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$4 gasoline fuels surge in March sales

It feels counterintuitive. Expensive gasoline not only helped propel new-vehicle sales in the first quarter. It was a key factor in the surge.

Mitsubishi PX-MiEV II: 2nd Gen PX-MiEV Plug-in Hybrid Crossover at Tokyo

Mitsubishi PX-MiEV II at Tokyo Motor Show As you’ve no doubt realised over the last year or two, Mitsubishi is trying to change from the maker of very able SUVs and quick saloons in to a fluffy bunny car maker by embracing hybrid and electric technology. Which is why we’re getting a second version of the Mitsubishi PX-MiEV at Tokyo. The original PX-MiEV from Mitsubishi arrived two years ago at the Tokyo Motor Show.

Crunch watch Dec 08: the auto industry in crisis

By Tim Pollard and Simon Stiel Motor Industry 31 December 2008 14:05 Wednesday 31 December 2008• GMAC, GM's finance arm, said it would immediately revise its criteria for providing loans, after the US government bail-out of the General's credit arm. It will now supply credit for anyone with a score of 621 or more on the Fico scale, the scale used to assess Amercian customers' creditworthiness (Financial Times)• The news means that 80% of US consumers would now qualify for a loan from GMAC – which should improve sales in the depressed US market (Detroit News)• Chrysler is being lambasted for taking out full-page adverts in the American national press thanking the nation for supporting its auto industry. But critics point out this is a fresh waste of bail-out resources, as pages in the Wall Street Journal – one of the titles in which the ad ran – reportedly cost up to $264,000.