Exxon Breaks Quarterly Earnings Record
July 31, 2008 - Besting its own 2007 record for the greatest quarterly earnings in U.S. history, Exxon reported a net income of $11.68 billion, but still did not come up to analysts' prediction for the reporting period.

Miles Driven by Americans in May Plummets Sharply
July 30, 2008 - The Federal Highway Administration released figures this week showing that in May 2008 Americans drove 9.6 billion miles less than in 2007 while the use of public transit and alternate forms of travel soared.

GM Takes Further Production Cuts
July 29, 2008 - In the latest round of production cuts, General Motors has now reduced its annual production by 300,000 units in the face of a consumer shift away from trucks and sports utility vehicles.

Gas Prices Decline for 11th Day
July 28, 2008 - An eleven day retreat in the average per gallon price of gasoline has returned levels to those last seen in May, with the current price standing at $3.958.

Honda Surpasses Expected Earnings but Cautious About the Future
July 28, 2008 - Honda released strong quarterly earnings numbers on Friday, July 25, surprising analysts, but also cuts its forecasts for sales and profits in the coming months.

Ford Posts 2Q Loss, Plans Line Revamp
July 25, 2008 - After posting second quarter losses totaling $1.38 billion, Ford has announced the introduction of six small European vehicles in North America and a sharp shift away from trucks and SUVs.

Ford to Use Mercury to Channel Smaller Cars
July 23, 2008 - Reports indicate that when the Ford Motor Company announces its quarterly earnings on July 24 it will also disclose plans to emphasize smaller, more efficient cars under its Mercury brand.

Gas Stations Increasingly Offer Cash Discounts
July 22, 2008 - Gas station owners, hard hit by credit card fees on top of high-priced fuel, are increasingly offering cash discounts to customers, adding a new wrinkle to America's changing driving habits.

GM Faces Tough Going Cutting Costs
July 21, 2008 - Analysts predict that General Motors will continue to lose money through 2009 as the company struggles to shift production and to eliminate management jobs to reduce costs by $10 billion.

Mercedes-Benz Introducing Fleet-wide Turbocharging
July 18, 2008 - In anticipation of more stringent emissions legislation in Europe and the United States, Mercedes-Benz will make all of its vehicles turbocharged by 2010.

Congress Organizing to Address Energy Costs
July 17, 2008 - Bipartisan groups organizing in both houses of Congress are set to take measures to curb the economic impact of gasoline prices by limiting oil speculation and increasing domestic production of oil and gas.

Gas, Diesel Rise to New Record Overnight
July 16, 2008 - Both gasoline and diesel climbed to a new record level overnight, standing at $4.114 and $4.839 respectively on Wednesday, July 16.

GM Announces Dramatic Cuts
July 15, 2008 - On Tuesday, July 15, General Motors announced a program of cuts to jobs, bonuses, and stock dividends in an effort to restructure in the face of high fuel costs and changing consumer preferences.

Toyota to Build Prius in U.S.
July 14, 2008 - In order to keep up with shifting market preferences, Toyota Motor Corp. has decided to assemble its highly popular Prius hybrid at a facility in Blue Springs, Mississippi.

No Bankruptcy for Chrysler Says Execs
July 11, 2008 - In a statement issued on Wednesday, July 8 Chrysler stoutly denied rumors of a potential bankruptcy and indicated it will concentrate on fuel efficient models and fight for increased sales.

Toyota Stands by Workers at Texas Truck Plant
July 11, 2008 - In an unexpected move, Toyota has announced it will suspend Tundra production at its San Antonio, Texas facility for three months while keeping workers on at 100% pay during the period.

Crude Starts Back Up After Two Day Retreat, Gas Holds Steady
July 10, 2008 - Iran's test firing of missiles triggered a $2 climb in the price of crude oil in early foreign trading on Wednesday, July 9, while the price of gasoline in the U.S. held steady at $4.108 a gallon.

GM Rumored to Be Pushing September Volt Debut
July 08, 2008 - Rumors are circulating that slumping sales, stock downturns, and flagging investor confidence will lead General Motors to get a production ready electric Chevrolet Volt in showrooms by September.

Mitsubishi Loses Modest Gains in Current Economy
July 07, 2008 - With a limited model line, a short supply of its fuel efficient Lancer, and a disastrous June sales slump of 42.4 percent, any hopes of a turnaround for Mitsubishi in the American market have been dashed.

Gas Prices Surge Before July 4 Holiday
July 03, 2008 - For the fourth day in a row gasoline prices set a new record at $4.098 leading millions of Americans to cancel or curtail their plans for the July 4 holiday weekend.

Chrylser Weathers Brutal June Sales Figures
July 02, 2008 - Citing low consumer confidence, Chrysler LLC reported the largest decline in sales among major automakers for the month of June, a 36% dip compared to a year ago with trucks and SUVs taking the greatest hit.

As Gas Prices Rise, Experts Debate the Cause
July 01, 2008 - As prices continue to rise at the pump, setting records daily, industry specialists argue the underlying cause citing both the laws of supply and demand and investment speculation.