Elon Musk, chief executive of Tesla Motors Inc. and one of the wealthiest U.S. entrepreneurs, saw his take-home pay from the automaker plunge to less than $70,000 last year, following a 2012 surge in his stock options.
Ford Motor Co., the second-largest U.S. automaker, will soon name Mark Fields its next chief executive officer and reveal when current CEO Alan Mulally will retire from the company he is credited with saving, according to two people familiar with the pending announcement.
Ford Motor Co. Chief Executive Officer Alan Mulally is lining up a substantial corporate position for his next act, probably as a board director or chairman, according to people with knowledge of his plans.
Ford Motor Co. is bringing its premium Lincoln cars to China, decades behind Volkswagen AG’s Audi and BMW, testing whether the second-biggest U.S. automaker can emulate the recent turnaround of its namesake brand.
Ford Motor Co., which has three auto factories in Russia, is monitoring the sanctions against that nation for its involvement in Ukraine and hasn’t yet seen an impact on its business, the automaker’s No. 2 executive said.
Ford Motor Co., which warned in December about volatility in its Venezuelan operations, will take a charge of about $350 million in the first quarter for a change in how it values the South American nation’s currency.