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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.

Jaguar XKR unveiled at Detroit auto show 2009

By Tim Pollard Motor Shows 12 January 2009 22:46 Jaguar has had a busy Detroit, unveiling not just the new XFR super-saloon and its one-off, tricked-up 225mph salt-flats saloon special, but also the revised XK range.Echoing the changes to the XF range (and in the coming months, most of the Jaguar Land Rover range), the 4.2-litre petrol V8 has been upgraded to the new 5.0 V8. Jag calls it the third-gen AJV8, reflecting its growth through the years from its 4.0-litre origins. The latest engine benefits from direct injection for more precise control over the combustion process.The end result?

One lap of the Web: Lamborghini Veneno hits 'Need for Speed' and an Audi 200 Quattro with launch control

The latest trailer for “Need For Speed: Rivals” features the one-of-four Lamborghini Veneno along with some Dodge Charger Police vehicles, Aston Martins and some other high-performance street racers. Check out the trailer here; the game comes out in November. Over at Petrolicious the boys and girls are talking about the STP turbine Indy cars and other cutting-edge--for the time--technology.