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Automotive News Archive23-Aug-2006House to Vote on Ethanol Subsidy Facing a Fourth of July recess crowded with constituents angry over rising gasoline prices, the House of Representatives plans to vote on a bill to use fuel economy fines to subsidize installing ethanol pumps at some filling stations. 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. Ethanol Lobbying Disclosures Questioned Public Citizen has filed complaints with Congress about potential violations of the Lobbying Disclosure Act of 1995 by the Renewable Fuels Association (RFA), a national association for the ethanol industry, and Archer Daniels Midland (ADM), America's largest ethanol producer. Toyota Beats Ford in July Sales More U.S. consumers bought Toyotas than Fords in July making the Japanese automaker number two in U.S. sales behind General Motors for the first time. 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. Feds Wind Up Ford Engine Fire Probe with Massive Recall Federal investigators have concluded that the cruise control switch found in 6.7 million Ford vehicles might cause a potentially devastating fire that could spread throughout the engine compartment and set the vehicle ablaze.
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