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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.

Interior Motives China Conference 2010: Day 2

Session 5: Color and Trim On the second day of the conference, Andreas Wlasak, Vice President of Industrial Design at Faurecia, opened proceedings by announcing that the company plans to open a design studio in Shanghai this year. "A design centre in Shanghai – a new place in China for 2010 – this is a commitment," he declared. Wlasak then asked what OEMs should look for in terms of visualizing the concept of ‘green' design inside the vehicle interior: "OEMs might look for 'visual' green – how can you make it visible that the vehicle is efficient and reducing CO2?" He believed real wood is one likely way of achieving this, as people want to feel natural surfaces, and he also envisaged translucent surfaces playing a key role in years to come.

Lotus Evora does special duty for Italian Carabinieri

In a tip of the hat to Britain, the Italian Arma dei Carabinieri, a division of the army charged with civilian police duties, accepted two new Lotus Evora S models for special duty. The headquarters of the Carabinieri in Rome hosted a ceremony culminating in the Evora twins being turned over by Group Lotus CEO Dany Bahar. “Everyone knows that Italy has more than its fair share of high-profile sports-car manufacturers, so it’s a real honor for a relatively small British brand to be in this position,” Bahar said.