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Automotive News Archive25-Jul-2006Toyota 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. Toyota Looks at Plug-in Hybrid Toyota is considering a plug-in hybrid as well as ethanol-capable flex-fuel vehicles for the U.S. market, according to the president of Toyota Motor North America Inc. Gas Prices Slip 4 Cents Gasoline prices are creeping down ever so slowly as the heavy summer driving season gets underway. 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. 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. More Trouble for Popular Jeep Grand Cherokee The DaimlerChrysler Jeep Grand Cherokee is facing a second recall in a week. Mercedes Smart Car Headed for U.S. Market DaimlerChrysler plans to sell its 60-mile-per-gallon two-seater Smart Car in the U.S. next year. 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. Gas Prices Drip Down A Penny Good news. The average price of regular unleaded gasoline has dropped a penny to $2.89 a gallon. Hey, it may not be much but at least it's a small move in the right direction. Toyota Builds More Efficient Gasoline Engines Toyota, already the world leader in gasoline-electric hybrid vehicles, says it has designed a new family of fuel-efficient gasoline-powered engines that will be cleaner and more efficient than their predecessors.
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