DAILY: Hyundai, Kia sued in U.S. court for overstated fuel-economy labels | Toyota doubles N.A. earnings, lifts global forecast | GM secures $11 billion line of credit

DAILY NEWSLETTER November 5, 2012

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Hyundai, Kia sued in U.S. court for overstated fuel-economy labels Hyundai and Kia face a federal lawsuit seeking class-action status and unspecified damages for consumers who bought vehicles with overstated fuel-economy labels. ... >> story  Published: Nov 5 4:29 pm U.S. Eastern time Advertisement CUDL is your connection to 900 credit unions and 28 million members. Reach pre-approved credit union members through the CUDL system; access lenders with competitive options for credit-challenged buyers. Sell more cars with CUDL. Click to learn more. Toyota doubles N.A. earnings, lifts global forecast Toyota Motor Corp.'s sales surged 45 percent in North America in the latest quarter while operating profit in the region doubled to help the automaker raise its full-year profit outlook. ... >> story  Published: Nov 5 1:31 am U.S. Eastern time / UPDATED: 11/5/12 6:05 am ET - adds N.A. detail GM secures $11 billion line of credit General Motors said it clinched an $11 billion revolving credit facility, further strengthening the largest U.S. automaker's balance sheet. ... >> story  Published: Nov 5 9:06 am U.S. Eastern time

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 GM tech secrets offered to Chinese by engineer, U.S. says   Hyundai, Kia mileage claims to harm brand value, Interbrand says   October auto sales generated highest ever U.S. fuel economy, report says   Merrilee Crain, director of Automotive News parent company, dies at 69   How Toyota misfires with Chinese buyers   Toyota internal document shows China cuts lasting to July   Toyota mulls new look for next Prius   GM, Ford sales rise in China as consumers shun Japanese brands   GM lags in Europe restructuring as Ford closes plants   Detroit 3 profits underscore auto industry gains under Obama   Tesla stock rises on bullish outlook, but posts wider Q3 loss   Renault, Caterham JV will revive Alpine brand     KEITH CRAIN Promotions: A study in contrasts The promotions and personnel changes announced by Ford Motor Co. last week were all internal and probably not much of a surprise to anyone. It appears that the question of succession at Ford has been put to rest because everyone knows what's going to happen for the next couple of years Keith Crain is editor-in-chief of Automotive News. ... >> Read the column  Published: Nov 5 12:01 am U.S. Eastern time JESSE SNYDER Our slow recovery? Not so bad, really It's hard to miss the contrast between U.S. and European auto sales. They are polar opposites these days. And the trend lines for both auto industries are accelerating -- away from each other Jesse Snyder is senior writer at Automotive News. ... >> Read the column  Published: Nov 5 12:01 am U.S. Eastern time EDWARD LAPHAM Like Reuss, GM took its time on tech moves Mark Reuss made a telling admission last week. "I was a BlackBerry person, probably for too long," said Reuss, General Motors' North American president, relating how he had waited and waited before switching to an iPhone Edward Lapham is executive editor of Automotive News. ... >> Read the column  Published: Nov 5 12:01 am U.S. Eastern time Jamie LaReau covers auto dealers for Automotive News. Does what you drive to the polls indicate how you’ll vote? Can Democrats and Republicans find some common ground behind the wheel? A survey by totalcarscore.com, a Web site that does car reviews, product comparisons and automotive research, suggests a relationship between the type of vehicles people drive and how they’ll vote on Tuesday. ...  Read the blog  Published: Nov 5 1:57 pm U.S. Eastern time

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