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Automotive News Archive23-Oct-2006House 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. Car Thieves Like the Fast, Furious and Blinged Out Car thieves are little bothered by soaring gasoline prices as they continue to steal hot, high-priced little sports cars along with blinged-out gas-guzzling SUVs. Toyota Hybrid Tax Credit to Decline as Sales Climb For consumers considering a Toyota Prius, now is the time to act. The hefty federal tax credit attached to the hybrid will soon go down and the amount a consumer can pocket could well decline before clearing the ample waiting list at a nearby Toyota dealer. Graduated Driver Licensing Reduces Fatal Crashes Graduated driver licensing programs reduce, by an average of 11 percent, the incidence of fatal crashes among 16-year-old drivers, according to a study by researchers from the Johns Hopkins Bloomberg School of Public Health. 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. Ford Flex-Fuel Claims Challenged Public Citizen claims Ford's flex-fuel cars won't run on ethanol. Toyota Beats Ford in July Sales More U.S. consumers bought Toyotas than Fords in July making the Japanese automaker number two in U.S. sales behind General Motors for the first time. Gas Price Run-Up Easing Slightly Prices inching downward just as records are reached. Cadillac Escalade Tops With Thieves The most stolen vehicle in the U.S. is the Cadillac Escalade. Least likely to attract a car thief is the humble Ford Taurus station wagon. Feds Wind Up Ford Engine Fire Probe with Massive Recall Federal investigators have concluded that the cruise control switch found in 6.7 million Ford vehicles might cause a potentially devastating fire that could spread throughout the engine compartment and set the vehicle ablaze.
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