Latest Car News

Mazda6 Not Discontinued

Posted: May. 12, 2011 10:05:00 a.m.

Yesterday, Automobile Magazine and a few other publications reported that Mazda will discontinue the Mazda6, its affordable midsize sedan. But, after calling Mazda spokespersons, several publications have confirmed that these rumors are false.

According to Car and Driver and Left Lane News, the 6 will be around for a while longer. “This is consistent with what we were told during a recent conversation with Mazda’s U.S. CEO Jim O’Sullivan,” Car and Driver writes, “who indicated that the ...

Toyota's Profit Down 77 Percent

Posted: May. 11, 2011 11:05:54 a.m.

Japanese automakers have had a tough time recovering from the disaster in Japan, and Toyota is no exception. The New York Times reports, “Toyota, whose operations have been severely disrupted since the March 11 earthquake and tsunami in Japan, said Wednesday that its quarterly profit fell 77 percent but that it expects production to begin recovering up to two months sooner than previously forecast.”

“We finished the fiscal year to March 31, 2011 with improved operating income of 468.2 ...

Kia Optima Hybrid to start at $26,500

Posted: May. 11, 2011 10:05:12 a.m.

Demand for fuel-efficient cars is high, especially since gas prices are up and Japanese automakers are still experiencing production shortages. Car shoppers aren’t out of luck, however, as the Kia has announced a starting price of $26,500 on the new Optima Hybrid. “Set to hit showrooms in June, the Optima Hybrid employs a Kia-developed powertrain that includes several innovations, including advanced lithium polymer batteries from LG Chem, to deliver up to 35 miles per gallon in city driving ...

Best Buy Looks to Sell EVs In-Store

Posted: May. 10, 2011 10:05:23 a.m.

Since gas prices are up, hybrid and electric vehicles like the Chevy Volt and the Nissan Leaf are looking more and more attractive. And when you start shopping for a new electric vehicle, Best Buy might eventually be on the list of dealerships you visit. “The Minneapolis-based chain is hoping to segue into the EV sales market in the long-term,” writes Automobile Magazine. “Selling electric vehicles would not be completely new territory for Best Buy, as they are already selling ...

Audi Recalls A6, S6 and RS6 for Possible Fuel Leak

Posted: May. 10, 2011 10:05:43 a.m.

If you own or are thinking about buying an Audi with a more than a few miles on it, this recall might affect you. Audi’s parent company, Volkswagen is recalling 2001-04 A6, 2002-03 S6 and 2033 RS6 models because a potential issue with the fuel system could lead to a fuel leak.

The problem in affected cars is linked to the fuel tank rollover valve. “The aging of the plastic material in the fuel tank rollover valve combined with ...

Mercedes-Benz to Discontinue G55 AMG

Posted: May. 09, 2011 01:05:15 p.m.

Mercedes-Benz announced last week that before it discontinues its iconic G55 AMG SUV for the 2012 model year, it will release two special editions. Unfortunately, U.S. fans of the supercharged Geländewagen won’t be able to get their hands on these special-edition upgrades, since they’ll only be released in Europe. “Americans will have to admire these special models of the G-Class from afar,” writes Anita Leinert of Inside Line.

So, if you’ve always had your sights ...

Used Car Prices Hit Record High

Posted: May. 09, 2011 01:05:15 p.m.

According to the Manheim Used Vehicle Value Index, used-car prices hit another record high last month. “At the same time that wholesale volumes have fallen, retail demand has picked up,” writes Manheim. This combination of lower supply and increased demand is likely a major force in rising used car prices. Plus, the effects of the natural and nuclear disasters in Japan will be felt through September, contributing to even higher prices.

“With Japanese auto plants still operating at vastly reduced ...

NHTSA Expands Investigation into Ford F-150

Posted: May. 09, 2011 12:05:00 p.m.

The National Highway Traffic Safety Administration has expanded its investigation of the fuel tanks in Ford F-150 models to include more than 2.7 million vehicles. According to the NHTSA’s report, “The straps that support the fuel tank can rust and break, possibly dropping the tank and causing a fuel leak. Leaking gasoline presents a fire hazard.” No formal recall has been made yet, and the NHTSA is still looking into the 306 complaints it has received so far ...

Toyota, Scion Offer College Graduates Additional $1,000 on Select New Models

Posted: May. 06, 2011 10:05:33 a.m.

In a tough economy with high unemployment rates, college students who are about to graduate will soon be saddled with student loans and trying to land their first job out of school. Toyota is trying to entice these young car shoppers to buy a new Toyota or Scion vehicle with an extra $1,000 rebate.

Toyota Financial Services is offering qualified college graduates a $1,000 rebate toward the purchase or lease of select new Toyota and Scion vehicles, when ...

Americans Spend $386.09 Monthly on Gasoline

Posted: May. 05, 2011 10:05:11 a.m.

If you don’t keep track of your gas receipts, you might want to start. You're probably spending more on gas each month than you realize.

A recent study the Oil Price Information Service did for CNNMoney found that the average American household spent $368.09 on gas in April. That’s college textbooks for one semester, two weeks of groceries or two 16 GB iPod Nanos.

“The study, which compared average gas prices with median incomes nationwide,” writes ...

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