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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.

Audi A3 gets more powerful 2.0 litre TDI & LED lights

The Audi A3 (pictured) gets a new 181bhp TDI and LED headlights It still seems astonishing that car makers can match really quite powerful performance with almost parsimonious fuel consumption, but modern turbo diesels and high pressure fuel injection are delivering seemingly silly combinations of performance and economy. Like the 2.0 litre diesel Audi are now offering in the new A3. The new 2.0 litre diesel, which is now available on the new A3 and Sportback (with the A3 saloon to follow) – gets a very decent 181bhp and 280lb/ft of torque, which is enough to hit 62mph in just 7.3 seconds.

New Audi Q7 (2013) to shed weight. But no Audi Q9 planned.

The 2013 Audi Q7 will be much lighter than the current Q7 The Audi Q7 was rather late to the SUV party of the noughties, not hitting the road until 2005. That meant the Q7 had a bit of an edge when it launched, as it was newer than its competition, but it also means the Q7 is still soldiering on when its competition has already launched newer, shinier models. But Audi are working on fixing that, and fixing the biggest criticism of the Q7 in the process – its sheer weight and size.