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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.

LaFerrari commanding £1 MILLION premium – and the McLaren P1 and Porsche 918 Spyder attracting premiums too

LaFerrari commanding £1 MILLION premium Being at the top of the new owners list for a very desirable, and scarce, car can yield big benefits, and none more so recently than for Ferrari’s hypercar – the LaFerrari. Oracle Finance has been busy looking at the premiums being charged for desirable cars (and, presumably, willing to finance to premium too) and have discovered that those not on Ferrari’s VIP list – and therefore not invited to buy a LaFerrari from Maranello – are willing to pay a premium of £1 million to get their hands on Ferrari’s replacement for the Enzo. But it’s not just LaFerrari that’s commanding hefty premiums.

2014 Corvette Stingray rated at 455 hp

The 2014 Chevrolet Corvette Stingray's 6.2-liter LT1 V8 engine has been rated at 455 hp at 6,000 rpm and 460 lb-ft of torque at 4,000 rpm -- the highest standard-power rating ever for the Corvette. An available performance-exhaust system boosts the rating up to 460 hp and 465 lb-ft of torque. Chevrolet says the new LT1 with standard exhaust has 25 more horsepower than the current Corvette's base LS3 6.2-liter engine, which is rated at 430 hp, and 41 lb-ft more torque compared with the 2013 model's 424 lb-ft.