at @juscarts.

Editor's Note: Win big with our NASCAR DFS Premium Pass! Jordan McAbee joins the team in 2023 with his exclusive DFS projections and algorithm-predicted finishing order. Get VIP access to our Lineup Optimizer, Research Station and Cheat Sheets for NASCAR Cup, Xfinity and Trucks contests. Join in on the fun with our other NASCAR DFS winners!Check It Out!

 

DFS Lineup Picks - DraftKings, FanDuel

Once you're done reading this article, be sure to also check out all of our other weekly NASCAR DFS articles and analysis to help you set your optimal DFS lineups. You should also make sure to check out our NASCAR DFS lineup tools for the ultimate combination of DFS resources to help you win big.

 

Ross Chastain

Starts 12th - DK: $10,100, FD: $13,000

Last year, Ross Chastain won this race, earning the first win of his Cup Series career. Starting 16th, Chastain first took the lead on lap 33 and went on to lead 31 laps. He was also fourth here in 2021 while driving for Chip Ganassi.

Chastain also ran the Truck Series race on Saturday, qualifying on the pole and leading 10 laps—almost a quarter of the race—and finishing fifth. This is a really great track for him. Starting 12th, Chastain has a chance to gain 10 or more place differential points and contend for the win. He's definitely one of the top plays on this slate.

 

A.J. Allmendinger

Starts 7th - DK: $9,700, FD: $12,000

A big part of why A.J. Allmendinger is back in Cup full-time is that the road-course heavy schedule offers him opportunities to get a win and earn a spot in the playoffs. And Sunday will be the first chance for that this season.

Allmendinger won Saturday's Xfinity race, with he and William Byron just driving away from everyone else. Allmendinger led 28 laps, including the final 14. He also led the first 14, bookending the race.

Starting seventh, Allmendinger is in a good position to get to the front relatively quickly. Not as fast as in the Xfinity race, but he should be able to run top five early, and with some good strategy, he should be a major threat to end the day in victory lane.

 

Ryan Blaney

Starts 38th - DK: $9,100, FD: $9,500

I mean...this is an obvious one. Blaney locked his tires up at the beginning of his qualifying lap and will end up firing off from the 38th position, offering virtually unlimited place differential upside for the 12 car.

Last year, Blaney qualified on the pole here, led a lap and finished sixth. This year, he starts 38th. I...I mean, I don't think I have to really connect many dots here. This is the place differential play in cash games. I get pivoting off him in GPP since he'll be so chalky, but he's going to score a ton of DFS points on Sunday unless something goes wrong.

 

Did you know RotoBaller has a Premium DFS NASCAR subscription? Like what you read today? You can show your support for Justin by using promo code CARTER when purchasing a NASCAR Premium Pass. You get 10% off and full access to all of our Premium NASCAR articles, DFS tools, and Lineup Optimizer! Be sure to check out screenshots of NASCAR DFS winners and testimonials from RotoBaller readers and writers who have been winning on DraftKings and FanDuel using RotoBaller's Premium NASCAR tools.

 

Brad Keselowski

Starts 30th - DK: $7,900, FD: $7,200

Both Roush Fenway cars are strong place differential plays on Sunday, with Chris Buescher starting 32nd and Keselowski starting two spots ahead in 30th. I'm writing about Brad K here because I felt I needed to pick one, but I'd go heavy on both. RFK looks like an improved team this year.

Last year, Keselowski finished 14th in this race, an improvement of eight spots from where he started. He should be able to get at least that many place differential points on Sunday.

 

Kimi Raikkonen

Starts 22nd - DK: $7,000, FD: $6,000

Trackhouse was really good here last year. Chastain won, and then Daniel Suarez led 15 laps, though he finished 24th. Now, we've got 2007 Formula 1 champion Kimi Raikkonen jumping into a Trackhouse car.

Raikkonen ran the Watkins Glen race last year in this car and crashed out, finishing 37th. But he had some moments in that race, running as high as eighth and spending 36.4% of the race in the top 15.

That was the Glen though, a place Raikkonen hadn't raced in F1. This is COTA, where he's raced eight times, with one win in 2018 and another podium in 2017. His experience here plus the speed of his car makes Raikkonen a threat to get a top-10 result.

(Also of note when talking about ringers for this race: Jordan Taylor's in the 9 car, but I don't love him because he starts fourth in his first Cup race so I'm worried about losing PD points. There's also Jenson Button in a Rick Ware car, though it should have more speed than RWR usually has. Starting 24th, there's definitely some upside there, but I like Raikkonen a good bit more.)

 

Aric Almirola

Starts 39th - DK: $5,800, FD: $3,500

Okay, look: Aric Almirola isn't good at road courses. His average finish at them is just 21.2, and he only has two top 10s in 34 road course starts in the Cup Series.

But both DraftKings and FanDuel seemed to be fully aware of this when pricing him, making him dirt cheap on both sites. That pricing plus his 39th-place starting spot on Sunday makes Almirola a fascinating play, because...yeah, he's not good here, but he's also in a pretty good car and has nothing but upside when it comes to place differential.

I wouldn't expect a ton here, but at this price, he's 100% worth playing.

NASCAR DFS News and Driver Outlooks

Jordan Taylor Making NASCAR Debut At COTA, Will Start 4th

Austin Cindric Excited To Showcase Speed At COTA This Weekend

Austin Dillon Starts 28th At COTA For Sunday

Ricky Stenhouse Jr. In Middle Of Pack For COTA

Denny Hamlin Rough Patch In Qualifying On Saturday

Kyle Busch Starts Ninth For COTA Race On Sunday

Kyle Larson Could Be A Wildcard On Sunday

Noah Gragson Finds Way To Qualify 10th At COTA

Brad Keselowski A Few Seconds Off the COTA Pace

Ryan Blaney Begins 38th For Sunday's Race At COTA

More Fantasy NASCAR Analysis

EchoPark Automotive Grand Prix DFS: DraftKings, FanDuel NASCAR Daily Fantasy Lineup Picks

COTA DraftKings NASCAR Lineup Picks & Projections (Premium Content)

COTA NASCAR Best Bets and Algorithm-Predicted Finishing Order (Premium Content)

NASCAR Xfinity Series: DraftKings DFS Lineup Picks for COTA Pit Boss 250 (3/25/23)

NASCAR Truck Series: DraftKings DFS Lineup Picks for COTA XPEL 225 (3/25/23)


The Keys to Weekly NASCAR DFS Success

NASCAR is back, and it's time for you to win big with RotoBaller!Our DFS NASCAR Premium Package features several heavy hitters and proven winners.

Jordan McAbee joins the team in 2023 with his exclusive NASCAR DFS projections and algorithm-predicted finishing order! In 2022 DFS contests, Jordan had a +33.92% profit margin good for +$10,467.06 profit and qualified for the Fantasy Racing World Championship.

Four-time NASCAR Racing Writer of the Year finalist and fantasy industry legend Scott "The King" Engel is also in the crew, bringing you his weekly strategies and lineup picks. Set your winning DFS lineups with our award-winning team.

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Rivian Automotive, Inc. (NASDAQ:RIVN) Given Average ... - MarketBeat

Sun., March 26, 2023 | MarketBeat

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Rivian Automotive, Inc. (NASDAQ:RIVN - Get Rating) has been given an average recommendation of "Moderate Buy" by the twenty-one research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $32.50.

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Several analysts have recently commented on RIVN shares. Bank of America started coverage on shares of Rivian Automotive in a research report on Friday, March 10th. They set a "buy" rating and a $40.00 price objective for the company. Cantor Fitzgerald reduced their price objective on shares of Rivian Automotive from $30.00 to $27.00 and set an "overweight" rating for the company in a research report on Wednesday, March 1st. Truist Financial reduced their price objective on shares of Rivian Automotive from $50.00 to $44.00 and set a "buy" rating for the company in a research report on Wednesday, March 1st. Royal Bank of Canada reduced their price objective on shares of Rivian Automotive from $50.00 to $28.00 and set an "outperform" rating for the company in a research report on Wednesday, March 1st. Finally, Barclays assumed coverage on shares of Rivian Automotive in a research report on Tuesday, February 14th. They issued an "overweight" rating and a $28.00 price target for the company.

Insider Transactions at Rivian Automotive

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In other news, CAO Jeff Baker sold 2,331 shares of Rivian Automotive stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $18.98, for a total transaction of $44,242.38. Following the sale, the chief accounting officer now directly owns 87,000 shares in the company, valued at approximately $1,651,260. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Jeff Baker sold 2,331 shares of Rivian Automotive stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $18.98, for a total transaction of $44,242.38. Following the sale, the chief accounting officer now directly owns 87,000 shares in the company, valued at approximately $1,651,260. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Claire Mcdonough sold 2,090 shares of the business's stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $18.99, for a total value of $39,689.10. Following the completion of the sale, the chief financial officer now owns 75,804 shares in the company, valued at $1,439,517.96. The disclosure for this sale can be found here. Company insiders own 2.34% of the company's stock.

Institutional Investors Weigh In On Rivian Automotive

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RIVN. Victory Capital Management Inc. grew its holdings in Rivian Automotive by 68.1% during the 4th quarter. Victory Capital Management Inc. now owns 496,823 shares of the electric vehicle automaker's stock valued at $9,156,000 after buying an additional 201,241 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in Rivian Automotive by 133.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 34,720 shares of the electric vehicle automaker's stock valued at $639,000 after buying an additional 19,848 shares in the last quarter. Cravens & Co Advisors LLC purchased a new position in Rivian Automotive during the 4th quarter valued at about $201,000. Natixis purchased a new position in shares of Rivian Automotive during the fourth quarter worth about $351,000. Finally, Macquarie Group Ltd. grew its holdings in shares of Rivian Automotive by 70.5% during the fourth quarter. Macquarie Group Ltd. now owns 16,531 shares of the electric vehicle automaker's stock worth $305,000 after purchasing an additional 6,837 shares in the last quarter. 67.97% of the stock is currently owned by institutional investors.

Rivian Automotive Stock Down 0.7 %

Shares of NASDAQ RIVN opened at $13.62 on Friday. The company has a 50 day simple moving average of $17.22 and a 200 day simple moving average of $25.05. The firm has a market cap of $12.54 billion, a PE ratio of -1.84 and a beta of 1.83. Rivian Automotive has a 1 year low of $12.58 and a 1 year high of $56.76. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.42 and a quick ratio of 4.86.

Rivian Automotive (NASDAQ:RIVN - Get Rating) last released its earnings results on Tuesday, February 28th. The electric vehicle automaker reported ($1.73) earnings per share for the quarter, beating analysts' consensus estimates of ($1.89) by $0.16. The business had revenue of $663.00 million during the quarter, compared to the consensus estimate of $729.47 million. Rivian Automotive had a negative net margin of 407.24% and a negative return on equity of 37.49%. The company's revenue for the quarter was up 1127.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($2.43) EPS. On average, research analysts forecast that Rivian Automotive will post -5.46 EPS for the current year.

About Rivian Automotive

(Get Rating)

Rivian Automotive, Inc designs, develops, manufactures, and sells electric vehicles and accessories. The company offers five-passenger pickup trucks and sports utility vehicles. It provides Rivian Commercial Vehicle platform for electric Delivery Van with collaboration with Amazon.com. The company sells its products directly to customers in the consumer and commercial markets.

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Analyst Recommendations for Rivian Automotive (NASDAQ:RIVN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to This email address is being protected from spambots. You need JavaScript enabled to view it..

Before you consider Rivian Automotive, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rivian Automotive wasn't on the list.

While Rivian Automotive currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here


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Automotive Properties Real Est Invt TR (TSE:APR.UN) Given ... - MarketBeat

Sun., March 26, 2023 | MarketBeat

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Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Rating) has received an average recommendation of "Hold" from the nine brokerages that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$13.03.

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A number of research analysts have recently weighed in on the company. Raymond James cut their price objective on Automotive Properties Real Est Invt TR from C$13.75 to C$13.25 and set an "outperform" rating on the stock in a report on Thursday, December 22nd. Cormark cut their price objective on Automotive Properties Real Est Invt TR from C$13.85 to C$13.20 in a report on Monday, March 20th. Canaccord Genuity Group raised Automotive Properties Real Est Invt TR from a "hold" rating to a "buy" rating in a report on Thursday, December 22nd. Scotiabank cut their price objective on Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 in a report on Monday, March 20th. Finally, National Bankshares lowered their target price on Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set a "sector perform" rating on the stock in a research note on Monday, January 30th.

Automotive Properties Real Est Invt TR Trading Up 4.4 %

Shares of TSE:APR.UN opened at C$12.24 on Friday. The business's 50-day moving average is C$12.32 and its 200 day moving average is C$12.37. Automotive Properties Real Est Invt TR has a 1 year low of C$11.11 and a 1 year high of C$14.88. The firm has a market capitalization of C$486.30 million, a P/E ratio of 5.83 and a beta of 0.91. The company has a debt-to-equity ratio of 106.71, a current ratio of 1.31 and a quick ratio of 0.02.

Automotive Properties Real Est Invt TR Dividend Announcement

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The company also recently announced a monthly dividend, which was paid on Monday, January 16th. Stockholders of record on Monday, January 16th were given a $0.067 dividend. The ex-dividend date was Thursday, December 29th. This represents a $0.80 annualized dividend and a dividend yield of 6.57%. Automotive Properties Real Est Invt TR's dividend payout ratio (DPR) is presently 38.10%.

About Automotive Properties Real Est Invt TR

(Get Rating)

Automotive Properties REIT is an unincorporated, open-ended real estate investment trust focused on owning and acquiring primarily income-producing automotive dealership properties located in Canada. The REIT's portfolio currently consists of 54 income-producing commercial properties and one development property, representing approximately two million square feet of gross leasable area, in metropolitan markets across Ontario, Saskatchewan, Alberta, British Columbia and Québec.

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Analyst Recommendations for Automotive Properties Real Est Invt TR (TSE:APR.UN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to This email address is being protected from spambots. You need JavaScript enabled to view it..

Before you consider Automotive Properties Real Est Invt TR, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Automotive Properties Real Est Invt TR wasn't on the list.

While Automotive Properties Real Est Invt TR currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here


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Electric cars are creating a new economy -- and leaving some towns ... - Daily Herald

BELVIDERE, Ill. -- Early last year, workers at a Jeep factory here hoped their plant would be converted to an electric vehicle facility as the auto industry revamps for a green-energy future. Engineers came to take measurements for a possible retooling, and rumors spread that electric sports cars were on the agenda.

But those hopes crumbled last month when the corporate parent company, Stellantis, ended production at the 58-year-old plant and laid off roughly 1,200 workers, ripping the heart out of this small town 70 miles northwest of Chicago.

The decision, now causing knock-on layoffs and lost business at local auto-parts suppliers, restaurants and shops, shows the dark side of the zero-emissions economy the Biden administration is championing with tens of billions of dollars of taxpayer-funded subsidies. Even as many communities will be transformed by the federally backed push to produce electric cars, batteries and solar panels, some will get left behind.

"Whenever you turn the ship ... you're going to have casualties. Unfortunately the casualties are going to be our employees and our community," Belvidere Mayor Clinton Morris said in an interview.

Federal subsidies for electric vehicles aren't the only reason automakers are going green. But since federal officials have "put their finger on the scale" in favor of EVs, they should be doing more to lessen collateral damage for towns like Belvidere, Morris added. "If they're going to weigh in on that, they should weigh in on how they're going to help employees here and keep them in the community."

As it embarks on its biggest retooling in a century, the auto industry has announced more than $70 billion of EV investments in the United States alone. That spending is already creating new pockets of prosperity in many parts of the country -- and apprehension in the long-standing auto-manufacturing communities whose fates aren't yet certain.

Protecting jobs in the EV transition will be a top concern for the United Auto Workers union as it enters negotiations with Ford, General Motors and Stellantis this year for new multiyear labor contracts. Particularly vulnerable are the jobs and Midwestern communities that manufacture the gas-powered engines and transmissions not needed in an EV.

White-collar workers also face uncertainty. General Motors in recent weeks began offering buyouts to its U.S. salaried employees as it trims costs to pay for the EV transition.

In a recent meeting with Stellantis chief executive Carlos Tavares, Biden's climate adviser, Ali Zaidi, encouraged the auto company to apply for federal funds to help repurpose the Belvidere factory, according to a White House official, who spoke on the condition of anonymity to discuss a private meeting. Stellantis spokeswoman Jodi Tinson declined to comment.

"The president foresaw that this inevitable transition is going to pose challenges for some firms, workers and communities and that is why his agenda has specific programs to help communities," Celeste Drake, deputy director of the National Economic Council, said by email. The programs include $2 billion in the Inflation Reduction Act for retooling auto factories and Department of Energy loans for clean-energy projects, she said.

Earlier this month, signs of the unease to come were on display in the UAW parking lot in Belvidere, where laid-off workers filed in and out of meetings to decipher their fate. Some with enough seniority can retire early with their pension benefits. Others can request a transfer to another plant out of state. Most complained that Stellantis was providing minimal information about their options.

"They ain't telling us nothing," Alex Lerma, a 26-year veteran with the company, said as he hurried into the building to fill out forms. "I'm going to have to move to Ohio or Michigan -- it's not clear."

"We got passed over," another worker muttered as he rushed by.

Aaron and Sonja Penrod, a married couple, face the possibility of being split up as Sonja pursues early retirement and Aaron considers seeking a transfer to Detroit. Sonja has enough years under her belt to get her pension, but Aaron needs three more before he's eligible.

Sonja moved to Indiana and then Illinois to keep her job after Stellantis's predecessor company, Chrysler, closed a factory in St. Louis more than a decade ago, and she says she doesn't want to move to a new place again. So if Aaron heads to Detroit, she will probably retire to the farmhouse they own south of St. Louis.

"I will go visit [Aaron]. I will be in a different state, possibly 10 hours away," she said over chips and salsa at a local restaurant.

"I'll just go live in a little studio apartment somewhere till I get my time," Aaron said. It's not certain he will get a transfer, though -- some of his friends who were laid off during an earlier downsizing at the factory two years ago still haven't been offered a job at another Stellantis plant, he said.

For now, they are part of a skeleton crew still working at the Belvidere factory, disassembling and boxing up equipment, a temporary gig that they expect will end soon. Stellantis has said it is "working to identify other opportunities to repurpose the Belvidere facility," but the Penrods see the dismantling of the machinery as a bad sign.

Also on the skeleton crew is Elise Smelser, a pipe fitter who grew up near the factory and began working there in 1999, training under the supervision of her father. Her parents, siblings and 17 nieces and nephews still live in the area and she doesn't want to leave, but at 50 she's too young to retire.

"I started grinding my teeth after they told us -- like, during the day, not just at night when I sleep," said Smelser, who is dreading a transfer out of state. "All my family's here, and I have a house ... plus I would go to a place where I'd be lucky to know, like, two or three people."

Sipping a drink at the Wild Cherries bar a day after attaching his last Jeep bumper, laid-off worker Jerome Davis said he was putting in for a transfer to Detroit, where he has family and even a house that his mother left him. He worries he'll get sent to Toledo instead, and overall he has "no desire to leave" Belvidere, he said.

Thanks to their union, the autoworkers have strong protections during layoffs, including months of severance pay and options for those with enough seniority to retire early with a pension. But the rest of Belvidere has far less of a safety net.

Wrapping up a slow lunch hour at their Mexican restaurant in Belvidere's quaint downtown, siblings Victor Hernandez Jr. and Iveeth Dominguez worried about losing their weekly lunch order from the factory. Every Friday they would deliver $500 or $600 worth of burritos to the plant: a good chunk of their revenue. Autoworkers have also been regular visitors to the restaurant, El Molcajete, since their father opened it in 1994.

Victor said their cousin worked at the auto factory until the last round of downsizing, when he got transferred to Detroit. He left his family behind at their house in Belvidere so his kids could stay in school, and he rents an apartment in Detroit.

"I think that's what a lot of people are doing. They still have their family here because this is where they grew up, this is where they are based. And then they're renting and they come back and forth," he said. The factory closing didn't just eliminate jobs, Victor added. "They're also taking the people away."

Around the corner at Buchanan Street Pub, bartender Toni Stumpf said she recently got a second job in a town half an hour away because business has slowed to a crawl in Belvidere. Lately she's been earning $60 to $80 in tips from an 11 a.m.-to-7 p.m. shift compared with $1oo to $200 in better times.

Her usual customers "don't have that spending money," she said. "They've got enough money from unemployment to pay their bills, hopefully, you know, but they don't have fun money."

Across the street from a giant mural of Belvidere's most famous daughter, the Chicago architect and MacArthur Fellow Jeanne Gang, a local barbershop stood empty on a recent afternoon. Owner James Emanuel said the town has other employers to fall back on, including General Mills, which manufactures granola bars and other foods in Belvidere and recently opened a giant distribution center.

Still, the Stellantis shutdown is "definitely going to have an effect on the community, and not just Belvidere," he said. "It's going to be Rockford. It's going to be southern Wisconsin."

After days of back-to-back meetings with union members, Kevin Logan, president of UAW Local 1268, spoke with The Washington Post about the shutdown and the "mixed emotions" he has about the electric transition.

"We've got to do something to reduce the emissions and everything for the environment," he said from the empty union hall as night fell outside. But the job losses worry him, along with the lack of charging infrastructure. "I wish that we would, as a company or as a country, slowly go into it ... I just think it's happening so quickly."

Logan, who worked at the factory for more than 10 years before switching to union work, said he plans to pursue early retirement to keep his family rooted in the Belvidere area. But for the past several days he'd heard story after story of workers who faced tougher decisions -- spouses who didn't know whether they could get transferred to the same city, parents worried about leaving high school kids behind in Belvidere, and workers who are caring for an elderly parent.

He also worries about the town's tax base and ability to maintain services.

"Is the school going to start laying off teachers? You know, enrollment is probably going to go down in schools if people are moving away," he said. "Could that be a trickle-down where police start laying people off? And then does crime pick back up? It's just a ripple effect throughout the whole community, and it's going to devastate this area."

Illinois-factory

                                                                                                                                                                                                                       
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Hit-and-run crash on South Side causes parked car pileup - CBS News

Local News

By Sara Machi

Updated on: March 26, 2023 / 12:43 AM / CBS Chicago

Cars swideswiped by hit-and-run driver on South Side

CHICAGO (CBS) -- A hit-and-run crash in Chicago's Greater Grand Crossing neighborhood had so much force it caused a parked car pileup. Now police are looking for the driver. 

They have a key piece of evidence: video of the truck neighbors say caused all that damage. 

Neighbors say the truck sideswiped one car, then hit a parked car with so much force that it pushed several yards into several other parked cars. 

"I was in shock. I couldn't believe it," said car owner Ashlee Winston. 

She said she bought her car as a graduate school gift to herself a few years ago, but Saturday afternoon her present became a thing of the past. She said she heard a loud bang and a truck beeping as it backed up. 

Then she saw her car crushed into the parked car pileup. Five cars were damaged on 72nd and St. Lawrence. 

Katryina Redmond's Chevy Blazer was one of those cars. 

"It's just like you're just going to get away scot-free with this? No no," she said. 

A fast acting neighbor said she got video of the commercial truck pulling away from the hit-and-run crime scene, driving down the street, and turning the wrong way on a one-way as it left.

"I'm just hoping and praying that we get something," said Redmond. 

Neighbors say they're not surprised by the reckless driving. 

"They speed. They were on the spot. Stop signs. It's like a really dangerous street," said neighbor Devin Knox. 

Redmond says her insurance provider is closed until Monday, the same day she goes back to work. She is unsure how she'll get there.

"We all have to pay the consequences of your actions? I mean it's not fair. It's not fair," she said. 

Every neighbor CBS 2 talked with said that they see cars speeding through all the time. Redmond said she wants something to be done and suggested maybe even speed bumps be put in.

First published on March 26, 2023 / 12:20 AM

© 2023 CBS Broadcasting Inc. All Rights Reserved.

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