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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.
Mercedes proves E-Class hybrid tech with unusual test
Thu, 10 Oct 2013IN AN impressive display of performance and economy, Mercedes-Benz has completed a lengthy test of its new E300 Bluetech Hybrid saloon by driving it almost the length of the country on a single tank of fuel with a flat-out speed test at either end. With ex-rally driver Mick Linford at the wheel the standard production E300 Bluetech Hybrid began with a full tank of fuel at Newquay Cornwall Airport, the most southerly airport in mainland Britain. Down the main runway it completed an acceleration test to past 62mph from rest in a little over seven seconds and reached 136mph before braking for the end of the runway.
Daimler raises its stake in Aston Martin to 5%, as alliance deepens
Mon, 04 Aug 2014By Tim Pollard Motor Industry 04 August 2014 17:42 Daimler has raised its stake in British sports car maker Aston Martin as the Anglo-German alliance strengthens, it emerged today. The Mercedes-Benz parent company grew its stakeholding by 1% on 31 July 2014, the company confirmed. Daimler now owns 5% of Aston Martin.


