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Ghosn says Infiniti quality must improve to build sales
Mon, 20 May 2013The boss says quality is key to Infiniti's future. After years with Infiniti at the back of the premium pack, Carlos Ghosn, CEO of Infiniti's parent, Nissan Motor Co., has ordered his team to nail quality once and for all as part of a push to catapult Infiniti into the top three brands of the premium market. Buoyed by a favorable dollar-yen rate and an ambitious new top executive, Infiniti might have its best chance yet to crack those ranks.
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.
U.S. new car sales surge at fastest pace in nearly 7 years
Tue, 03 Dec 2013U.S. sales of cars and light trucks surged 9 percent in November 1.24 million units and rolled off dealership lots at the fastest pace in almost seven years. The industry's annualized sales rate, adjusted for seasonal factors, rose to 16.4 million last month, up from 15.3 million a year earlier and easily topping analysts' forecasts in the 15.8 million range.