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Automotive News Archive18-Oct-2006Oil Production Up, Gas Prices Down How long will it last? 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. Toyota Builds More Efficient Gasoline Engines Toyota, already the world leader in gasoline-electric hybrid vehicles, says it has designed a new family of fuel-efficient gasoline-powered engines that will be cleaner and more efficient than their predecessors. OPEC Seeks To Tighten Oil Supplies, Stop Price Slide Oil prices rallied above $60 per barrel on the OPEC report. Ford Joins Summer Incentives Battle First General Motors offered a year's supply of $1.98 gasoline in Florida and California to buyers of selected GM cars and trucks, now Ford is promising to buy you $1,000 of gasoline if you drive off one of its products. Study: Auto Buyers Responding to Low-Interest Loans Low-interest incentive programs appear to be resonating with consumers, according to real-time retail transaction data from the Power Information Network (PIN), a division of J.D. Power and Associates. Gas Price Run-Up Easing Slightly Prices inching downward just as records are reached. 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. Chevy Impala, Toyota Avalon Tops in Side Impacts The redesigned Chevrolet Impala and Toyota Avalon equipped with standard side airbags earned top ratings of "good" in side crash tests that simulate an impact from an SUV or pickup truck, according to the Insurance Institute for Highway Safety. California Sues Automakers Over Global Warming Tailpipe emissions contribute to global warming, suit argues.
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