Thursday, April 2, 2020

Daimler cuts pay for CEO, top executives; secures $13 billion loan facility

CEO Ola Kallenius and members of Daimler's management board will take temporary 20 percent compensation cuts while high-level executives will see a 10 percent reduction. The automaker also signed an agreement for a $13 billion credit line to increase financial flexibility during the coronavirus crisis.



from Section Page News - Automotive News https://ift.tt/39BfMJE

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