Monday, April 02, 2007

GM execs won't get cash bonuses this year

Thursday, March 29, 2007
Auto briefs
GM execs won't get cash bonuses this year

General Motors Corp . Chief Executive Officer Rick Wagoner and other top executives won't get cash bonuses for the second straight year after the world's largest automaker failed to stem losses. The decision, following more than $12 billion in losses in 2005 and 2006, affects about 20 executives, spokeswoman Renee Rashid-Merem said Wednesday. She didn't say why GM isn't making the payments.

Ford division donates $100K for cancer fight

Ford Motor Co.'s customer service division will donate $100,000 to the Susan G. Komen Breast Cancer Foundation's Race for the Cure on behalf of its Ford and Lincoln Mercury dealerships' service customers during April's National Car Care Month. Ford is a major sponsor of the foundation's work through its Warriors in Pink initiative, which raises funds through the sale of specially designed apparel. Ford has dedicated more than $87 million in cash and in-kind donations to the foundation over the past 12 years.

© Copyright 2007 The Detroit News. All rights reserved.


Post a Comment

<< Home