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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.

Is Chrysler still American? Yes, it is

Last week, we mentioned that the Secret Service was soliciting bids for a new presidential limousine. Among the criteria for a replacement for "The Beast" was the following: "This solicitation is restricted to Major Domestic U.S Automobile Manufacturers, who have their primary headquarters located in the United States of America." Well, with that came the suggestion that Chrysler -- now entirely underneath the banner of Fiat Chrysler Automobiles -- reports to somewhere far, far away from its nominal H.Q. in Auburn Hills, Mich.

McLaren delivers first P1 supercar, announces performance figures

McLaren delivered its first P1 supercar on Monday, days after British TV show “Top Gear” was spotted testing the vehicle. The new UK-based owner picked up the Volcano yellow and carbon fiber P1 at the company's headquarters in Woking, England. McLaren also confirmed the insane specs we were all hoping for.