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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 M3 GTS (2010) unveiled: a new M3 CSL first official pictures

BMW might not be producing an M3 CSL, but this is something much better. Called the M3 GTS it’s a stripped-out 450bhp road-racer designed to take on the Porsche 911 GT3 RS. It’s a response to those that thought M Division might have lost its way: 'The BMW M3 GTS which we are currently preparing in our BMW M production workshop is a response to frequently expressed customer wishes', said M Division’s CEO Dr Kay Segler at the unveiling.

Ford B-MAX off to a strong start in UK

The new Ford B-Max compact people carrier is off to a strong sales start in the UK, with 1,000 already delivered to customers. And that eye-catching advert (we’ve posted it below – Ford in Europe need all the help they can get to garner sales!) will no doubt raise awareness of the long-awaited replacement for the old Fiesta-based Fusion MPV and help make the B-Max a success for Ford in a segment they once dominated, but which they’d left to wither on the vine. But eye-catching  advert for the new B-Max or not, the B-Max is already selling well with over 1,000 cars delivered to customers in the last few weeks and orders for 2500 cars received by Ford in the UK before the B-Max even appeared in showrooms.