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  Affected by the epidemic, Tesla's Chinese executives voluntarily cut their salaries by 30%.

  China resumed work and production and business resumed rapidly, but Tesla's Chinese employees were also affected by the complete shutdown of business in the United States and around the world. Tesla recently announced a pay cut for all staff, which will last until the end of the second quarter and will tide over the difficulties together, including up to a 30 per cent pay cut for senior executives in China. According to foreign media reports, Tesla announced the launch of a salary reduction plan through an internal email. The specific salary reduction plan is as follows: in the United States, the salary of employees in the positions of vice president and above will be reduced by 30%, and those at the director level and above will be reduced by 20%. Other employees will have their salaries cut by 10%. At the same time, you can't work from home.

  Tesla Chinese executives voluntarily cut their salaries Model 3 2020-04-10
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  Geely middle and senior executives voluntarily cut wages to join the incentive mechanism, and will complete 2 million sales next year.

  Independent brands are under great pressure in the face of dismal car sales in China, and even Geely, which has always had a strong momentum, has fallen. Recently, "Geely asked employees to voluntarily cut wages." the news that "take the initiative to buy a car" makes this independent car company once again become a hot spot in the circle. An application for a voluntary salary reduction for Geely Automobile employees was exposed on the Internet, the specific content is as follows: as a Geely person, he volunteered to share and struggle with the company, under the situation that the collective market of the automobile industry is facing great challenges, voluntarily apply for a reduction in wages and year-end bonus _ yuan as operating sharing funds. After the completion of the reduction plan of business sharing, the salary returned to normal.

  2019-05-15
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  It is exposed that Baiteng can not pay wages in China, and the salaries of core executives will be reduced by 80%.

  Recently, there have been media reports of temporary layoffs at Baiteng Automotive's US R & D center, an 80 per cent pay cut for executives and delays in the payment of salaries for employees in China. In this regard, Baiteng Automobile responded that under the continuing impact of the epidemic, Baiteng can not be left alone, and the business operation is facing great challenges. At present, a number of phased measures have been taken to reduce short-term fixed costs and ease financial pressure. Among them, employees in China suspend part of their salaries according to their ranks, some employees in American offices are suspended from pay, and some employees in German offices shorten their working hours. At the same time, the core management of Baiteng Automobile will be collective.

  Baiteng car 2020-04-23
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  FF faces delisting risk! Jia Yueting and other executives cut their salaries to buy stocks.

  On September 22nd, Faraday appointed Matthias Aydt as FF global CEO and Chen Xuefeng as CEO in China. It is understood that Chen Xuefeng decided to resign as global chief executive of FF on September 16, while resigning as a member of the board of directors.

  Company Faraday Farah Stock Price Xuefeng Vice President Global Automotive NASDAQ Dak stocks China products position 2023-09-22
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  Orders have fallen sharply, and large auto parts companies have asked Chinese employees to take voluntary unpaid leave

  According to the internal documents sent by Delphi Technology to all paid employees, novel coronavirus spread wantonly around the world, and the epidemic escalated in many places around the world, which had a great impact on the development of the industry. Our customers and suppliers are suspending their production operations and some engineering research and development work around the world. As a result, our customer orders have been greatly reduced, and Delphi's business has been greatly affected.

  Automobile parts and components 2020-04-02
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  Geely stalled and sales fell 27% in May from a year earlier.

  Sales of Geely cars, which have always been strong under their own brands, fell again in May, and Geely stalled amid an extremely depressed Chinese car market. Geely's sales report showed that sales in May fell 27% from a year earlier to 90309 vehicles, with a cumulative total of 560805 vehicles from January to May this year, down about 12% from a year earlier, a decrease of more than 76000 vehicles. Geely explained that the decline in sales in May was due to Geely's continued reduction in dealers' total inventory. Officially, it means that the total number of cars in stock at Geely dealerships is high. In fact, Geely has been declining since the beginning of this year due to the decline in sales.

  2019-06-11
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  Geely asked employees to automatically reduce wages or bonuses Yang Xueliang: rumors of a pay cut are not true

  An application for a voluntary pay cut from Geely Motor has been circulated on the Internet today. According to the application, 2019 is a key year for Geely to move towards 2 million vehicles, and in a situation where the overall market of the automobile industry is facing great challenges, Geely employees need to voluntarily apply for a reduction in wages and year-end bonuses as operating sharing bonuses. The wage adjustment period is from May 2019 to January 2020. After the completion of the reduction plan, wages will return to normal. Subsequently, Yang Xueliang, vice president of Geely Automobile Group, said on Weibo on the 15th that Geely's operating indicators were good and there was no so-called salary cut. Geely cars from 5.

  Cars Geely cars 2019-05-15
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  Nissan cancels Ghosn's unpaid benefits, and the people of Nishikawa are willing to make up for the impact of Nissan with a 50% pay cut.

  Nissan disclosed in a document on Thursday that it would cancel unpaid benefits from former chairman Carlos Ghosn, including 4.44 billion yen ($41 million) in unpaid pension and 2.27 billion yen in stock appreciation rights, according to foreign media reports. And the current CEO Nishikawa Hiroshi is willing to take a 50% pay cut to make up for the impact on Nissan because of reported financial violations. According to Nissan documents, Ghosn's total compensation for the last fiscal year reached 1.65 billion yen, of which 410 million yen was actually paid and 1.24 billion yen was deferred to retirement. Ghosn was in Tokyo last November.

  Nissan 2019-06-28
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  Hyundai Motor's first-quarter net profit plummeted by 40%, and the company's top executives collectively cut their salaries.

  On the evening of April 23, Hyundai released its results for the first quarter of 2020. According to the financial report, Hyundai Motor achieved sales of 25.32 trillion won (145.1 billion yuan) in the first quarter of 2020, up 5.6 percent from the same period last year; operating profit was 863.8 billion won (5 billion yuan), down 4.7 percent from the same period last year; net profit was 552.7 billion won (3.527 billion yuan), down 42.1 percent from the same period last year. It is understood that net profit was the lowest in 10 years, mainly due to the demand for cars in the Chinese market hit by the epidemic and the losses in the company's financial business. Modern.

  Modern automobile 2020-04-24
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  Faraday's share price plummets in the future! Jia Yueting is in a hurry.

  On October 16th, Jia Yueting, founder of Faraday Future (FF), published an open letter to all shareholders and investors. Jia Yueting said in the open letter: "I am actually the most anxious about the serious deviation between the real value of FF and the value of the capital market.

  Company Faraday Farah Stock Price Market capitalization shareholders Trading value Stock Nass NASDAQ Duck Music Development IPO 2023-10-16
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  The salary of 20% of FCA employees will be postponed, and the three major US auto companies have announced a pay cut.

  According to media reports, due to the impact of COVID-19 's epidemic, Fiat Chrysler (FCA) will implement deferred pay and other measures to avoid layoffs. FCA announced that from April to June this year, employees of the company will have their salaries cut by 20%, CEO Mike Manley will temporarily cut their salaries by 50%, executive board members will cut their salaries by 30%, and chairman John Erkan and board members will give up the remaining salary in 2020. FCA CEO Mak Mingkai said that it is every employee's responsibility to ensure the company's financial health.

  FCA Ford 2020-04-02
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  Huge losses! The whole staff of an automobile company cut their salaries and cancelled the year-end bonus.

  Today, a number of media reports, according to Weima employees revealed: yesterday afternoon, Weimar CEO Shen Hui released a full internal letter, and the internal letter also spread on the network. It is believed that due to the impact of COVID-19 's epidemic, Weima Motor is facing great challenges in the supply chain, with a sharp rise in raw material costs and lack of supply.

  Weimar car employee salary financing company media cost don't year-end bonus initiative price measure new energy gross profit 2022-11-22
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  Ford GM announces emergency measures as salary of employees and executives is postponed

  Due to the spread of the COVID-19 epidemic, American car companies have temporarily closed their factories and entered a state of suspension, and the continuing uncertainty of the epidemic has put them under great pressure. therefore, in order to ensure sufficient funds to survive the virus crisis, both Ford and GM have announced "temporary wage cuts" and delayed the payment of part of the salaries of employees and executives. According to foreign media reports, General Motors has announced an indefinite suspension of production activities at its North American plants and has decided to delay the payment of all its salaried employees (about 69000 people) and will temporarily cut their wages by 20%. To save cash in response to novel coronavirus's crisis. GM also said that from this week.

  Ford Motor 2020-03-27
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  Daimler completes 12 billion euro credit line, group executives cut salaries by 20%

  According to foreign media reports, in response to the impact of the COVID-19 epidemic crisis, Daimler Group has signed a credit line agreement of 12 billion euros (92.2 billion yuan) to enhance its financial flexibility in the event of the epidemic crisis. Daimler said that the banks that signed the loans, including BNP Paribas, BNP Paribas, Deutsche Bank and JPMorgan Chase, could be used within 12 months, with two options for an extension of six months. It is understood that two years ago, Daimler Group signed a credit line of 11 billion euros with some international banks, which will be provided until 2025.

  Mercedes-Benz Ford GM 2020-04-03
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  The future? If you don't have it, you can come back again, and the future car has announced the resurrection of the car.

  The resurrection of the future car! And handed in the car!

  The resurrection of the future car! And handed in the car! 2021-12-20
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  The paper application for voluntary salary reduction of Geely employees was spread online, and Geely responded positively to the false news.

  Recently, a picture of Geely employees' application for voluntary pay reduction was circulated on the Internet. Geely responded that "it is not true" in the picture: 2019 is the key year for Geely to move towards 2 million vehicles, and under the situation that the overall market of the automobile industry is facing great challenges, Geely employees need to voluntarily apply for a reduction in wages and year-end bonuses as operating shared funds, and the wage adjustment period is from May 2019 to January 2020. After the completion of the reduction plan for business sharing, wages will return to normal. Geely's employees responded that there were no rumors on the Internet, and said Geely adopted the electronic office.

  Bosch 2019-05-15
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  Zhongtai Automobile has a pre-loss of more than 10 billion yuan, or it may become the Chinese auto company with the largest loss.

  On the evening of June 18, Zhongtai Motor issued a revised announcement of its 2019 results, showing a loss of 10.8 billion yuan to 11.5 billion yuan in 2019, compared with an estimated loss of 6 billion yuan to 9 billion yuan, compared with a profit of 800 million yuan in the same period last year. As for the reasons for the performance correction, there are mainly the following two points: ① is affected by factors such as COVID-19 's epidemic situation, and the company's cash flow is further affected. Due to financial constraints, the management of the company adjusted the original resumption plan according to the actual situation, adjusted some of the reproduced models and reduced the reproduction output, and the recoverable amount of the calculated production line was lower than its book value, resulting in some.

  Zhongtai Automobile 2020-06-19
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  SAIC's sales fell 87% in February, and employees and executives will cut their salaries.

  Affected by the epidemic, SAIC's production capacity and sales fell sharply in February. According to a data report released by SAIC, SAIC produced 32260 vehicles in February, down 90 per cent from a year earlier; sales were 47365, down 87 per cent from a year earlier. The sharp decline in production and sales data is mainly affected by the cessation of all activities under the epidemic. The resumption of production of many subsidiaries of SAIC Group gradually resumed in the second half of the month, while car sales stores are in a state of long-term closure, even if sales factories are opened. Consumers' willingness to buy cars is still affected by the epidemic. Specifically, SAIC Volkswagen sold 10, 000 vehicles in February, down 9. 5% from a year earlier.

  Automobile SAIC 2020-03-06
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  Weima employees ask for salary online Geely Vice President: I'm short of people here. Think about it.

  Weibo blogger @ Li Ruhua asked Weima Automobile for a salary online on Feb. 25. According to the blogger, after getting off work on Friday, he received a phone call from the head of the department that night and was told to stay without pay. Earlier, he was exhorted by cross-level leaders to "quit voluntarily". The reason given was "compared to him."

  Weimar companies cars financing employees such as flowers products classmates factories problems Geely people enterprises suspension of pay social security 2023-02-27
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  A word caused the share price to plummet, and Musk changed his tune!

  Tesla was exposed that a large number of layoffs led to a sharp fall in stock prices, Musk had to come out to "put out the fire." "I have a very bad feeling about the US economy," Musk said in an internal email titled "suspension of global recruitment" obtained by Reuters two days ago. " In this email, Tesla

  Tess Tesla employees Mars Musk email production Global growth impact Automotive economy United States people RMB 2022-06-05