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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.

Super-rare Rolls-Royce Silver Shadow II Shooting Break up for auction

The growing trend for shooting break estates is nothing new. Sleek estate versions of high-end, luxury limousines have been produced at the behest of their ultra-wealthy owners for years – just like this bespoke Rolls-Royce Silver Shadow II Shooting Break. And this example could be yours for a snip – it’s going up for auction with Bonhams at the Beaulieu Sale on 7 September 2013 with an estimated price of £12,000 to £16,000.

Chinese car maker Geely to launch in UK in 2012

Chinese car maker Geely – better known for its ownership of Volvo – will launch in the UK in late 2012. Parent company Geely International Corporation has struck a deal with Manganese Bronze Holdings to be its distributor in the UK market. MBH is the parent company of The London Taxi Company, which manufactures the iconic black cab in Coventry.