Opinion
Commentary: Stellantis CEO Carlos Tavares Is Gone
CEO Carlos Tavares has stepped down from his position. In a Stellantis press release, the company said the Board of Directors accepted Tavares resignation, adding "in recent weeks different views have emerged which have resulted in the Board and the CEO coming to today's decision.
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.
The global automaker’s sales in North America declined over the past year because of high-cost models that dealers struggled ...
Stellantis' next CEO faces a mountain of challenges, including overpriced vehicles with little demand, EVs arriving as the ...
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