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VW CrossBlue concept (2013) first official pictures

This is Volkswagen's next SUV, just revealed at the 2013 Detroit motor show. Called the CrossBlue, it's a 'mid-sized' six-seat SUV aimed specifically at the American market. Yet judging by these images, and to these European eyes, there doesn’t seem to be much ‘mid-sized’ about it – it's a mammoth five metres long, coming in at 200mm longer than a VW Touareg.

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.

ZAP electric car

California-based ZAP has completed the initial concept phase for a new electric vehicle claimed to hit a top speed in excess of 100 mph with a range of 100 miles per charge.  "With ZAP's experience over the past 12 years and the groundwork we have already laid, we know that electricity is the future of the auto industry," said ZAP CEO Steve Schneider.  "At the same time, we believe we have a design that will serve a niche no other manufacturer in the auto industry is seeking to fill." More details of the car will become available at the end of the month.