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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.

Renault unveils R-Link tablet

Renault is aiming to take its in-vehicle user interface modules to the next level with the new R-Link tablet system announced at LeWeb 2011 today, December 7.  R-Link features a seven-inch tactile screen, steering wheel-mounted controls and voice recognition systems. It is simultaneously connected to the vehicle's information and data center, the user's mobile phone and to the Cloud. The company claims that the bespoke UI features interactive and intuitive menus, which enable users to access all the car's functions and data easily.

Volkswagen mulls another SUV

Volkswagen is considering adding another crossover to its product portfolio as it takes aim at ambitious sales targets in the United States and overseas markets. “It's a part of our vision for the future,” Volkswagen Group of America CEO Jonathan Browning said. The vehicle would have SUV-style cues, and Browning said it's being discussed by company brass.