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Automotive News Archive29-Jul-2006Gas Prices Slip 4 Cents Gasoline prices are creeping down ever so slowly as the heavy summer driving season gets underway. 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. Former Lobbyist Takes Over NHTSA Nicole R. Nason is now the new chief of the National Highway Traffic Safety Administration. Chrysler Sets Off Summer Car Sales War Chrysler plans to offer an employee-discount program for consumers beginning July 1, marking the first volley of what is almost certain to be another summer long new-car price war. 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. Toyota Recalls Near 800,000 for July Toyota has now recalled almost 800,000 vehicles in July, including 8,500 Prius hybrids as well as some Lexus hybrids sold in the U.S. The Japanese automaker is recalling 418,570 vehicles globally, including 150,000 cars sold in the U.S. and Canada because of a faulty crankshaft sensor.
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