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2011 Ford Explorer set to debut new curve-control technology
Tue, 29 Jun 2010During our first test drive, Dave Messih speeds around a curve at 50 mph. His foot never touches the brake, and the 2011 Ford Explorer prototype we're in knocks down a barrier of safety cones. OK, that's fun.
Fernandes confirms Team Lotus-Caterham deal
Wed, 27 Apr 2011Tony Fernandes has officially confirmed that Team Lotus Enterprises has taken over tiny British sports-car maker Caterham Cars. Named after the London suburb where it was founded, Caterham bought the rights to the Lotus Seven design in 1973 and has been exploiting it ever since with increasingly sophisticated models that stay true to the original concept. The company is now based in Dartford, close to the Brands Hatch race circuit.
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.