Washington - General Motors Corp, the largest US automaker, Tuesday unveiled plans to eliminate 10,000 salaried jobs around the world and cut pay by up to 10 per cent in an effort to prove to Washington it is a viable company.
The company is trying to hang on to 13.4 billion dollars in government loans, which could be withdrawn if GM does not come up with a survival plan.
About 3,400 of 29,500 US salaried workers are to be dismissed by May, the Detroit-based automaker said in a statement, Bloomberg financial news reported.
Stuttgart, Germany - Porsche will show off a more powerful 911 GT3 with the six-cylinder engine boosted by 15 kW/20 horsepower to 320 kW/435 hp and exterior details such as wider fenders and a pronounced rear wing at this year's Geneva Motor Show from March 5- 15.
Crewe, England - Prestige car-maker Bentley has introduced what it describes as its most powerful convertible ever - the GTC Speed fitted with a 610 horse power engine, giving it a top speed of 322 kilometres an hour with the roof up.
India's No. 2 motorcycle maker, Bajaj Auto plans to increase its stake from 25% to 30% in KTM Power Sports, Europe`s second-largest sports bike manufacturer.
As demand fell due to economic uncertainty and tight credit, there was a fall by 3.2 percent in January in the sales of cars in India, which marked the sixth drop in seven months. 
