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Ford cuts CEO's compensation 37%
Wed, 25 Mar 2009Ford Motor Co. CEO Alan Mulally earned $13.57 million in total compensation in 2008, a 37 percent decline, as the automaker avoided seeking a federal bailout while posting a record loss. Mulally will take an additional 30 percent cut in salary this year and next as he battles a global financial crisis and the worst U.S.
Ferrari salutes Sergio Pininfarina
Tue, 03 Jul 2012Ferrari has a singular identity, but the look, the image and the attitude were crafted, elevated and carefully honed largely by another superlative Italian company—Pininfarina. Mindful of this, the Prancing Horse paid tribute to longtime Pininfarina chairman Sergio Pininfarina, who died on July 2 at the age of 85. “Calling his relation with Ferrari legendary is insufficient,” Ferrari chairman Luca di Montezemolo said in a statement.
Most 'American-made' 2013 cars
Thu, 11 Apr 2013Domestic brands have the most American-made content in the United States according to a new American Automobile Labeling Act reports. The AALA was enacted in 1992 to inform consumers about the percentage of American content which comprises each car. AALA data specifies the percentage of U.S./Canadian parts content for each vehicle, including where the engine and transmissions were built.