Pay

Magna will halt founder Stronach's compensation at end of 2014

April 8, 2014 11:10 CET
Canadian supplier Magna International paid $52 million in consulting fees to billionaire founder Frank Stronach in 2013, but the company is stressing that his compensation will stop at the end of this year.... Read More »

 

Skoda unions, management agree 2% wage rise

March 28, 2014 16:15 CET
Unions and management at Skoda have agreed a wage deal for the next 12 months that will see workers receive a 2 percent rise in wages and a one-off payment.... Read More »

 

Marchionne's pay as Fiat CEO falls to 3.6 million euros in 2013

March 12, 2014 06:01 CET
Fiat paid CEO Sergio Marchionne 3.6 million euros ($5 million) in cash last year, including a bonus and incentives, down from 4.5 million euros in 2012.... Read More »

 

Marchionne's pay as Fiat CEO falls to $5 million in 2013

2:46 pm U.S. ET | March 11, 2014
Fiat paid CEO Sergio Marchionne $5 million (3.6 million euros) in cash last year, including a bonus and incentives, down from 4.5 million euros in 2012, the group's compensation report showed.... Read More »

 

Zetsche gets pay raise after record Mercedes deliveries

Feb. 21, 2014 11:34 CET
Daimler increased CEO Dieter Zetsche's pay to 8.25 million euros ($11.3 million) after the third-biggest maker of luxury cars reduced its sales gap with BMW and Audi last year on record deliveries.... Read More »

 

Barra's compensation to total up to $4.4 million in 2014, GM says

4:02 pm U.S. ET | Jan. 17, 2014
Mary Barra, General Motors' new chief executive, will be paid up to $4.4 million in cash and stock compensation this year, GM disclosed in a federal filing on Friday. The pay package for Barra does not include what she and other executives will receive under the company's long-term compensation plan, which is subject to shareholder approval in June. GM will disclose details of that plan in April.... Read More »

 

French gov't tells PSA to review Varin's future pension benefits

Nov. 27, 2013 12:07 CET
The French government told PSA to review an "inappropriate" pension award to outgoing CEO Philippe Varin for which it has set aside 21 million euros ($28.5 million) in provisions.... Read More »

 

PSA reaches deal with unions to cut production costs

Oct. 24, 2013 17:34 CET
PSA has reached a deal with labor leaders to reduce fixed costs at French factories, a key step as it looks for new partners to expand and shore up its finances.... Read More »

 

Hyundai's Korean union to extend partial strike

Aug. 27, 2013 14:05 CET
Hyundai workers in South Korea plan to extend a partial strike by another two days after the latest round of wage talks failed to produce an agreement.... Read More »

 

Ghosn's Nissan pay remains stable at $10 million

June 25, 2013 12:19 CET
Renault-Nissan CEO Carlos Ghosn earned $10 million in salary and bonuses for his role as Nissan's top executive for the fiscal year ended March 31.... Read More »

 

SOLVING THE F&I PAY PUZZLE

Dealerships adjust compensation, roles, workload to make finance office hum

12:01 am U.S. ET | June 10, 2013
Many dealerships are experimenting with ways to get more bang for the buck in the F&I department. Some dealerships have merged sales and finance responsibilities into lower-paid hybrid positions. Others have hired junior-level F&I staffers to defray some of the workload. The experimentation makes many finance managers uneasy, but their compensation is generally increasing as dealers put more focus on boosting gross profits from finance.... Read More »

 

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