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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.

Green three-wheelers may get Energy Department funding

Aptera Motors, Elio Motors and other companies developing fuel-efficient three-wheeled vehicles got a boost from Congress this week in their quest for federal funding. Legislation to make three-wheeled vehicles eligible for Energy Department loans passed a conference committee of House and Senate leaders Wednesday and then got approval from the full House on Thursday. It is part of an energy spending bill likely to go before the Senate by next week for final congressional passage, a Senate aide said.

New BMW 7 Series priced from £58,115

New BMW 7 Series costs from £58k The facelifted BMW 7 Series will arrive in the UK in September and cost from £58,118 for the 730d rising to £104,050 for the 760Li M Sport. We had the reveal of the new BMW 7 Series (well, a facelift) earlier this week, but what we didn’t have was an arrival date in the UK or any prices. But now we do.