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VW eyes stake in Suzuki, report says

Volkswagen looks to stake an ownership stake in Suzuki Motor Co. by the end of this year, according to a report in Automobilwoche, a sister publication of AutoWeek. "We expect that there will be a basic agreement this year," the German-language publication quoted an unnamed Suzuki executive as saying.

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.

Volkswagen XL1

This, remarkably, is the production version of the Volkswagen XL1, the most fuel-efficient production car in the world, a car we'll see in Geneva in a little over a week. Barely changed from the concept version shown at the Qatar motor show two years ago, the production XL1 is the first production result of VW's 1-liter project – to design a car that uses less than 1l/100km (282.5mpg imperial) – that started with the lozenge-shaped, tandem-seat 2003 1L and the later L1 of 2009. The XL1 actually beats that by sipping just 0.9 liters with CO2 emissions of 21g/km.