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Japan-market Toyota Corolla gets upscale and safety features

Toyota Motor Corp. is packing the redesigned 11th-generation Corolla with new technologies in a bid to give the compact a more upscale feel. Standard or optional on the Japanese version of the Corolla are such features as climate-controlled seats, automatic high-beam headlamp dimmers, safety belts with pre-tensioners and interior lights that turn off automatically.

Car clocking fraud on rise again

There could be as many as 486,000 vehicles with a false mileage on the road in the UK, according to vehicle history experts, HPI. The act of “clocking” a vehicle has been around for a number of years and is something that was made easier with the arrival of digital odometers. In the past, the mis-aligned digits and exposed screw heads meant that a clocked car was relatively easy to spot.

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.