The IRS has filed a lien against his Birmingham, Michigan home which is on the market for $3.15 million (pictures in the gallery below). He bought the six-bedroom home in June 2008 and took out a $2.2 million mortgage. Press owns four homes total including a Manhattan home which was on the market for $15.7 million but is now longer on the market and has been rented for $35,000 according to Streeteasy.com. He also owns a home in Southern California and another one in New Orleans. Press who was at Toyota for over 20 years and made it through Chrysler's bailout, is expected to leave the company at the end of this year.
MLive.com says that Press earns $2.4 million a year from Chrysler and received a $50 million compensation package when he joined the company but that package diminished when Chrysler went into bankruptcy. Press is also said to have been spending $56,000 in child and spousal support to his ex-wife.
Gallery: Jim Press in Birmingham