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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.

New Boxster and Caymen swell Porsche’s order book

The 2009 Porsche Cayman S - helping to boost Porsche sales [ad#ad-1] We’ve run stories on how well Porsche, and the whole VW/Audi group, is holding up through the current malaise in the car industry. Porsche’s last lot of profit figures were very impressive, but were mainly due to the huge amounts Porsche made on its trading in VW shares. We noted at that time that Porsche reckoned its sales were slow because people were waiting for the new versions of the Boxster and Cayman, and when that happened sales would increase.

Smart designs eBike

Smart has joined its fellow car manufacturers in designing a bicycle and is putting it into series production. The main components of the eBike such as the frame, battery housing, handlebars, lights and mudguards have been designed and developed specifically for Smart. The two-color concept is, so it's makers claim, recognizable as classic Smart, with the plastic battery housing forming a contrast to the aluminum frame.