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Lotus CEO Mike Kimberley to step down on Friday, citing health issues

Lotus CEO Mike Kimberley is stepping down on Friday, as back problems are forcing him to prematurely call it a career. Kimberley will turn 71 in August. He's in his second stint at Lotus and has been CEO since 2006.

Eagle builds a new E-type speedster

By Alex Michaelides First Official Pictures 27 July 2009 17:07 Jaguar E-type specialist Eagle has unveiled the Eagle E-type speedster at the Salon Privé prestige motor show in London. The speedster, commissioned by enthusiast Dr Rick Velaj, uses a standard 1966 E-type as its base. Eagle then rebuilt it to a new sky-high specification, clad it in a one-off aluminium bodyshell, fitted it with its Supersport options (stiffer suspension, uprated brakes and modern tyres) and strapped in its own highly developed 4.7-litre straight six.

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.