FCA CEO Sergio Marchionne says he’s not ready to court General Motors’ shareholders for a merger, while Ford’s Mark Fields prefers no mergers at all.
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While some Japanese CEOs are doing well for themselves in compensation, Takata’s Shigehisa Takada took a dramatic cut in pay for 2014.
The founder of Lowrider magazine, Sonny Madrid, died Monday at 70.
Toyota PR exec Julie Hamp isn’t having the best time in Japan right now, and the situation could worsen thanks to the nation’s strict drug importation laws.
Spending a year out of the public eye since Takata’s airbag crisis exploded, president Shigehisa Takada publicly apologized for the situation Thursday.
In a regulatory filing made Wednesday, Toyota President Akio Toyoda made ¥352 million ($2.84 million USD) in total 2014 compensation.
Renault-Nissan CEO Carlos Ghosn did well for himself in 2014, banking around $16 million in compensation compared to the salaries of other automotive CEOs.
Reuters is reporting police have raided Toyota’s office in Tokyo in connection with the arrest of communications chief Julie Hamp over alleged drug importation offences.
When asked, a Toyota spokesman declined to comment on the nature of the police presence, but said the company is cooperating with police.
Hamp, the first female senior executive at Toyota, has a long road ahead of her if there’s enough evidence to bring her to trial, as we covered last week.
[Source: Reuters]
The Tesla Model 3 duo will seem like vaporware for a while longer, as full production of the low-cost EVs won’t start until 2018.
Though the Nissan IDx is still dead, Chief Creative Officer Shiro Nakamura believes a more “innovative and exciting” Juke may make up for the loss.
Last Friday, the U.S. Transportation Department’s Office of Inspector General dropped the sledgehammer on the NHTSA over its failings in automotive safety.
Volkswagen USA CEO Michael Horn says the automaker expects “limited growth” until its new SUVs arrive, while one of its suppliers sets up shop in Tennessee.
Should you happen to be in Cheswick, Penn. next Sunday, you could be the new owner of a 2014 Hennessey Venom GT, or a Ferrari once owned by a Penguin.
Up until 2013, one could purchase a Mercedes G-Wagen with a droptop. Now, the automaker is thinking of dropping the tops throughout its SUV lineup.
While “Top Gear” moves forward with new host Chris Evans at the helm, Clarkson, Hammond and May are closer to introducing a new show of their own.
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