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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.
Koenigsegg Hundra: One-off Koenigsegg Agera S – first details & pictures
Fri, 01 Mar 2013The 100th Koenigsegg – the Koenigsegg Hundra, based on the Agera S – is heading for a debut at the 2013 Geneva Motor Show. The Koenigsegg Hundra (hundra means 100th in Swedish) is a right hand drive Agera S in clear carbon with 24 carat gold leaf inlays – Artisan applied, of course – creating what Koenigsegg are calling “…an intriguing mix of traditional and hi-tech craftsmanship”. We’re assuming that the Koenigsegg Hundra is heading for Hong Kong because Koenigsegg has based it on the Agera S – which can produce the 1030 horses of the Agera R but without needing to use biofuel – and it’s right hand drive.
Spada, The long story of a long tail is Waft's latest book
Tue, 15 Jul 2014Spada, The long story of a short tail is the new book from Waft publishing. As the title suggests, this latest project from the creators of Masters of Modern Car Design charts the remarkably prolific career of Italian car designer Ercole Spada. From the legendary Zagato-era Aston Martin DB4 and Alfa Romeo TZ1 that established his trademark cropped tail, to the 2008 Codatronca supercar that bore his name, via the 1980s BMW 5 and 7 Series, this 304-page hardback covers them all in fine detail.