Autoblog Minute

Autoblog Minute: Toyota kills Scion, Obama's gas tax

Weekly Recap For 2.5.16

Senior Editor Greg Migliore recaps the week in automotive news on this edition of Autoblog Minute.
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[00:00:00] Scion is dead. Toyota has decided to retire the youth-oriented nameplate. The brand, which was aimed at younger buyers, was draining resources from the parent company. Toyota will now rebadge many of the Scion vehicles, including our favorite the FRS. And it will also channel more resources into attracting younger customers to the Toyota brand itself.

Could we see gas prices go up at the pump soon? The White House has proposed a $10 per barrel oil tax that would

[00:00:30] help fund the nation's investment in green transportation. The White House also wants this tax to help pay for repairs on the United States' aging roadways. President Obama's 2017 budget proposal will face challenges when it heads to the Republican-controlled congress for voting.

Those are the highlights from the week that was. Be sure to come back this Saturday for my full recap where I'll have some extra analysis into the industry. For Autoblog, I'm Greg Migliore.

Autoblog Minute Logo Autoblog Minute is a short-form video news series reporting on all things automotive. Each segment offers a quick and clear picture of what's happening in the automotive industry from the perspective of Autoblog's expert editorial staff, auto executives, and industry professionals.

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