a billion bucks and then some hope all is well with you on this MondayTesla boss Elon Musk rocketed past the highest-paid CEOs had publicly traded USautomotive companies last year this after musk exercised1. 3 four billion dollars in stock options set to expire in 2016musk who usually sits at the bottom of the list because he refuses to takeCalifornia as a minimum wage saw his total compensation zip from five figuresin 2015 to ten figures in 2016 according to the annual Automotive News equal ourCEO compensation study Musk’s boost stems from him meeting several goals ina long term incentive plan devised by Tesla’s board back in 2012 so you havemusk sitting atop the list with one point three four billion dollars therest of the top five dominated by supplier chiefs who were aided by stockaward gains in second place Te connectivities Thomas Lynch at 32million dollars he’s followed by Lear’s Matt Simmons Eenie Harman internationalsDinesh pala Wall and Alex Molinaro Lee from Johnson Controls JC I spun off itsautomotive seating business late last year and as we’re running the businessas for the second highest-paid automaker CEO well that would be X for boss markfields with 16 million dollars in total comp tops in the automotive servicessegment car auction services chief James Hallett in nearly fifteen million bucksand the highest-paid dealership Group CEO Livia Motors brian de Bourgh atnearly nine point three million for much more visit Auto news. coma US judge overseeing lawsuits against Fiat Chrysler for its alleged excessdiesel emissions intensity and compensation expert Kenneth Fineberg totry to reach a settlement you recall Feinberg oversaw the compensation fundfor General Motors ignition switch victims federal judge Edward Chen in SanFrancisco has given all sides until Wednesday to file objections to thenaming of Feinberg as settlement master Feinberg declined to comment today inMay the US Justice Department sued FCA accusing it of illegally using softwarethat led to excess emissions in nearly 100 4000 diesel vehicles sold since 2014also today honda confirming an 11th u. s. death involving one of its vehiclesequipped with a faulty Takata airbag inflator this time the death stemmedfrom a vehicle repair honda says an individual was working on a 2001 Accordwhen the airbag ruptured the fatality occurred in Florida in June of last yearall right we are halfway through 2017 just six months remain for automakers tomake or break annual US sales goals so far subaru continues to scale the ladderin terms of the marks annual sales ranking in its past its tenth brand inten years subaru has moved past lexus Volkswagen Mazda BMW Ram mercedes-benzChrysler GMC and Dodge in the past decade and through the first half of theyear Subaru is beating kia and closing in on Hyundai now the number 10 isn’t islucky for the Jeep brand June marked the tenth consecutive month sales havedropped at cheap declining 11 percentmeanwhile midsize sedan sales continue to shrink through the first half compactcar sales have outpaced mid-sized sedans by about 113 thousand units and if thetrend continues 2017 maybe the first year compact cars outsell mid-sizesedans if there’s one automaker undeterred by lackluster midsize sedansales in his Toyota executives tell Reuters they’re confident the redesignedCamry will quote rehabilitate the segment leaders say it’s quoteinconceivable that mid-sized sedans would disappear from the market throughsix months sedans and smaller models accounted for nearly 44 percent ofToyotas total u. s. sales former Acting Administrator of the National HighwayTraffic Safety Administration David Friedman has been hired by ConsumerReports he’ll serve as director of cars and product policy for consumers Unionthe advocacy arm of CR have a great day everyone and we’ll see you tomorrow
source https://cardetailingphoenix.com/index.php/2018/08/01/elon-musk-rockets-to-top-of-ceo-pay-list_2-automotive-news-tv-car-news/
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