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GM to cut 14% of global salaried workforce this year

General Motors, facing a Feb. 17 deadline to show the government it's a viable company, said on Tuesday it will cut 14 percent of its salaried jobs globally by the end of the year and slash the salaries of many who remain. Salaried employment will drop to 63,000, from 73,000, the company said in a statement.

New British sports car brand on the horizon

A REAL automotive rarity has occurred with the announcement that a new low-volume British sports car brand will reveal an initial concept car in April. David Brown Automotive will be set up along the same lines as Morgan, with the aim of recapturing the past glory of British sports cars but using modern materials, reliable mechanicals and up-to-date luxuries. Such ventures have been tried before, with very mixed results, but owner and financial backer David Brown is confident that the first model, codenamed ‘Project Judi’, will succeed.

BMW M3 Lime Rock Park Edition set for fall

The current generation of the BMW M3 has been with us since 2007. As it nears a refresh, the company built a limited run of 200 special M3 coupe Lime Rock Park Edition cars to celebrate the racetrack in Connecticut. Skip Barber, owner of Lime Rock, and BMW collaborated on the vehicle, which will only come in what BMW calls fire orange.