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Eight hot rods compete for Ridler Award in Detroit

The 59th Annual Autorama has taken over Cobo Center in downtown Detroit with hundreds of hot rods, customs classics cars and motorcycles in what has been billed as America's greatest hot rod show. Judges have selected eight vehicles--dubbed the Great 8--as finalists for the coveted Ridler Award that will be presented Sunday evening at the show's conclusion. The Great 8 are: -- Jim Marciniak from Andover, Minn., with a 1963 Buick.

Grand Day Out Promised To Celebrate Mitsubishi UK’S 40th Year

MITSUBISHI in the UK has set out its plans to celebrate a landmark anniversary, as it’s 40 years since the company started importing cars. To mark the occasion the firm is organising a tour for 60 vehicles manufactured before 2001, taking place on Saturday 31st May. The tour will start and finishes at Rendcomb Airfield in Gloucestershire.

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.