NEW YORK (LPC) – General Motors Co (GM) will seek to extend maturities on US$6bn in revolving loans rather than refinance a US$16.5bn credit facility following discussions with its bank group during an unprecedented health crisis in the US. FILE PHOTO: The GM logo is seen at the General Motors Assembly Plant in Ramos Arizpe,… Continue reading GM reduces loan refinancing target, may pay up for new debt
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Ford CEO Jim Hackett earns $17.4M in 2019, executive team gets pay raises
CLOSE Ford CEO Jim Hackett received total compensation of nearly $17.4 million in 2019, slightly down from nearly $17.8 million in 2018, according to documents the company released Friday. The Dearborn-based carmaker reported Hackett’s pay was 157 times more than the median compensation for all U.S.-based Ford employees. Jim Hackett, CEO of Motor Company, is pictured here… Continue reading Ford CEO Jim Hackett earns $17.4M in 2019, executive team gets pay raises
@GM: GM Delivers Over 461,700 Vehicles in China in the First Quarter SHANGHAI – General Motors and its joint ventures delivered more than 461,700 vehicl…
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‘Cash for Clunkers’ Overseer Backs Ford’s Pitch for a Sequel
A federal program to issue rebates to consumers toward new vehicles could provide a much-needed jolt to the U.S. auto industry that’s seen plants idled and showrooms emptied by the coronavirus, according to the Obama administration official who oversaw the program known as “cash for clunkers.”
Kia Seltos crosses 81,000 units cumulative sales mark in India since launch
Ever since its launch in India in August 2019, Kia Seltos has been the most popular SUV here.The SUV is BS6-compliant right from the time it was introduced in India and has three engine options in the form of 1.4-litre Turbo GDI petrol (140PS and 242Nm), 1.5-litre petrol (115PS and 144Nm) and 1.5-litre VGT diesel (115PS and 250Nm).The automatic transmissions available are 7-speed DCT (1.4-litre Turbo GDI petrol), IVT (1.5-litre petrol) and 6-speed AT (1.5-litre VGT diesel).
Tesla Model Y teardown: wiring and body casting impress expert
Tesla Model Y’s wiring architecture and body casting, especially at the rear, is not disappointing in the first teardown of the new electric SUV. As we reported yesterday, Sandy Munro, a manufacturing expert who rose to fame in the Tesla community after his breakdown of an early Model 3, is doing the first teardown of… Continue reading Tesla Model Y teardown: wiring and body casting impress expert
@FCA: FCA Reschedules AGM
FCA Reschedules AGM Go to Source
Ford CEO Jim Hackett received $17.36 million in compensation in 2019
Ford Motor Co. CEO Jim Hackett in 2019 received $17.36 million in total compensation, the Dearborn automaker reported in a Friday filing with the Securities and Exchange Commission. Hackett’s income last year, his second full year as CEO, fell 2.2% from the $17.75 million the chief executive was paid in 2018. While Hackett’s base salary was steady at $1.8 million and his stock awards were… Continue reading Ford CEO Jim Hackett received $17.36 million in compensation in 2019
@Toyota: Toyota Quarterly Supplement for Takata Recall Remedy First Quarter 2020
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@Toyota: Toyota Green Energy Established to Conduct Renewable Energy Power Generation Business
Toyota Motor Corporation (Toyota; head office: Toyota City; President and Representative Director: Akio Toyoda), Chubu Electric Power Co., Inc. (Chubu Electric Power; head office: Nagoya City; President & Director: Kingo Hayashi), and Toyota Tsusho Corporation (Toyota Tsusho; head office: Nagoya City; President & CEO: Ichiro Kashitani) concluded an agreement today to establish Toyota Green Energy… Continue reading @Toyota: Toyota Green Energy Established to Conduct Renewable Energy Power Generation Business