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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.

Bush leaves CAFE decision for Obama

The Bush administration has decided to punt its promised decision on new fuel economy standards to the Obama administration. In a statement this morning, the U.S. Department of Transportation said it will not issue final rules for fuel economy standards for the 2011-15 model years as planned.

Value-Added New Focus Keeps Asking Price In Check

WITH the launch of Ford’s new Focus just around the corner, the Blue Oval firm has announced that prices will start from £13,995 - the same as today’s Focus, with top Titanium and Titanium X versions costing £100 less than the outgoing equivalents. The new Focus range retains a six-series line-up of Studio (from £13,995), Style (£16,795), Zetec (£18,295), Zetec S (£20,045), Titanium (£19,795) and Titanium X (£21,795). According to Ford, the new Focus builds on its reputation for technology, which since 2011 has featured automated parallel parking, Active City Stop low-speed collision avoidance, Traffic Sign Recognition to monitor and record road signs and Blind Spot Information System, as optional equipment.