CEO Alan Mulally, who has accumulated more than $300 million in Ford stock in the six years he has led the company, saw his annual compensation package trimmed from $29.5 million to $21 million in 2012. See this news and more in today’s Executive Briefing.
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+ A sprint car crashed into the pit area at Marysville Raceway Park, a quarter-mile dirt track near Sacramento, resulting in two deaths. More here at the San Francisco Chronicle.
+ Ford CEO Alan Mulally received $21 million in compensation in 2012, 29 percent less than in 2011. More here at CNN Money.
+ Toyota will recall 310,000 2007-2013 FJ Cruisers to correct a defect in the front and rear seat belt anchors. More here at Yahoo! News.
+ President Barack Obama has called on Congress to approve $2 billion in funding for advanced automotive research and development. More here at The Detroit News.
+ Kimi Raikkonnen in a Lotus-Renault won the F1 season-opening Australian Grand Prix in Melbourne. More here at the UK Guardian.
+ A Chinese consumer agency has directed Volkswagen to recall an unspecified number of vehicles equipped with direct-shift gearboxes. More here at The People’s Daily.
+ Hyundai expects its annual growth to slow this year as production reaches the automaker’s plant capacity. More here at Bloomberg.
+ Audi Sport dominated the 12 Hours of Sebring, with the R18 e-tron Quattro hybrid of Marcel Fassler, Benoit Treluyer, and Oliver Jarvis taking the overall win. More here at National Speed Sport News.
For the previous Executive Briefing from March 15, click here.
The important questions is, what kind of mileage did the winning Audi hybrid get at Sebring?
Don’t know about Sebring but at LeMans last year the claimed fuel consumption was 33.34L/100Km or 7.05 mpg.