Business - automotive latest news

SUGAR LAND, TX (MARKET WIRE) Researched by Industrial Info Resources (Sugar Land, Texas) -- Major automakers -- foreign and domestic alike -- experienced major sales declines in June after struggling to keep up with consumers' rapidly changing purchasing habits from SUVs and pickups to more fuel-efficient vehicles. Chrysler posted the biggest loss, followed by Ford (NYSE: F) (Dearborn, Michigan), Toyota (NYSE: TM) (Torrance, California) and General Motors (NYSE: GM) (Detroit, Michigan). However, Honda (NYSE: HMC) (Torrance) posted a modest 1.1% rise in sales primarily because of the fact that its North American

LOS ANGELES, CA (MARKET WIRE) Drivers are getting some slight relief as they fill their tanks for the holiday weekend, as gas prices dropped for the second week in a row, according to the Automobile Club of Southern California's Weekend Gas Watch.

DECATUR, IN (MARKET WIRE) Revenge Designs, Inc. (PINKSHEETS: RVGD), a specialty car designer and production assembler, provides a corporate update to its shareholders.

Tesla Motors will build the follow up vehicle to the Tesla Roadster in California. The plan to manufacture the 4-door, 5-passenger sedan was announced earlier this week by Ze'ev Drori, CEO of Tesla Motors, and California Governor Schwarzenegger.. Tags: Automotive, Battery Electric Vehicles, Emissions Control, TeslaRelated Articles: Fully electric, 130+mph Tesla Roadster goes into production The superb Tesla Roadster EV Britain's Lightning GT electric supercar Chrysler's battery-electric Dodge Zeo muscle car Clear Skies Solar to build 8MW Photovoltaic Farm Fisker Coachbuild Tramonto - 610 horsepower two seater convertible

SARASOTA, FLORIDA (MARKET WIRE) CarBiz Inc. (OTCBB: CBZFF), the nation's fourth largest Buy Here Pay Here car dealership chain and the second largest Buy Here Pay Here public company, has announced it has sold its software division to Constellation Homebuilder Systems, a division of Constellation Software Inc. (CSU) for $2.5 Million. The sales price is more than double what the software division had contributed to the company in gross profit last year.