U.S. Markets open in 2 hrs 44 mins

GM gets new credit line

The U.S. automaker secured an $11 bil revolving credit facility, more than doubling a $5 bil line it received more than 2 years ago, before its IPO. General Motors (GM) said it would use the credit as backup liquidity. GM said auto sales in China rose 14% during Oct. Buick sales rose 7.7%, Chevrolet sales rose 8.3% and Cadillac sales soared 19.5%. Shares fell 0.9% to 25.57.