rorty:::tort: DAILY: Hyundai, Kia face $775M suit over mpg claims | Ford pushes factory use to 114% of capacity | Obama faces tough call on selling GM shares

DAILY NEWSLETTER

November 8, 2012

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Hyundai, Kia face $775 million suit over mileage claims

Hyundai and Kia have been hit with a second civil suit seeking class-action status after the companies admitted to making bogus fuel-economy claims. ... >> story Published: Nov 7 9:37 pm U.S. Eastern time

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Ford hires 5,200 while pushing factory use to 114% of capacity

Ford has added about 5,200 jobs this year in its domestic factories, and its North American plants are operating at 114 percent of capacity, the highest in more than three decades, a top manufacturing executive said today. ... >> story Published: Nov 8 10:56 am U.S. Eastern time / UPDATED: 11/8/12 2:05 pm ET -- adds new coverage

Obama finding what's good for GM not so good for taxpayers

The GM bailout played an important role in the re-election of President Barack Obama, who stumped on the issue in Midwestern swing states. Now comes the hard part: unloading the government's stake, probably at a big loss. ... >> story Published: Nov 8 12:20 pm U.S. Eastern time

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MORE HEADLINES

American Suzuki cleared to borrow up to $45 million to close U.S. dealerships

Penske Automotive, Group 1 rebounding from Sandy’s wrath

JCI and China's Wanxiang to square off in A123's bankruptcy auction

Magna Q3 profit jumps; founder Stronach quits board

Bosch sells stake in Denso for $1.4 billion

Honda's Ito on N.A. sales outlook
Honda expects North American sales to climb 32 percent to 1.7 million units in the current fiscal year, and hit 2 million in 2016. In this segment, Takanobu Ito talks about Honda's sales outlook for the region, its hybrid strategy, and its plan for Acura. ... View the video Published: Nov 8 12:01 am U.S. Eastern time

Douglas A. Bolduc is managing editor at Automotive News Europe.
Why Alan Mulally apologized to Bill Gates
Ford CEO Alan Mulally said that the first thing he did after agreeing to be a keynote speaker at the International Consumer Electronics Show was pick up the phone. He joked that he “called to apologize to Bill Gates” for taking a spot usually reserved for the Microsoft chairman. ...

Read the blog Published: Nov 8 12:01 am U.S. Eastern time

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