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Automotive News Archive22-Aug-2006Bank 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. Chrysler Renews Discounts as Sales Slump The Chrysler group has extended its Employee Pricing Plus discount program through August 31. The sales promotion was set to expire July 31. White House Stiffs Automakers Again U.S. automakers are on ice again at the White House, this time until July. Electronic Stability Control "Should Be Standard" There's a growing body of evidence suggesting that occupants of cars equipped with electronic stability control, an extension of antilock brake technology, have a much better chance of surviving a serious auto accident. Senators Want Better Fuel Economy A group of U.S. senators want fuel economy standards for passenger cars and light trucks to increase by 4 percent each year, or about one mile per gallon. The average fuel economy of U.S. vehicles has been stagnant for several years as consumers have opted for more power and luxury rather than fuel economy. Exxon Mobil Profits, Consumer Gas Prices Near Record Highs Exxon Mobil has made more than $20 billion in profits in just six months. The world's largest publicly traded company reported a near-record quarterly profit of $10.36 billion on top of the record $10.7 billion quarterly profit the oil company reported three months ago. Hummer Sales Up as General Motors Withers May was almost a horrible sales month at General Motors but not quite -- thanks to the Hummer. It seems that a hardy band of 4,737 people ignored or thumbed their noses at rising gasoline prices and bought a Hummer. Bus Fires May Be Under-Reported Federal accident investigators have concluded that bus passengers may be at more risk than anyone thought. Testifying at a hearing on the bus fire that killed 23 elderly hurricane evacuees last year, the safety experts said fires aboard buses appear to be under-reported. Gas Prices Force Consumers To Cut Other Spending A large majority of American consumers, 76 percent, fear gasoline prices will continue up and half of the country believes the cost of a gallon of gasoline could eventually exceed $5.
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