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Filed under: Mercedes-Benz

Daimler

January 29 is a big date in the history of Daimler. On that fateful day back in 1886, Carl Benz filed his patent for the world’s first automobile powered by an internal combustion engine. Thus, January 29 a date worth celebrating, and Daimler management seems to agree.

The Detroit News reports that Daimler will pay out 125 million euros ($170 million in United States currency) in bonus money to the company’s 260,000 employees. Split evenly, our math tells us that workers stand to gain about €480 (about $659) each, provided that the employee has been with the company for at least one year. Other reports, however, have stated that each person’s bonus could be as high as €1,000, or about $1,360 based on current exchange rates.

Regardless of the exact dollar figure, Daimler workers will indeed be happy to receive an extra bonus this year. What’s more, Daimler has reportedly worked out a deal with its employee council to shell out 3,125 euros ($4,315 USD) in bonus money for a successful 2010, so this year’s bonus earnings could be even higher.

[Source: The Detroit News | Image: Torsten Silz/AFP/Getty Images]

Daimler paying all 260,000 employees a 125th anniversary bonus originally appeared on Autoblog on Fri, 28 Jan 2011 14:32:00 EST. Please see our terms for use of feeds.

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Filed under: Motorsports, Earnings/Financials

Winning the Formula One World Championship may be motivation enough. But as an added reward, Red Bull chief Dietrich Mateschitz is reportedly giving each of his employees at Red Bull Racing a big fat bonus for having taken home both titles this year.

According to reports, each of the 500+ staff members at the team’s headquarters in Milton Keynes, England, will receive at least £10,000 (~$16k), but that’s just the tip of the proverbial iceberg. Some senior staff members stand to rake in up to £42k ($67k), while Sebastian Vettel – the driver who took home the top prize – is expected to get €3 million, equivalent to over $4 million in American terms.

With Mateschitz many times over a billionaire and the team waiting for nearly $100 million in purse winnings for the titles, the team can easily afford the bonuses, and are certainly most deserving.

[Source: PistonHeads | Image: Vladimir Rys/Getty]

Red Bull reportedly cutting employees fat bonus checks for winning world championships originally appeared on Autoblog on Wed, 24 Nov 2010 17:32:00 EST. Please see our terms for use of feeds.

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