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GM to cut 14% of global salaried workforce this year
Tue, 10 Feb 2009General 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.
Anxious parents back tougher learner driver rules
Mon, 11 Nov 2013PARENTS of young people are anxious about their offspring driving - with nearly three quarters in favour of probationary licences being given to new drivers. In a survey conducted ahead of the Government Green Paper on improving young drivers' safety, 82% of those questioned said the thought of their child driving on British roads made them feel anxious. A total of 60% said that was because of their lack of experience.
Volkswagen Phaeton will return to U.S. market
Thu, 19 Aug 2010The Phaeton large sedan is coming back to Volkswagen's lineup in the United States, according to the head of the German plant that builds the car. VW pulled the $85,000 Phaeton from the U.S. market in 2006 after four years of falling short of sales expectations.