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Moody's boosts Ford's credit rating
Wed, 23 May 2012Moody'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 confirms 5-series hybrid for March arrival in the United States
Fri, 30 Sep 2011When it comes to hybrids, BMW doesn't take the understated route, cranking up the power and loading eco technologies into some of its most decadent models. The 7-series, the X6--they will never be mistaken for a Toyota Prius. But now comes the mean and green version of the 5-series, called the ActiveHybrid 5, and the Bavarian luxury maker confirmed late Thursday that the car will arrive in U.S.
Citroen to launch range of Green, Eco cars
Sat, 14 Mar 2009Citroen C-Cactus Concept will form the basis of a new range of Citroen Eco-Cars The first of the new range will be based on the existing C4, but feature bodywork based on the C-Cactus Concept (but a wee bit prettier, we hope) and featuring a range of green and economical propulsion systems. Under consideration are an electric version (EV), a form of hybrid technology or simply lopping a cylinder off and aiming to bring the Co2 down to under 100g/km. So that will give Citroen three distinct ranges.