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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.

Subaru recalls 275,000 Foresters for seatbelt fix

Subaru will recall certain Forester models produced in model years 2009-11. About 275,000 of the small SUVs could be affected by a problem with the automatic locking retractor in the seatbelt assembly. In the recall announcement, Subaru says the assemblies do not meet federal motor-vehicle safety standards for occupant crash protection.

German courts rule Prym Mercedes 500 K Roadster belongs to heirs

A very rare 1935 Mercedes 500 K Roadster owned by Dutch collector Frans van Haren has been declared the property of the heirs of the car’s first owners. When Frans van Haren, a Dutch car collector, bought a rare 1935 Mercedes 500 K Roadster at RM Auctions Montery sale last year he knew there was no declared history prior to 1970. Even so, he paid almost $4 million for the car.