It was a good year for Sergio Marchionne, the CEO of Fiat Chrysler, who was paid $11.95 million last year in base salary and bonuses. He also received some stock in the company that he had turned around and noncash compensation such as insurance premiums. But that is less than GM and Ford paid their leaders. Marchionne has announced he will retire in April of next year and his successor is expected to come from within the company.
Porsche set a new lap record for street legal sports cars on the 12.8 mile Nürburgring-Nordschleife with the 2018 911 GT2 RS. The best lap time of 6:47.3 minutes even surpassed internal expectations. “This result makes it official: The GT2 RS is not only the most powerful, but also the fastest 911 model ever built,” said Porsche.
The heart of the high-performance sports car is a twin turbo flat-six engine producing 700 horsepower. This enables the two seater weighing 3,241 pounds to accelerate from 0 to 60 miles per hour in 2.7 seconds. The top track speed of the rear-wheel drive Coupé is 211 miles per hour.
(Where are those Powerball tickets?)
The national gas price average has been steadily decreasing for nearly two weeks dropping from the year-to-date high of $2.61 (on February 5) to today’s national average of $2.53, said AAA. Motorists in nearly every state are paying less on the week with Midwest and Southern states seeing the largest price drops at the pump.
Today’s national gas price average is 4 cents less than one week ago, 1 cent more than a month ago, but 25 cents more than a year ago.