Motoryzacja

Prices of new and used Toyota models covered by one of three recalls have fallen in recent weeks as the company has offered more generous rebates and discounted financing.

Maybe this automotive recession is at least helping consumers. The average price of a new vehicle sold in May and June of this year dropped back to prices not seen since 2004.

TOKYO — Toyota Motor Corp., the world's second-biggest automaker by annual vehicle sales, is raising its prices on some U.S. models later this month amid increased worries about its profit growth in the American market.

Michigan gasoline prices were unchanged overnight at an average of $3.18 a gallon, despite oil prices rising above $98 a barrel.

Rental car firm Avis Budget Group said today it would pull 20,000 Toyota models covered by a recall from its fleet in the United States and Canada until a fix is available.