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New GM CEO Akerson to earn salary of $1.7 million
Filed under: GM , Earnings/Financials Dan Akerson , the man who just recently replaced Ed Whitacre as General Motors ' CEO, will be paid an annual salary of a cool $1.7 million. That's an awfully pretty penny, but Akerson indeed has his work cut out for him - The General is finally on its way to public ownership, with a stock IPO in the works for later this year. In addition to his $1.7 million, Akerson will also receive $5.3 million worth of GM stock, delivered over the course of three years beginning on September 30, 2011.
Continue reading...Report: Nardelli almost sold Chrysler to U.S. for $1
10. September 2010
Filed under: Government/Legal , Chrysler , Earnings/Financials Even more terrifying tales of the automotive bailout are emerging from Steven Rattner's new book . CNN Money reports that, according to the text, Chrysler had an even rougher go of things than General Motors . Rattner, who served as the head of the automotive task force, writes that after congress failed to give Chrysler the $7 billion in funding that the company originally asked for, executives began to scramble to find other ways to keep the operation afloat
Continue reading...Maserati to base upcoming junior Quattroporte on next Chrysler 300?
7. September 2010
Filed under: Sedan , Performance , Chrysler , Maserati , Rumormill , Luxury 1989 Chrysler TC by Maserati As excitement and anticipation mount for the arrival of a new "entry-level" sedan from Maserati , so do the rumors.
Continue reading...Cities under consideration for Fiat 500 sales outlets listed?
3. September 2010
Filed under: Car Buying , Budget , Hatchback , Chrysler , Fiat Fiat 500 receives a model introduction - click above for high-res image gallery We've been anxiously awaiting the availability of Fiat's 500 bubble bauble in the States for so long that we're beginning to feel like we're waiting for Godot and that the four-wheeled confection will never actually arrive at all.
Continue reading...Video: Jeep accidently shows off Fiat-based CUV
1. September 2010
Filed under: Concept Cars , SUV , Videos , Jeep , Design/Style , Off-Road Jeep shows off Fiat-based CUV - Click above to watch video after the jump There have been plenty of murmurings about how Fiat's partnership with Chrysler will impact the Jeep brand. Exactly how much platform sharing will occur between the Italian automaker and the Pentastar's globe-roaming purveyor of SUVs has been a hot topic amongst the Jeep faithful for some time.
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10. September 2010
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