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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.

Aston Martin V12 Vantage S Roadster arrives with 565bhp – the quickest Aston Roadster ever

The new Aston Martin V12 Vantage S Roadster arrives The Aston Martin V12 Vantage S – revealed in 2013 – has lost its roof and turned in to the quickest open-top car Aston Martin has ever produced. The Aston Martin V12 Vantage S Roadster gets the same 5.9 litre V12 as the tin-top model, which means a 0-60mph of 3.9 seconds (0-62mph 4.1s) and a top speed of 201mph, both figures just below the coupe but enough to make this the fastest production Aston Roadster ever. The V12 engine also offers delicious lumps of torque, with 457lb/ft – and most of that available almost from tickover – all delivered to the back wheels through the Graziano 7-speed automated manual ‘box.

Nurburgring sold to German parts maker Capricorn Group for £83.5 million

The Nurburgring has been saved from bankruptcy The Nurburgring complex in Germany – home to many a car makers test centre and beloved of wannabe racers – has been saved from bankruptcy with an £83.5 million deal. German parts maker Capricorn Group have stumped up over £83.5 million to buy the Nurburgring complex which includes the famous 13 mile North Loop Track as well as the Grand Prix Circuit and have committed to spending and additional £21 million to further develop and improve the site. The Nurburgring track fell in to bankruptcy back in 2012, and it looked for a while as if the whole thing could be closed down, but bids from Capricorn Group and one other have saved the day, with Capricorn winning out with the bigger bid.