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Found 10 results

  1. Elon Musk Compensation Update Seems the board is holding Elon Musk to a compensation plan that is all stock for hitting deliverables and taking the company to a $650 Billion value. First stock options kick in at $100 Billion and then every $50 Billion after that. He is not being paid cash or any other awards especially with the slip in Tesla 3 production. 12 year vesting period Stock grants only based on achieving milestones Must stay as CEO or serve at Chairman of the board and Chief product officer. Currently no changes in existing roles. Full Story here
  2. Tomorrow, we find out the details of the settlement between Volkswagen and the U.S. Government over the diesel emission scandal. As we reported last week, sources told various news outlets that part of the settlement would include compensation payments from $1,000 to $7,000 to owners. A European Union commissioner believes that should be extended to those in Europe. EU Industry Commissioner Elzbieta Bienkowska tells German newspaper Welt am Sonntag that Volkswagen should set up a similar compensation program for Europe. "Volkswagen should voluntarily pay European car owners compensatio
  3. Tomorrow, we find out the details of the settlement between Volkswagen and the U.S. Government over the diesel emission scandal. As we reported last week, sources told various news outlets that part of the settlement would include compensation payments from $1,000 to $7,000 to owners. A European Union commissioner believes that should be extended to those in Europe. EU Industry Commissioner Elzbieta Bienkowska tells German newspaper Welt am Sonntag that Volkswagen should set up a similar compensation program for Europe. "Volkswagen should voluntarily pay European car owners compensatio
  4. On Friday, Mitsubishi Motors announced that it will set aside 50 billion yen (about $480 million) this fiscal year to compensate buyers for inflated fuel economy figures. Bloomberg reports that the Japanese automaker admitted that 20 vehicles sold in Japan within the past ten years had false fuel economy data. Mitsubishi said in a statement they used “desktop calculations” instead of running actual field tests and used the false data on the twenty models built from 2006 to this year. They also lowered the resistance readings on some models to give better fuel economy numbers. Mitsubishi re
  5. On Friday, Mitsubishi Motors announced that it will set aside 50 billion yen (about $480 million) this fiscal year to compensate buyers for inflated fuel economy figures. Bloomberg reports that the Japanese automaker admitted that 20 vehicles sold in Japan within the past ten years had false fuel economy data. Mitsubishi said in a statement they used “desktop calculations” instead of running actual field tests and used the false data on the twenty models built from 2006 to this year. They also lowered the resistance readings on some models to give better fuel economy numbers. Mitsubishi re
  6. Earlier this week, we reported that General Motors was working on a compensation plan for owners of 2016 Buick Enclave, Chevrolet Traverse, and GMC Acadia crossovers that had inflated fuel economy numbers. Yesterday, the company unveiled the plan. Automotive News and Reuters reports that GM will offer buyers the choice of either debit card (ranging from $450 to $1,500) or a 48 month/60,000 mile extended warranty. Those who are leasing the crossovers in question will only get the debit card. The amount a person will get will vary due to various factors including the difference between the i
  7. Earlier this week, we reported that General Motors was working on a compensation plan for owners of 2016 Buick Enclave, Chevrolet Traverse, and GMC Acadia crossovers that had inflated fuel economy numbers. Yesterday, the company unveiled the plan. Automotive News and Reuters reports that GM will offer buyers the choice of either debit card (ranging from $450 to $1,500) or a 48 month/60,000 mile extended warranty. Those who are leasing the crossovers in question will only get the debit card. The amount a person will get will vary due to various factors including the difference between the i
  8. G. David Felt Staff Writer Alternative Energy - www.CheersandGears.com Auto CEO Compensation CNBC with Reuters has posted CEO compensation for GM, FCA, and FORD for 2015 and clearly also points out GM CEO Barra's compensation jumps 72% to $28 Million for 2016. 2015 Compensation GM CEO Barra - $7.3 Million on $152.4 Billion in sales, $10.8 EBIT earnings. FCA CEO Marchionne - $73.6 million FORD CEO Field $18.6 million Course stock does make up a large percentage of the pay package, but it is interesting to see what they are paid. CNBC-Reuters story
  9. The internal investigation has been completed and General Motors has released the report that looks into the handling of the ignition switch recall. During a town hall meeting this morning at GM's headquarters, CEO Mary Barra said the report was "extremely thorough, brutally tough, and deeply troubling," and announced changes to the company's policies and processes. “Overall the report found that, from start to finish, the Cobalt saga was riddled with failures which led to tragic results for many,” said Barra. The 315 page report, done by former U.S. Attorney Anton Valukas finds that General
  10. The internal investigation has been completed and General Motors has released the report that looks into the handling of the ignition switch recall. During a town hall meeting this morning at GM's headquarters, CEO Mary Barra said the report was "extremely thorough, brutally tough, and deeply troubling," and announced changes to the company's policies and processes. “Overall the report found that, from start to finish, the Cobalt saga was riddled with failures which led to tragic results for many,” said Barra. The 315 page report, done by former U.S. Attorney Anton Valukas finds that General

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