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GM denies reports about CEO Dan Akerson’s pay rise


General Motors today strongly denied media reports that said the company had requested an increase in CEO Dan Akerson's compensation for 2013. The Detroit News and Bloomberg said on Monday GM was proposing to pay Akerson $11.1 million this year. The stories cited documents and people close to the matter. An unnamed GM official said the $11.1 million figure represents Akerson's actual ...
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GM appoints Tim Mahoney as chief marketing officer
General Motors today announced Tim Mahoney as new Chief Marketing Officer Global Chevrolet and Global GM Marketing Operations Leader. Mahoney, who will take office on April 1, joins Chevrolet from Volkswagen, ...
Daimler AG extends Dieter Zetsche’s contract by three years
The Supervisory Board of Daimler AG passed a unanimous resolution to extend the contract of Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of ...
Report: Alan Mulally to get bonus payment after employment ends
Ford CEO Alan Mulally will receive a bonus after his employment ends as reward for leading the automaker through its turnaround. According to a Ford regulatory filing cited by Bloomberg, the ...
VW CEO to have his 2012 paycheck cut by 20 percent
Volkswagen CEO Martin Winterkorn will receive a 14 million euros ($18.7 million) paycheck for 2012, 20 percent less than in 2011. According to a report from German magazine Der Spiegel cited ...
Winterkorn to remain VW CEO until the launch of the next Golf
Volkswagen CEO Martin Winterkorn said he may remain at the helm of Europe's biggest carmaker beyond the term of his current contract to launch the new Golf model. VW chairman Ferdinand ...
Report: VW CEO expects to earn less this year
Volkswagen AG CEO Martin Winterkorn, the highest-paid top manager among Germany's biggest companies, expects to earn less this year. Winterkorn said that is because the carmaker considers limiting compensation packages. A compensation ...
Karl-Thomas Neumann appointed as Opel CEO and GM Europe President
General Motors appointed VW's Karl-Thomas Neumann as president of GM Europe and CEO of Opel, the carmaker's struggling European unit. The appointment will take effect March 1, the company announced on ...
Opel may appoint Neumann as CEO this week, report says
Opel may appoint Karl-Thomas Neumann this week to lead its restructuring effort, people familiar with the matter told Bloomberg. The former head of Volkswagen's Chinese operations may be appointed as CEO ...
Opel’s sales chief Alfred Rieck resigns, replaced temporarily by Vauxhall boss
Opel has announced that its sales chief Alfred Rieck has resigned after nearly seven months in office. 56-year-old Rieck will be temporarily replaced by Duncan Aldred (pictured), currently Chairman and Managing ...

latest automotive news
Aus GP denies boycott threat
Mar.6 (GMM/Inautonews.com) Australian grand prix organisers insist next weekend's 2015 season opener in Melbourne will not be boycotted. German reports ...
[VIDEO] See the Porsche 911 GT3 RS on the Nardo track
The German based automaker Porsche has released the first official video with the recently unveiled 911 GT3 RS in which ...
Global auto sales could gain 1.5 percent from plunge in oil prices
The recent drop in worldwide oil prices – which in term lowered the gasoline price at the pump in certain ...
2016 Opel Corsa OPC gets priced in Germany
Opel has officially announced the official starting price of its sub-compact hot hatch, the Corsa OPC, for the German auto ...
Mitsubishi XR-PHEV is previewing new compact crossover
The Mitsubishi XR-PHEV is offering a preview of a future compact crossover which is believed to be the replacement for ...
US: Mercedes pits new Metris van against the likes of Ford’s Transit Connect
In the US, the Ford Motor best-selling Transit Connect small cargo van leads the segment, but its rule might get ...
Fiat to name its Mazda MX-5 based roadster the 124 Spider
The Fiat version of the Mazda MX-5 will be called the 124 Spider and this is expected to make its ...
Skoda Fabia Monte Carlo debuts in Geneva
The more attractive trim of the new Skoda Fabia generation, the Fabia Monte Carlo, has made its public debut recently, ...
Geneva motor show’s greatest rides
We’re again feeling decidedly subjective on this one, but here’s my personal pick of the greatest rides that could be ...
New Ford GT to be priced similarly to the Lamborghini Aventador
The new generation of the Ford GT supercar will be produced in just 250 units annually and it will be ...
Recall roundup: Hyundai Elantra for power steering issues
The Hyundai Elantra is the subject of a new recall announced by the NHTSA because of problems with the electrically ...
Europe: Fiat brand to axe mass-market position in the region
According to Fiat Chrysler Automobiles NV chief executive officer Sergio Marchionne, the company’s namesake Fiat brand will give up for ...
McLaren 675LT online configurator introduced
The online configurator for the McLaren 675LT has been introduced recently introduced by the British based automaker. McLaren is moving with ...
Lotus CEO hints at approaching SUV model to lift sales
Lotus Group chief Jean-Marc Gales has none of the preoccupations of other auto industry leaders – such as developing driverless cars ...
Recall roundup: Dodge Challenger SRT Hellcat and Charger SRT Hellcat
The brand new and extremely powerful Dodge Challenger SRT Hellcat and Charger SRT Hellcat are the subject of a recall ...
Report – Chevrolet’s upcoming affordable electric car could be seen as Opel model in Europe
According to undisclosed company sources, General Motors might expand the sales of the upcoming Chevrolet Bolt electric car into Europe, ...
Porsche 911 GT3 RS – online configurator introduced
The online configurator for the recently unveiled Porsche 911 GT3 RS has been recently launched by the German based automaker. If ...
[VIDEO] Ferrari 488 GTB – official promo released
Ferrari has released the first promotional video with the recently unveiled 488 GTB, in which you can see the new ...