AutoNation to pay new CEO Manley $1.3M in base salary, plus major stock incentives, benefits
Mike Manley’s three-year contract makes him subject to certain payments if he is fired by AutoNation without cause or if he resigns for good reason.
Automakers, suppliers revved up as Motor Bella kicks off; rain, floods cancel Wednesday events
Around 80 companies and sponsors set up tents and activations to exhibit products and meet with clients and potential customers. Heavy rain and flooding canceled Wednesday’s schedule near Detroit.
GM's Reuss says global chip supplies to stabilize at lower-than-desired levels
Looking ahead, GM’s president said a crucial issue for the auto industry would be recycling materials used in EV batteries.
Retirement finally nears for AutoNation's Jackson
Mike Jackson, 72, who has been CEO of AutoNation for most of the past 22 years, will also retire from the retailer’s board of directors.
GM develops Ultium Drive system in-house
GM’s upcoming generation of electric vehicles, powered by a new Ultium Drive three-motor system, will be designed in-house and will include integrated power electronics to reduce costs and manufacturing complexity.