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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
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It’s official – Mercedes-Benz confirms its first ever pickup truck
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