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Macron and Le Pen decry 'shocking' Stellantis CEO pay

PARIS — French President Emmanuel Macron and his far-right challenger in the French presidential vote, Marine Le Pen, on Friday both decried as “shocking” the multimillion euro payout to the CEO of carmaker Stellantis. Stellantis CEO Carlos TavaresÂ’ remuneration package of 19.15 million euros just a year after the company was formed became an issue as Macron and Le Pen campaigned ahead of the April 24 runoff vote. Polls show purchasing power and inflation are a top voter concern. Stellantis was formed last year through the merger of PSA Peugeot and Fiat Chrysler Automobiles. Centrist President Emmanuel Macron, perceived by many voters as being too pro-business, called the pay package “astronomical” and pushed for a Europe-wide effort to set ceilings on “abusive” executive pay. “ItÂ’s shocking, itÂ’s excessive,” he said Friday on broadcaster France-Info. “People canÂ’t have problems with purchasing power, difficulties, the anguish theyÂ’re living with, and see these sums. Otherwise, society will explode.” Far-right leader Marine Le Pen, who enjoys support from many working-class voters, called for bringing in more workers as shareholders. “Of course itÂ’s shocking, and itÂ’s even more shocking when it is the CEOs who have pushed their society into difficulty,” she said Friday on BFM television. “One of the ways to diminish this pay, which is often out of proportion with economic life, is perhaps to allow workers in as shareholders.” Stellantis continued to back the package despite a 52.1% to 47.9% vote rejecting it at an annual shareholders' meeting chaired from the Netherlands, where the company is legally based, on Wednesday. The company, citing Dutch civil code, noted that the vote is advisory and not binding. The company later said in a statement that it took note of the vote, and will explain in an upcoming 2022 remuneration report “how this vote has been taken into account.” In the 2021 report, the company identified peer group companies that it used as a salary benchmark, including U.S. companies like Boeing, Exxon Mobile, General Electric as well as carmakers Ford and General Motors. Stellantis, whose brands include Peugeot, Fiat, Jeep, Opel and Maserati, reported net profits last year had tripled to 13.4 billion euros ($15.2 billion). The French government is the third-largest shareholder in Stellantis, with a 6.15% stake through the Bpifrance Participations S.A. French public investment bank.

FCA is setting a five-year strategy: Here's how the last one played out

We're slightly more than four years removed from Sergio Marchionne last five-year plan for FCA, a tell-all where the Italian-American automaker divulged its plans for the 2014 through 2018 model years. It was a grand affair, where Sergio told FCA investors that all was right in Auburn Hills, Alfa Romeo and Maserati were making comebacks, and the fifth-gen Dodge Viper received a mid-cycle refresh. You can read every last one of those past predictions right here. We're on our way to Europe to see Sergio's sequel, coming out Friday straight from FCA's Italian headquarters. (Bloomberg reports a plan to expand Jeep and Ram globally, combine Alfa Romeo and Maserati into a single division for an eventual spinoff, and downsizing Fiat and Chrysler. Also, EVs.) But before we arrive in Italy and find out exactly what Marchionne has planned for 2019 through 2023 as his last act as CEO, let's take a minute to tally up the results of his last term based on the same scoresheet we used in 2014. Now, we're only five months into 2018, so much of this — including vehicles like the Ram HD and Jeep Grand Wagoneer — could still debut this year. For those, we'll mark things TBD. We're not going to draw any conclusions or make any objectionable remarks. We're simply going to let the stats speak for themselves.

Maserati Levante, Ghibli and Quattroporte get Edizione Nobile limited edition models

Maserati has a new special-edition package for its 2019 vehicles it calls the Edizione Nobile , or Noble Edition. The Levante, Ghibli and Quattroporte (not the GranTurismo) are all going to get in on the Noble fun, with 50 of each being built. Why Maserati decided to go with the Noble Edition name isn't exactly explained beyond the name of the paint being Blu Nobile. Each Maserati gets that handsome blue paint plus 20-inch alloy wheels and silver brake calipers to set them apart from their non-noble (peasant?) siblings. We'll note that this package is available on top of the GranLusso trim level for each of the cars. Inside, you'll get the sport seats from the GranSport covered in a black/brown color combination. The Quattroporte and Ghibli cabins use glossy wood for their cabin trim while the Levante uses a high-gloss metal. An Edizione Nobile badge is displayed on the center console with the car's series number next to it. There aren't any exclusive features beyond the appearance of the Edizione Nobile, but a few options are made standard. Those include the Alcantara headliner, Bowers & Wilkins audio system and Maserati's Level 2 driver assistance package. Maserati says Edizione Nobile models will be delivered to dealerships sometime this month. Just add $7,500 on top of the GranLusso trim for each model, and you've got your price. This means a Levante S GranLusso would go from its $91,980 starting price, to $99,480 with the Edizione Nobile package. These models don't really differ much from your run-of-the-mill Maseratis. However, if noble vehicles are your thing, Maserati has 150 of them waiting. Related video: