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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.

BMW i8 revealed: The BMW Vision ED lives

BMW i8 Revealed Today BMW reveals the i8 Concept, the production concept of the Vision EfficientDynamics supercar we saw back in 2009 and, for BMW, their way forward in a more eco-conscious world. But being aware of the climate doesn’t mean the joy has to be taken from the drive, and the BMW i8 aims to offer a car which can claim a green halo be also be a stimulating and appealing car for the petrolhead. The i8 is remarkably similar to the original Vision ED Concept, although it has dumped the 1.5 litre diesel the Concept has for a new 1.5 litre petrol engine with direct injection which develops 220bhp and 221lb/ft of torque.

2013 Formula Sun Grand Prix will race at Circuit of the Americas

With sunnier months just around the corner, Circuit of the Americas has revealed that it will provide the venue for the June 24-29 Formula Sun Grand Prix. The Formula Sun grand prix is a qualifying race for teams interested in racing their solar-powered cars in the American Solar Challenge. The Challenge allows competitors from around the world to operate a solar-powered-car race team.