Stellantis CEO Carlos Tavares resigns from struggling carmaker
Carlos Tavares is stepping down as Chief Executive Officer of Stellantis, effective immediately, following a sharp decline in the carmaker’s sales. As the Wall Street Journal notes, in July, the company reported that its net profit for the first half of the year had dropped by 48 percent compared to 2023.
US dealers and unions see Tavares's exit as a step toward rebuilding trust and accountability at the embattled automaker.
Doug Ostermann also said the company is far ahead of schedule in reducing bloated U.S. vehicle inventories in the fourth quarter.
Divergences between Carlos Tavares and Stellantis board members, which led to the CEO's abrupt resignation, were mainly over ...
Stellantis' next CEO faces a mountain of challenges, including overpriced vehicles with little demand, EVs arriving as the ...
Results that may be inaccessible to you are currently showing.
Hide inaccessible results
Feedback