The recall affects roughly 123,000 vehicles globally and is due to “excessive corrosion in the power steering bolts, though only in very cold climates, particularly those that frequent use calcium or magnesium road salts."
Top executives reached an overall average of 100% of the 2017 targets set for them, which included 133% for automotive revenue, 55% for automotive operating margin, 106% for automotive operating cash flow, and 107% for quality.
One way to measure the success of a company's workforce is based on how much revenue is produced per employee...
Doug Field, senior vice president of engineering, said if the team can exceed 300 Model 3s a day it would be an “incredible victory” at a time when some investors are casting doubt on the company and shorting its stock.
The 61-year-old Flaxman joined Hewlett-Packard Co. in 1981 and rose through the ranks.