What we're reading this morning about GMC's newest bling, Fiat CEO's payday and international lobbying against sweet home Alabama:
GMC unveils Terrain Denali [GM] This year, GMC will put a new top-end version of the Terrain SUV on sale with the brand's traditionally confusing Denali label, and replace the aging 3-liter V6 with the newer corporate 3.6-liter V6 good for 301 hp but similar fuel economy. (There's still a 2.4-liter four for those who like to stay safely below speed limits at all times). The Denali gets all the chrome GMC can slather on a vehicle, and doesn't do much for the SUV looks while bumping the price. I'm sure it will sell like the devil.
Fiat CEO Marchionne paid $19 million for 2011 [Bloomberg] Fiat CEO Sergio Marchionne doesn't just run Chrysler as well; he's also CEO of Fiat Industrial, the tractor-buiding business. The Italian car side paid him a total of $19 million last year, mostly in stock, and Marchionne doesn't receive a salary from Chrysler. As far as CEOs go, it's probably a steal — considering Ford will pay Alan Mulally at least twice that this year.
Chrysler to build smaller Pentastar engine [Automotive News] Among the decisions Marchionne makes for free at Chrysler is the call to build a smaller edition of the 3.6-liter Pentastar V6 that's used across the company. The reason? Chrysler's shift toward 8-speed and 9-speed automatic transmissions means it can use a smaller standard engine for fuel economy savings.
Civil rights groups lobby Hyundai, Honda to overturn Alabama immigration law [Detroit Free Press] Even though parts of Alabama's controversial immigration law have been blocked in court, the state still requires papers for anyone whom a police officer thinks looks foreign — which has led to confrontations with employees of the foreign automakers with plants in the state. A coalition of labor and civil rights groups now want those automakers to help overturn the law.