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Automotive News Archive13-May-2006Hybrid Sales Slow, Automakers Worried Slowing sales of several gasoline-electric hybrid vehicles have automakers worried. Honda is on the verge of cutting production of its hybrid Accord and perhaps discontinuing the ground breaking Insight, the first hybrid sold in the U.S. Researchers: Speed Cameras Make Drivers Slow Down A new Australian review of existing research suggests that "speed cameras" and other devices can reduce automobile accident rates by allowing authorities to detect and cite speeders as they zip down the road. 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. Consumers Blame Bush & Big Oil for Gas Prices The most recent Gallup poll finds three in four Americans are angry with the recent increase in gasoline prices and they are blaming the oil companies and the Bush administration. 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. 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. Online Car Sale Scams Roll On Scammers continue to use online automotive and auction sites to cheat would-be car buyers out of thousands of dollars.
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