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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.

Alfa Romeo will reportedly become standalone company

Fiat Chrysler Automobiles CEO Sergio Marchionne plans to turn Alfa Romeo into a standalone company, Automotive News Europe reports. Marchionne is expected to announce wide-ranging plans for the brand on May 6 which will see Alfa Romeo become a stand-alone legal entity within Fiat-Chrysler, with a publicly disclosed profit and loss statement. Alfa Romeo is currently part of Fiat Group Automobiles S.p.A., which also contains Lancia, Fiat Professional trucks and vans and the Abarth performance brand.

Aston Martin CEO Dr Ulrich Bez on the Mercedes tie-up, the rise of turbo cars and the end of the Lagonda SUV project

MSN Cars is in Palm Springs, California, to drive the new Aston Martin Vanquish Volante and V12 Vantage S. Aston Martin, voted the second coolest brand in the world behind Apple, is celebrating its 100th year. Over an informal dinner, MSN Cars was given an exclusive chance to talk shop with Aston Martin CEO Dr Ulrich Bez to see what the future holds for the Gaydon-based company.