FCA's Marchionne Made $12 Million in 2017

Plus IndyCar's safety team and a Model 3 auction.

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Welcome to The Grid, R&T's quick roundup of the auto industry and motorsports news you should know this morning.


Marchionne's Money

In April, 2019, Sergio Marchionne, the sweater wearing CEO of Fiat-Chrysler, plans to retire. It marks the end of his five year business plan. Now, FCA has announced his compensation for 2017, and . Along with that, Marchionne was awarded 2.79 million shares of FCA stock, worth a whopping $36 million.

That $12 million might sound like a lot, but it's actually considerably less than other Detroit execs have made. GM and Ford haven't released 2017 salaries yet, but in 2016 GM paid Mary Barra $22.6 million and Ford paid former CEO Mark Fields $22.1 million.

Holmatro Is Back

IndyCar's safety team is the best in all of motorsports. The traveling team goes to every race on the schedule, and is known for its quick reactions that have saved innumerable lives.

The team is sponsored by Holmatro, which with the organization. It's good to see them stay.

Model 3 Auction

Can't get a Tesla Model 3 for a year or two? Want one right now? Here's your chance.

Elon Musk's brother, Kimbal, is going to . The proceeds from his Model 3, the sixth ever built, will go to Big Green, a charity he runs which builds gardens to produce healthy food at city schools.

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