DAILY: GM's climb back to global No. 1 reflects tectonic industry shift; GM's Q3 profit falls to $1.7 billion; Toyota recalls 550,000 vehicles; Toyota, Ford to resume some Thai production

DAILY NEWSLETTER November 9, 2011

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GM's climb back to global No. 1 reflects tectonic industry shift DETROIT -- It's not just Toyota Motor Corp.'s recalls last year or Japan's earthquake driving General Motors Co. back to being the world's largest automaker. Nor is it completely to GM's credit. What's really happening is a historic shift in the car ... >> story  Published: Nov 9 10:34 am U.S. Eastern time / Last changed: 11/9/11 4:21 p.m. ET GM's Q3 profit falls to $1.7 billion on Europe loss Akerson: ‘Solid isn't good enough' Editor's note: An earlier version of this story overstated GM's streak of profits in Europe. The company had a second-quarter profit there after a first-quarter loss. DETROIT -- General Motors today reported a $1.7 billion third- ... >> story  Published: Nov 9 7:30 am U.S. Eastern time / Last changed: 11/9/11 4:18 p.m. ET Toyota recalls 550,000 vehicles on potential steering flaw TOYKO (Bloomberg) -- Toyota Motor Corp. recalled 550,000 vehicles worldwide after the company detected a potential flaw that may suddenly affect steering. About 80 percent of the vehicles are in the United States, Amiko Tomita, a spokeswoman for the ... >> story  Published: Nov 9 4:34 am U.S. Eastern time / Last changed: 11/9/11 8:18 am ET [REG] Follow Automotive News

Subscribe to Automotive News today! You are receiving the free registrant version of our newsletter. If you would like a more comprehensive version, purchase a subscription to Automotive News. If you are already a subscriber, please contact subs@crain.com to get the full version of our newsletter.  MORE HEADLINES Toyota, Ford to resume some Thai production   Saab to remain under court protection; China's Youngman still interested   Mitsubishi readies global small car, plug-in hybrid crossover   Honda eyes more U.S.-made exports to S. Korea   Redesigned CR-V crossover to launch on schedule, Honda tells dealers   Chrysler completes sale of factory-owned L.A. store   GM cleared to create retiree health care trust in Canada   Daimler loses bid for U.S. review of Argentine rights case ruling   In-vehicle technology developers strive for performance, safety   Ally mulls bankruptcy for ResCap mortgage business, report says     Jim Henry is a special correspondent for Automotive News Hey, what happened to ‘just right’? There’s a big disconnect between some auto lenders, who say money is becoming too loose again, and some dealership managers in the trenches, who say money is still too tight -- especially for the growing number of customers with new dings and dents in their credit histories. ...  Read the blog  Published: Nov 9 12:01 am U.S. Eastern time Nissan promises quiet and safety with large passenger van RICK KRANZ: Early this year Nissan introduced a full-sized commercial panel van that's offered in two flavors -- standard and tall; as in, you can walk around the interior. So it was just a matter of time until Nissan targeted the hotel shuttle and church bus crowd with a windowed passenger model using that platform. ...  Read the blog  Published: Nov 9 3:37 pm U.S. Eastern time Luca Ciferri is chief correspondent at Automotive News Europe. Ford and PSA numbers give a glimpse of Europe's problems You see how painful it is to be a mainstream automaker in Europe at the moment when you dig into Ford and PSA's latest financial results. Ford sold more cars in the quarter but lost money. PSA's first-half profit is likely to be eaten by losses is the second half. ...  Read the blog  Published: Nov 9 12:01 am U.S. Eastern time

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