Auto News for May 9 – Beetle’s Future Up In The Air

Volkswagen has promised big changes in its lineup, and now Motor Trend and Autocar say the Beetle may get the ax, or just the hardtop may be discontinued. Others say the car may disappear for a spell and come back as an electric.

The nationwide average price for regular unleaded gasoline is $2.35 per gallon, which is four cents less than one week and one month ago, and 14 cents more than the same date last year, said AAA. Last week, 46 states saw prices drop – some by at least 9 cents – with prices remaining steady in other parts of the country. The trending decline is due to an unseasonable glut of gasoline in the U.S. market, record high refinery production rates, moderate demand and a recent drop in crude oil prices.

GMC announced that its new Terrain will carry an MSRP of $25,970 when it goes on sale this summer. Initially it will be offered with a 2.0-liter turbo followed later with a 1.5 liter turbo and a 1.6 turbo diesel. The top of the line Terrain Denali AWD will start at $40,245.

Ford will conduct its annual meeting of shareholders on Thursday. For the first time, the meeting will be conducted through an audio broadcast accessible from a computer, tablet or smart phone device. While some argue this gives management more power over how the meeting is conducted, the audio only meeting is gaining in popularity. The NY Times said it was used by 154 companies last year.

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