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VW Golf R Launched

The Volkswagen Golf R has launched at Frankfurt Update 31/10/09: VW Golf R UK Detail now released. We reported yesterday on much of the detail on the new Golf R, but the Golf is such a big deal for so many that we thought we ought to re-iterate, throw in a few pictures of the Golf R on the floor at Frankfurt and re-cap on the goodies on offer. The Golf R gets the same powerplant as the Scirocco R, but it also adds Volkswagen’s 4Motion AWD to the mix.

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.

Ford slows rate of cash burn in posting $1.4 billion net loss

Ford Motor Co., the only U.S. automaker operating without federal bailout loans, burned through $3.7 billion in cash during the first quarter in posting its fourth straight quarterly loss. Ford slowed the burn rate from the fourth quarter of 2008, when cash declined by $5.5 billion.