Morning News

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Industry

· GM's credit rating could sink: Cash-strapped carmaker's borrowing costs could jump by millions, hitting stock [The Detroit News]

· Oil Prices Fall on Decline in Demand [Forbes]

· Steel costs may add 2.5pc to car prices [The Telegraph (UK)]

· New Mercedes chief seeks $650 million in cost cuts, improved quality [AutoWeek]

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Notable

· Court Says, No Probable Cause Needed for Use of Drug-sniffing Dogs to Check Out Motorists [Chicago Sun Times]

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· Ruling opens door for challenge to Miss. 'Choose Life' car tags [Clarion-Ledger (MS)]

· Used-car Web sales revving up [Dallas Business Journal]


Oddball

· Dad 'Loses It,' Rams Car Into Daughter, Friend [Local 6 News (FLA)]

· Drink-driver says she was fleeing amorous clutches of an old flame [The Scotsman]

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