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Automotive News Archive05-May-2006Prius Rage Gives Rise to Hybrid Haters Growing numbers of hybrid drivers are becoming victims of road rage and they are calling it the "Prius Backlash" as the poltical debate over the environment seems to be moving to the carpool lanes. Chevron Reports Huge Profit Chevron Corp., the No. 2 oil company in the U.S. reported quarterly earnings rose 49 percent to $4 billion, topping Wall Street expectations and sparking a 2 percent rise in the stock. Study: Drivers Cause Most Large Truck Crashes Drivers of large trucks and other vehicles involved in truck crashes are ten times more likely to be the cause of the crash than other factors, such as weather, road conditions, and vehicle performance according to a new study released by the Federal Motor Carrier Safety Administration (FMCSA). Bush Proposes Lifting Hybrid Tax Credit Limit President Bush says Congress ought to eliminate the limit on the number of hybrid vehicles produced by an automaker that qualify for current tax credits. Politicians Feel Heat, Point Finger at Big Oil America's political leaders have, for the most part, steadfastly ignored rising gasoline prices for almost 18 months. Now, with an election not far away and prices skyrocketing, the politicians sense their strategy has failed them. New Government Rules May Fuel Gas Prices New Federal rules requiring oil companies to replace an emissions-reducing chemical added to gasoline with ethanol could spark shortages and lead to $3 a gallon gasoline again, according to a U.S. Energy Department assessment. Gas prices are already rising quickly, with the national average now above $2.50 a gallon. Hot-Selling GM Products No Bargain for Consumers What is good for General Motors these days may not necessarily be good for the automotive consumer. Take a look at two hot GM products currently making money for the struggling automaker -- the Chevy Tahoe and the SUV sold as the Chevy Suburban, GMC Yukon XL and Cadillac Escalade. Gasoline Prices May Be Leveling Off Gasoline prices continue to climb, rising almost 7 percent in April alone. Nevertheless, oil industry analyst Trilby Lundberg says consumers may be in for a break because of increasing supplies. New Fuel Economy Rules on the Way The Bush administration plans to announce final fuel economy regulations that will require vehicles average 24 miles per gallon by 2011.
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