Playing catch-up: GM CEO paid $2.53 million in 2010, Toyota recalls 308,000 RAV4s, Saab to resume output next week
That’s a pretty big title up there – well, that’s because we’re playing catching and providing you a quick update to some of important industry news you may have missed while we were covering the 2011 New York Auto Show. We still have a couple of New York Auto Show posts coming so stay tuned.
- GM’s Whitacre gets $5 million, Akerson gets $2.5 million: Edward Whitacre, the former CEO GM, was paid over $5 million in total compensation for his nine months in 2010. Dan Akerson, who replaced Whitacre, was given total compensation worth over $2.5 million last year for working three months. – CNNMoney
- Toyota recalls 308,00 RAV4s, Highlanders: Toyota is recalling 2007 through 2008 model year RAV4 and certain 2008 Highlander and Highlander Hybrid vehicles in the United States to replace the airbag sensor assembly. – Toyota
- Saab to resume output next week: Saab CEO Victor Muller said Thursday that the troubled Swedish automaker is on track to win government financing and plans on resuming output sometime next week. – Detroit News
- Elena Ford pleads guilty to driving drunk: Ford executive and great-great-granddaughter of Henry Ford has been sentenced to two years’ probation after pleading guilty to driving drunk with her 11-year-old son aboard. – Bloomberg
- Feds to award $5 million for more EV charging: The U.S. Energy Department said Tuesday that it will spend $5 million to fund and speed up installations of electric-vehicle charging stations. – AutoObserver
– By: Omar Rana
