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In 2021, Shen Hui, founder of Weima Automobile, was exposed that his annual salary was 1.262 billion yuan, accounting for 72% of the main management salary, which triggered a heated discussion in the industry, and the market once again focused on the executive pay of automobile listed companies. Today, Weimar is dying and its future is uncertain. Executive compensation of automobile company
On September 4th, Automotive News (Automotive News) released the results of a CEO pay survey, showing that Lucid Motors CEO Peter Rawlinson will earn as much as $379 million in 2022.
In recent days, there have been rumors on the Internet that Cao Dewang, founder of Fuyao Glass, publicly blasted Tesla, saying that Tesla maliciously raised his salary and upset the balance of the labor market. According to Internet rumors, Cao Dewang believes that Tesla's salary is too high, far exceeding that of his domestic counterparts, and that this is undermining the normal industry competition.
Today, according to China Business Statistics released a ranking of the annual salaries of 13 auto companies in 2021, Tesla Musk ranks first, with an annual salary of 157.5 billion yuan in 2021, followed by Stellantis's Tang Weishi, who earns 456 million yuan in 2021.
Geely officially manages Changfeng Cheetah Automobile Factory
Yesterday, the domestic financial media titanium media released the ranking of executive compensation, Xiaopeng car Gu Hongdi ranked first with an annual salary of 434 million yuan, causing widespread concern among netizens. The rankings released by titanium media include the TOP20 ranking of executive compensation and the annual salary TOP50 list of individual executives. Xiaopeng Motor appears in both lists. Among the top executive compensation rankings, Tencent has the highest executive compensation, with seven directors earning a total annual salary of 506 million yuan, while Xiaopeng Motor ranks second with 440 million.
Following the success of car-building New Power Zero Auto in the Hong Kong Stock Exchange IPO, another new power brand Weima Automobile also accelerated the delivery of IPO, but Weima Motors' public prospectus caused a lot of controversy on the Internet. According to Weima's prospectus, Weimar's losses continued from 2019 to 2021.
Fengcheebao, a veteran car company, has been exposed to collective pay cuts and suspension of production, and internal documents on employee pay adjustments and wage reductions have been widely circulated online. In response to this matter, the person in charge of Cheetah confirmed the authenticity of the document to the media, "the current downward trend in the industry is obvious, coupled with the country 5 switching to country 6, staff reduction and salary reduction is one of the ways for enterprises to take the initiative to deal with the current predicament." He also said that the company did not stop production completely, mainly for some products with large inventory and products that are about to be replaced. According to an internal meeting minutes issued on May 29, Changfeng Group decided to implement "employee pay adjustment and pay reduction."
Zhongtai Motors, an independent company, is in deep trouble, and this huge automobile group with many sub-brands is "shaky". After the chairman Jin Zheyong was restricted from high consumption due to collective salary demands from employees, a notice that all employees had a holiday until the end of June next year, let Zhongtai Motors get involved in the whirlpool of public opinion. On June 3, the media learned from insiders that Zhongtai Hunan Base issued a "notice on the company's employees' extended holiday" on May 29, saying that due to the downward pressure of the automobile industry and the serious impact of the epidemic, the holiday time of all the working staff of the base was postponed to June 30, 2021. It means that Zhongtai Hunan base will continue to stop production. This holiday.
According to domestic media reports, Weimar will launch a new round of pay cuts internally to reduce expenses. 25% of employees will be paid as soon as March, and 25% of the salary will not be available to everyone. It should be noted that the 25% salary paid this time is not on the original normal salary base.
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.
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.
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.
According to print media reports such as NDTV in New Delhi, Ford Motor India reached a severance compensation agreement with workers at its factory in Tamil Nadu, India, after it announced the closure of its Indian plant last year, with each employee receiving an average salary of 62 months. According to the report, Balasu, the transformation officer of Ford India,
According to LatePost news later, many employees of Evergrande will take a paid rotation after the National Day holiday. A number of Evergrande employees told them that their department would continue to take leave until the end of October after notifying the National Day. In addition, R & D personnel who have nothing to do with Hengchi 5 and Hengchi 6 cars, most of the production staff from Shanghai and Guangzhou Nansha manufacturing base will take part in the rotation. It is understood that although Evergrande Motor announced "paid leave", a number of employees said that the salary structure of the labor contract signed with Evergrande consists of basic salary plus performance, with half on the 5th and 20th of each month. The lowest paid.
Baoneng Automobile was exposed to be in arrears with employees' wages, collect payment from dealers and do not send cars. According to China Business News, a number of Baoneng employees belonging to different departments said that since the second half of 2021, Baoneng has delayed its salary for about 12 months, and has not paid the provident fund since May 21, while social security is in arrears.
Since 2018, China's auto market has bid farewell to the era of rapid growth, entering the stock competition has caused a series of chain reactions, independent car brands have also entered a difficult time. In the process of the new energy spring tide, there are many independent brands to achieve transformation, but now the state has substantially tightened subsidies, some brands that do not fully adapt to the market, life is more difficult to sustain, facing reshuffle, unpaid wages, stop production news frequently exposed. A few days ago, according to media reports, Changfeng Cheetah has been exposed to implement measures to cut employees' wages and stop production in the factory because of serious operating losses. According to an internal meeting minute document issued on May 29, Changfeng Group.
Baiteng Motor responded that management and shareholders are actively responding to it and strive for a proper solution as soon as possible. As for the company's financial problems, Baiteng revealed that the company is still in the stage of round C financing, and the financing plan has also been delayed due to the impact of the epidemic.
According to media reports, Baiteng Motor has owed nearly four months' salary to its employees, including the level of director, involving nearly 1,000 people. Baiteng has not given a positive account so far, and there are no follow-up arrangements. It is said that Baiteng employees are planning to collectively protect their rights and ask for wages.
Today, the net exposed an internal email from a joint-stock bank asking for an internal risk investigation on the upstream and downstream industrial chains of four car companies, as the media reported that Cheetah, Zhongtai, Huatai and Lifan would enter bankruptcy proceedings by the end of the year. The joint-stock bank made it clear in the notice that "according to media reports, Cheetah, Zhongtai, Huatai and Lifan will enter bankruptcy proceedings at the end of the year, and it is expected that the industrial chain of upstream and downstream auto parts suppliers will have a total of about 50 billion yuan of bad debts." Affected by this, the bank requires that the stock of customers involved in the above four car enterprises upstream and downstream industrial chain, should be a detailed understanding of their affected situation.
Heavy! The National Development and Reform Commission plans to relax car purchase restrictions and increase license plate indicators in an all-round way
China's car sales continue to decline and the trend of car consumption is gradually declining. in such an environment, the National Development and Reform Commission is expected to guide further liberalization of the purchase restriction policy and comprehensively encourage automobile consumption. According to the online documents, the National Development and Reform Commission issued the implementation Plan for promoting the Renewal of consumption of Automobile, Home Appliances and Consumer Electronics to promote the Development of Circular economy (2019-2020), which plans to further expand the consumer market such as automobiles, promote the development of circular economy, and deepen supply-side structural reform. The document also describes in detail the specific implementation plan, and there are nine supporting regulations in the automotive field. The most important of these is the purchase restriction city.
2019-04-17 17:36:07Details
All of a sudden! A Tesla in Dongguan was suspected of getting out of control and crashed into multiple cars and destroyed the shop door.
A # Tesla suspected of getting out of control and crashing into multiple cars crashed into the store door # news quickly rushed to the hot search list of Weibo. According to electric shock news and other media reports, on March 4, a Tesla was suspected to be out of control in a traffic accident in Chigang, Humen, Dongguan, Guangdong. After crashing into a BMW, he crushed a Toyota under the car and ended up with a shop facing the street.
2023-03-04 16:56:32Details
The latest delivery list of new forces, Wei Xiaoli dropped by double digits compared with the previous month.
On August 1, the new power brands NIO, Xiaopeng, ideal, Nezha and Zero announced the latest monthly delivery results. According to the ranking of the "Tramway report", the delivery volume of mainstream new power brands was more than 10,000 in July, of which the best performance was Nashi, with 14036 cars, followed by zero-running cars.
2022-08-02 10:28:37Details
Another independent brand was born. Hanlong's first model is "domestic range Rover"?
The Zhongtai version of the "domestic range Rover" has been published for nearly two years since the real car was exposed, and there has been no news of mass production and listing. Now the car has finally been officially unveiled, but it will not be launched as the infamous Zhongtai Motors. It belongs to the new brand "Hanlong Automobile". Hubei Daye Hanlong Automobile Co., Ltd. was established in January 2016 and is headquartered in Daye City, Hubei Province, according to official data. It is a modern new energy automobile parts manufacturing enterprise integrating new energy vehicle design, development, manufacturing, sales and after-sales service. it is also a professional system of automobile engine products, spare parts supporting system products and automobile maintenance.
2019-08-29 11:29:05Details
Deadlock! Volkswagen may face mass strike
Many BMW 4S stores are running away! Fujian Consumer Council named
Chicken feathers all over the ground! A total of 570 million yuan has been executed by the giant 4S store giant group
It really looks like this! New BMW iX3 patent map exposed
Another family! Ford officials announce layoffs of 4000 people
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