With 58,000 fewer new vehicles sold in 2008 and a net profit nearly 90 percent lower than it was in 2007, The Independent is reporting that BMW is cutting its board member bonuses by 40 percent. In addition, the balance of its 100,000 employees are facing pay cuts. The sales slowdown will also take a bite out of salaries at all levels, as chief executive officer Dr. Norbert Reithofer, explains:
Evidently undeterred by the breakdown in negotiations to get himself into the Busch series, and ever-determined to make it into NASCAR one way or another, Jacques Villeneuve is making some fine progress in starting up his own team.
After writing my
post this morning about the attempts to get a regular gasoline engine to top 100 miles per gallon in the 1980s, current
attempts to really increase a Prius’ mpg ratio caught my eye in Mixed Power. The news of the Prius
Amberjac has been available for a while now, like in this Independent story from a month ago, but
it’s interesting to note that both of these mileage-increasing projects are about individuals who take what the
automakers produce and try to make it bett