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Automotive News Archive11-Nov-2006Some SUV Owners Burning More than Gas A growing number of SUV owners unable to cope with rising gas prices are turning to arson to escape high car payments, according to published reports. House to Vote on Ethanol Subsidy Facing a Fourth of July recess crowded with constituents angry over rising gasoline prices, the House of Representatives plans to vote on a bill to use fuel economy fines to subsidize installing ethanol pumps at some filling stations. Gas Tops $3 in Majority of States Regular gasoline now costs $3.00 a gallon or more in 31 states and the District of Columbia, an increase of four states from last week. Oil Giant Produces Gigantic Profit Exxon Mobil reports second highest profits ever recorded by a U.S. company. GM Plans New Plug-in Hybrid Company trying to live down its image as electric car killer. Toyota Tundra Recalled to Disable Front Passenger Airbag Switch In an odd twist of automotive safety, the Toyota Motor Corp. will recall nearly 160,000 Tundra pickups to disable the front-seat passenger airbag cut-off switch because the trucks do not have the required lower anchorage and tethers for children known as the LATCH system. Electronic Stability Control "Should Be Standard" There's a growing body of evidence suggesting that occupants of cars equipped with electronic stability control, an extension of antilock brake technology, have a much better chance of surviving a serious auto accident. U.S. Fuel Economy Stagnant for 12 Years U.S. fuel economy has not changed significantly since 1994 and cars and trucks are burning as much fuel as ever despite the turmoil in energy markets and sky-high gasoline prices, according to the Environmental Protection Agency (EPA). Tax Credit for Toyota Hybrids Begins Fade Away October 1 Tax credits begin to disappear after 60,000 sales. Gas Prices Moving Up Again Gasoline prices are on the move again and they are on the move up. The average price for regular unleaded gasoline nationwide is now $2.87 a gallon and that is up two cents in a week.
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