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Moody's boosts Ford's credit rating

Moody's Investors Service upgraded Ford Motor Co.'s debt to investment grade, culminating the automaker's six-year struggle to win back the Blue Oval and other assets mortgaged in 2006. Moody's is the second agency to upgrade Ford's debt from junk status, paving the way for the company to recover assets it mortgaged in 2006 to stave off bankruptcy. The company raised $23.5 billion in a move that allowed it to avoid government bailouts or bankruptcy when the industry collapsed in 2008.

BMW X4 confirmed – one more time

It was always going to be on the cards after the unexpected success of the X6, but the birth of the BMW X4 – a coupé version of the new X3 – has been the subject of endless rumours, almost since the X6 started to sell in unexpected numbers. We reported as far back as April 2010 that BMW were close to deciding an X4 was a no brainer; after all, with a lot of the world ‘downsizing’ their transport, a smaller X6 should be a seller. By this time last year we heard that BMW had already made the decision and we had it on good authority that the X4 was confirmed and signed-off and would be heading to showrooms by 2013.

Mini Coupe (2011) specifications announced

Mini has announced the basic specifications for the upcoming Mini Coupe, due to launch later in summer 2011. Mini Coupe: the spec levels The car will be available in four specification levels, starting with Mini Cooper Coupe's naturally-aspirated 1.6-litre engine. From there it's on to the 1.6 turbocharged petrol Mini Cooper S Coupe, 2.0 turbodiesel Cooper SD Coupe, and the range-topping 208bhp Mini John Cooper Works Coupe.