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Mercedes brings virtual reality to life

MERCEDES-BENZ has created a real-life version of the racing car it designed for the Playstation 3 racing game Gran Turismo 6. Called the Mercedes-benz AMG Vision Gran Turismo, the full-size concept car previews the one that will appear in the computer game. The real-life racer takes its inspiration from Mercedes’ 1950’s racing cars, except the Vision Grand Turismo has LED lights where the classic racers had louvres.

Aston Martin and Zagato to collaborate again

Aston Martin and Zagato have announced that they are to reunite in this, the 50th anniversary of the DB4GT Zagato. "The DNA of both Aston Martin and Zagato has combined successfully to make some of the world's most desirable collector cars in the past and in this special anniversary year of the DB4GT Zagato it is appropriate to explore a modern collaboration," Aston Martin's Chief Executive, Dr. Ulrich Bez, said, announcing the new vehicle.

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.