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JUNKER KEEPER: Federal database tracks totaled vehicles, clunkers

First, it was the hurricane-damaged used cars flooding the market. Now, it’s the clunkers turned in--and supposedly junked--as part of the federal Cars Allowance Rebate System “cash for clunkers” program. Following Hurricane Katrina, cars declared as total losses in one state were able to get clean titles in other states and were resold to unsuspecting consumers.

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.

50 Years of the BMW 'Neue Klasse'

In a year that sees the celebration of the ever-seductive Jaguar E-Type and the characterful Renault 4, it would be easy to overlook other cars also reaching their half-century, especially a mundane three-box saloon. However, the BMW 1500 isn't any less significant. When launched at the 1961 Frankfurt International Motor Show, intrigued and inquisitive visitors were forced to wait 30 minutes just to catch a glimpse of the car.