Ford’s Jim Hackett Kept $16.7M Pay Package in 2020 Despite Stepping Down as CEO

Former Ford CEO Jim Hackett received total compensation of $16.7 million in 2020 for running the company for nine months, according to documents the Dearborn automaker released Thursday. That’s down slightly from nearly $17.4 million in 2019. “Jim (Hackett) has been … advising (Executive … Continue reading Ford’s Jim Hackett Kept $16.7M Pay Package in 2020 Despite Stepping Down as CEO

Ford Dealers Will Have To Pay $35K To Attain Next-Gen EV Certification

With the 2021 Ford Mustang Mach-E representing the first of many Blue Oval electric vehicles – including the Ford F-150 BEV, Ford Transit E-Transit, and a future European model built on Volkswagen’s MEB platform – it’s safe to say that change is on the horizon. That includes big … Continue reading Ford Dealers Will Have To Pay $35K To Attain Next-Gen EV Certification

Elon Musk Says Tesla May Accept Bitcoin As Payment After Investing $1.5 Billion In Cryptocurrency

Tesla announced that they purchased $1.5 billion worth of Bitcoin. During their filing with the Securities and Exchange Commission (SEC), CEO Elon Musk justified the purchase as a way to have “more flexibility to further diversify and maximize returns on its cash”. … Continue reading Elon Musk Says Tesla May Accept Bitcoin As Payment After Investing $1.5 Billion In Cryptocurrency