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Automotive News Archive09-Nov-2006Mazda Plans Recall of Troubled RX-8 Leaks in the sports car's rotary engine causing a variety of problems. Report Blames White House Inaction for High Gas Prices One year after the Administration's energy policy was signed into law, consumers are paying record high prices for gas and the majority of the cost increases have turned into profits for domestic oil companies. Gas Price Run-Up Easing Slightly Prices inching downward just as records are reached. OPEC Seeks To Tighten Oil Supplies, Stop Price Slide Oil prices rallied above $60 per barrel on the OPEC report. 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. GM Extends Warranty to Five Years, 100,000 Miles Embattled automaker hopes to improve image, sell quality.
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