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May sales slide 4 percent on rising fuel prices, tight vehicle supplies

U.S. light vehicle sales dropped 4 percent in May--the first decline since August--as rising gas prices, inventory shortages, higher stickers and economic jitters curbed demand. The pace of sales last month--11.78 million units on an annualized basis--was the year's lowest and marked the first seasonally adjusted total below 12 million units in seven months.

Volvo testing new safety features

Volvo outlined three new technologies that it says will help make the Volvos of the future a good deal safer: autonomous driving, “Intersection Support” and animal detection. Volvo says it's tailoring technologies to the way people drive, by which it means poorly. The company claims that “surveys from three different research institutes in the United States reveal that modern drivers spend 25 to 30 percent of their time behind the wheel doing other things, such as focusing on mobile communication.” Volvo's new technologies are said take this into account and “provide the driver with the right support at all times.” By using a camera and radar, future Volvos will be able to follow the car in front while driving in slow traffic using an autonomous-driving function.

Chevy and GMC pickup trucks pile up on dealer lots

General Motors entered December with bloated inventories reminiscent of its prebankruptcy days-and its lowest market share in 90 years. GM will try to fix both problems in a hurry. Dealers say the company has begun rolling out bigger discounts on many models, including the redesigned Chevrolet Malibu sedan and GM's full-sized pickups.