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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.

New hardcore Ferrari confirmed

By Phil McNamara Motor Industry 08 March 2007 09:01 A lighter, faster, more hardcore F430 is due this year, Ferrari boss Luca di Montezemolo hinted at the Geneva show. In 2005, Maranello unveiled the F430 Challenge, a racing version which competes in the Ferrari Challenge Trofeo series. Enthusiasts have been eagerly anticipating a roadgoing Challenge, and Di Montezemolo's off-the-cuff remarks at Ferrari's Geneva press conference suggests we won't be waiting much longer.

Audi S1 & S1 Sportback revealed with 228bhp (+video)

The Audi S1 has been revealed (S1 Sportback pictured) Audi has been threatening a quattro driven A 1 as a full production model ever since the limited edition A1 Quattro arrived two years ago with 252bhp and a very big price tag. An now we get it. The new Audi S1 has been revealed ahead of a debut at the Geneva Motor Show next month, and it gets quattro 4WD just like the A1 Quattro, even if it has to make do with less power – the S1 delivers 228bhp and 237lb/ft of torque from its 2.0 litre turbo – that’s less bhp but more torque than the A1 quattro managed.