Fiat awards Ferrari Chairman Montezemolo 27 million euro severance package

Sept. 11, 2014 09:18 CET
Ferrari Chairman Luca Cordero di Montezemolo will receive a severance package worth nearly 27 million euros ($34.89 million). Montezemolo quit after clashing with Fiat Chrysler CEO Sergio Marchionne over the supercar maker's future....
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PSA seeks 500 job cuts at French plant

June 25, 2014 16:27 CET
PSA will offer workers at its plant in Rennes, France, early retirement benefits to reduce headcount at the site by about 10 percent. PSA builds the Peugeot 508 and Citroen C5 in Rennes....
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Ghosn set to top Japan pay rankings with $10 million pay

June 24, 2014 09:39 CET
Nissan CEO Carlos Ghosn earned more than $10 million last year, putting him on track to become the best-paid Japan executive for the fourth time in five years....
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CEO pay, like the industry, is rising

12:01 am U.S. ET | June 2, 2014
PPG Industries CEO Charles Bunch exercised stock options to top the list of the 35 highest-paid CEOs at publicly traded North America-based automotive companies. Like many CEOs, he received the bulk of his compensation from stock option and stock award gains. Not every executive on the list had success in the market....
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Toyota will increase directors' pay 19% after record profit

May 28, 2014 06:01 CET
Toyota plans to boost pay to directors by 19 percent for the last fiscal year after the company reported a record profit....
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Toyota to raise directors' pay 19% after record profit

7:08 am U.S. ET | May 27, 2014
Toyota plans to boost pay to directors by 19 percent for the last fiscal year after the company earned record profit....
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GM reshapes executive incentive pay to target profits, market share, quality

11:34 am U.S. ET | April 25, 2014
GM is reshaping executive incentive packages based on earnings, global market share and quality. GM began making the changes after the U.S. government sold its remaining stake in the automaker, according to a proxy filing today with the Securities and Exchange Commission....
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Musk's pay as Tesla CEO drops 99.9% to less than $70,000

5:49 pm U.S. ET | April 24, 2014
Elon Musk, Tesla's CEO and one of the wealthiest U.S. entrepreneurs, saw his take home pay from the automaker plunge by more than 99.9 percent last year after a surge in his 2012 stock options....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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