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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.

One lap of the Web: PT Cruiser Limo, Blackhawk Farms Raceway, and Swedish baby born in wrecked car

We love to cover the fastest race cars, strongest trucks and particularly the coolest vehicles in the world of automobiles. But we also cover the ridiculous -- like the PT Cruiser limo. Nothing says “I've made it” like a '50s-inspired crossover, and there is nothing like a night on the town in a PT Cruiser limo.

Mitsubishi Outlander PHEV Concept S revealed – it’s a ‘Sporty & Sophisticated’ Outlander PHEV

Mitsubishi Outlander PHEV Concept S revealed. The Mitsubishi Outlander PHEV – the plug-in hybrid version of Mitsubishi’s Outlander – is a terrific buy, if not quite a terrific car, with its plug-in hybrid drivetrain making it a very tax-efficient company car and its price – the same as the diesel alternative – a refreshing surprise. But Mitsubishi are intent on cashing-in on the Outlander PHEV’s success, and earlier this month we got a tease for an Outlander PHEV S which has now been revealed ahead of a debut at the Paris Motor Show next month.