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Automotive News Archive11-Aug-2006Gas 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. Toyota Tundra Recalled to Disable Front Passenger Airbag Switch In an odd twist of automotive safety, the Toyota Motor Corp. will recall nearly 160,000 Tundra pickups to disable the front-seat passenger airbag cut-off switch because the trucks do not have the required lower anchorage and tethers for children known as the LATCH system. Chrysler Cancels U.S. Sales of Diesel Jeep Liberty DaimlerChrysler is ending production of the fuel-efficient diesel version of its Jeep Liberty SUV for the U.S. market because the compact SUV doesn't meet tougher federal emissions standards that go into effect next year. 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. Gas Prices Rise Like a 4th of July Rocket The average price for a gallon of gasoline in creeping toward $3 again with drivers now paying an average $2.93 for regular as the Fourth of July holiday comes to an end. Porsche Takes J.D. Power Win Porsche came in first, winning the top spot in the J.D. Power and Associates 2006 survey of initial vehicle quality. Porsche beat out Lexus, last year's winner. Hyundai moved up, way up, to third. Rising Gas Prices Cutting into Spending, Survey Finds More than half of Americans are driving less and cutting back on household spending because of rising gasoline prices according to a new poll by Quinnipiac University in Hamden, Connecticut. Jeep Grand Cherokee May Suddenly Accelerate The Connecticut Attorney General is telling federal regulators that they ought to investigate unintended acceleration in the Chrysler Jeep Grand Cherokee after a 52-year-old man was run over and killed by a Grand Cherokee in a Connecticut car wash. Toyota Hybrid Tax Credit to Decline as Sales Climb For consumers considering a Toyota Prius, now is the time to act. The hefty federal tax credit attached to the hybrid will soon go down and the amount a consumer can pocket could well decline before clearing the ample waiting list at a nearby Toyota dealer.
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