STEVE INSKEEP, Host: NPR's business news starts with happy days for Hyundai.</s>STEVE INSKEEP, Host: This announcement came the same day that Toyota saw its credit rating downgraded by the ratings agency, Moody's.
South Korean carmaker Hyundai is still on a roll — selling even more cars and grabbing more global market share as rivals continue to struggle. Hyundai announced on Thursday that its quarterly earnings increased five times from the same period last year. Net income was $1.1 billion in the three month-period ending in March.