Former Nissan CEO Hiroto Saikawa said he agreed in 2011 that Ghosn should be paid more to prevent him from going to a rival automaker, and that the executive should receive compensation for non-competition and consulting services after retirement.
Biden addresses global microchip shortage in latest executive order
Biden’s executive order will launch an immediate 100-day review of supply chains for four critical products: semiconductor chips, large-capacity batteries for electric vehicles, rare earth minerals and pharmaceuticals.
The vehicle, on sale this spring, will start at $53,595 including shipping. Ford has used the trim, named after the famed Texas ranch, for 20 years since it launched on the 2001 F-150.
Suzuki chairman will retire after longest reign in auto industry
With almost half a century at the helm, Osamu Suzuki is credited with turning the automaker into one of the world’s largest small-vehicle manufacturers.
Disney World at 50: Looking back at Cinderella Castle’s royal moments