Tag: Pension Fund


Musk, Tesla board sued by Detroit pension fund for ‘unrelenting avarice’

June 18, 2020

Via: Automotive News

Tesla Inc. directors, including Elon Musk, awarded themselves massive compensation packages over a three-year period that improperly siphoned hundreds of millions of dollars out of the electric-car maker’s coffers, a Detroit pension fund invested in the company alleges. The directors […]

Industry Focus Areas, Motorized Vehicle

Ford Falls into Red with Losses Overseas and on Pension Fund

January 24, 2019

Via: Industry Week

Ford Motor Co. (IW 500/3) descended into the red in the final three months of 2018, dragged down by deeper deficits overseas and a loss on its pension fund. The automaker reported a net loss of $116 million for the […]