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Automotive News Archive06-Aug-2006Ford Joins Summer Incentives Battle First General Motors offered a year's supply of $1.98 gasoline in Florida and California to buyers of selected GM cars and trucks, now Ford is promising to buy you $1,000 of gasoline if you drive off one of its products. Gas Prices Up 2 Cents Despite Oil Price Drop Crude oil prices are down slightly from record highs but consumers are still paying for the oil price spike when they fill up. Gas Prices Slip 4 Cents Gasoline prices are creeping down ever so slowly as the heavy summer driving season gets underway. Graduated Driver Licensing Reduces Fatal Crashes Graduated driver licensing programs reduce, by an average of 11 percent, the incidence of fatal crashes among 16-year-old drivers, according to a study by researchers from the Johns Hopkins Bloomberg School of Public Health. Imports Beat Domestic Auto Sales Through May It wasn't too long ago that Ford and GM were arguing about who was No. 1 in sales. There's no argument anymore. Foreign-based auto brands captured more than 50 percent of U.S. sales to consumers in the first five months of 2006 according to the latest vehicle registration data from R.L. Polk & Co. Gas Prices Moving Up Again Gasoline prices are on the move again and they are on the move up. The average price for regular unleaded gasoline nationwide is now $2.87 a gallon and that is up two cents in a week. Car Dealers Improve Service Performance When it comes to repairs and maintenance, auto dealerships are doing better at getting the work done right the first time and having the vehicle ready when promised, according to the J.D. Power and Associates 2006 Service Usage and Retention Study (SURS). Gas Prices Pushing $3 Again Gasoline prices have reached their highest levels of the year with the average price of regular unleaded gasoline nationwide now standing at $2.94 a gallon and rising. Bank Of America Offers Hybrid Rebate to Employees The number two bank in the U.S. plans to offer $3,000 rebates to some employees who buy hybrid vehicles. Banker of America Corp. is now the largest U.S. corporation to offer hybrid incentives. U.S. Fuel Economy Stagnant for 12 Years U.S. fuel economy has not changed significantly since 1994 and cars and trucks are burning as much fuel as ever despite the turmoil in energy markets and sky-high gasoline prices, according to the Environmental Protection Agency (EPA).
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