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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.
Opel/Vauxhall teases Cascada mid-size convertible
Wed, 05 Sep 2012Opel/Vauxhall has given us a sneak peek of its new mid-size convertible, the Cascanda, which effectively replaces the Astra Twin Top. The Cascanda features a full-size fabric roof that can be opened or closed with one button up to speeds of 30mph and is the latest model to shun a folding hardtop in favor of the lighter and more practical soft option. The company claims this is its first D-segment cabrio for more than 70 years but, unlike them, we haven't forgotten the Cavialier Convertible of the 1980s (see pic).
Design Vettel's helmet, win fabulous prizes
Wed, 04 Sep 2013Some helmet schemes are iconic. Jackie Stewart famously emblazoned his Bell helmet with his house tartan. Over on the motorcycle side of things, Valentino Rossi's screaming helmet has become a kitsch icon.