NEW: Get Updates by Email

Automakers

Musk’s Antics Could Cost Him $56 Billion Pay Package

Musk’s Antics Could Cost Him $56 Billion Pay Package

Elon Musk’s increasingly mercurial behavior is having a substantial impact on the Texas-based EV maker. But it may also have a serious impact on the Tesla CEO himself as shareholder resistance grows to the $50 billion pay package the automaker wants to give Musk. A key investor, and former Musk “fanboy,” voting no.

Mercedes Workers Next to Vote on UAW – But “Alabama is Not Michigan”

Mercedes Workers Next to Vote on UAW – But “Alabama is Not Michigan”

After winning a historic vote at the Volkswagen plant in Chattanooga last month, the United Auto Workers Union takes aim at a repeat victory as workers at the Mercedes-Benz plant in Tuscaloosa cast their ballots. But the UAW faces strong local opposition from, among others, Gov. Kay Ivey who declared “Alabama is not Michigan,” as she signed a bill to discourage future union efforts.