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Porsche 911 GT3 Fires: Porsche says don’t drive your 911 GT3

Porsche advises owners not to drive their 911 GT3 until the cause of recent fires is discovered. It’s almost commonplace for Ferraris and Lamborghinis to catch fire from time to time. But not Porsche.

Mercedes-Benz SLS prepped to go GT3 racing

Mercedes-Benz AMG pulled the wraps off its new race car on Monday in Oaxaca, Mexico, scene of a commemoration of Mercedes' victory in the 1952 Carrera Panamericana. The new SLS GT3 is a modified Mercedes-Benz SLS intended to meet FIA homologation requirements for the GT3 class in series throughout the world. While it's not known what the production car will look like when it starts going to customers either this fall--according to the press release--or "before the start of the 2011 racing season," according to AMG's Thomas Rappel, the prototype shown in Oaxaca had a full roll cage, a new front skirt with splitter, rear diffusers and an enormous rear wing.

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.