Pay

Skoda, unions agree on 3.5% wage hike

April 24, 2015 13:10 CET

Skoda has reached an agreement with workers on a 3.5 percent wage hike, the carmaker's main union group said. Unions threatened to strike last week after seeking a higher deal than the 3 percent offered by the automaker....
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Piech is Germany's best paid chairman, survey says

April 21, 2015 12:56 CET

VW Group Chairman Ferdinand Piech is Germany's best paid supervisory board chief, a survey showed. Piech's compensation rose last year to 1.47 million euros ($1.57 million), reflecting VW's record 2014 profit and deliveries....
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Ford's Mulally made $22 million in 2014; Fields' pay rises 83%

11:45 am U.S. ET | March 27, 2015

Alan Mulally, who retired as Ford CEO in mid-2014, received compensation worth $22 million last year, the company said today in a regulatory filing. His successor, Mark Fields, earned $18.6 million....
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Ghosn's pay increase criticized by Renault union

March 27, 2015 09:23 CET

Renault's biggest trade union, the CGT, criticized the automaker's proposal to more than double CEO Carlos Ghosn's 2014 pay package to 7.22 million euros ($7.85 million). Renault, which is cutting 7,200 jobs in France, says Ghosn's higher earnings are tied to the company's profit increase....
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VW's German workers get 3% wage increase

March 5, 2015 12:56 CET

Volkswagen will give workers at German plants a 3.4 percent wage increase even as the automaker looks to boost profitability by cutting costs....
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Daimler increases Zetsche's pay by 1.4%

Feb. 17, 2015 15:34 CET

Daimler has raised CEO Dieter Zetsche's pay by 1.4 percent to to 8.36 million euros ($9.49 million) after the maker of Mercedes cars posted record deliveries last year and narrowed its sales gap to rivals BMW and Audi....
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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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EXECUTIVE COMPENSATION

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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