Former AutoNation CEO Mike Jackson collected more than $18M in 2021
AutoNation’s former CEO Mike Jackson, who retired late last year, earned more than $18 million in compensation last year. His successor, Mike Manley, earned about $8.5 million.
Electric Last Mile cushions fall of forced-out leaders as it slashes head count
While stripped of their C-suite statuses, Luo and Taylor entered settlement agreements that come with protection from liability and lawsuits.
Ex-dealer sentenced to prison for role in defrauding Toyota out of $4.3 million
Pinson, 46, was convicted of three counts of wire fraud, six counts of mail fraud, one count of aggravated identity theft and two counts of conspiring to commit money laundering.
Tesla says Autopilot is safe; SEC ready to distribute $40M Musk settlement
The company’s letter to senators said: “Tesla’s Autopilot and FSD Capability features enhance the ability of our customers to drive safer than the average driver in the U.S.”
Dealers maintain optimism heading into spring even as inventory shortages persist
New-vehicle inventory has improved for franchised dealers, and profits remained strong, according to the latest Cox Automotive Dealer Sentiment Index.