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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.

Toyota Prius Plug-in Hybrid Economy & Emissions

The Toyota Prius Plug-in Hybrid will cost from 'Under £30k' Toyota has revealed that the Prius Plug-in will average 134.5mpg, emit 49g/km and cost under £35k in the UK. If you’re going to pay through the nose for a hybrid or electric car, probably the only route you should choose is a plug-in hybrid or a range-extender. And if you want to go the plug-in hybrid route you will now be able to get the Toyota Prius Plug-in Hybrid in the UK, and relieve the British taxpayer of £5k in the process.

It’s the Skoda Citigo, Skoda’s take on the VW Up!

Skoda Citigo If the latest addition to the Skoda range – the Skoda Citigo – looks familiar, that’s because it’s the Czech maker’s take on Volkswagen’s own city car, the VW Up! It gets a daft name too, but at least it doesn’t get the exclamation at the end. Sensibly, with a big chunk of the world falling in love with little cars designed for use in our congested cities (and about time too), Skoda has chosen to jump on the bandwagon quickly with its Citigo, with the baby Skoda arriving on its home turf – the Czech Republic – this year and the rest of Europe by Summer 2012.