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Stellantis CEO Tavares Resigns Amidst Declining Sales
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Stellantis, the world's fourth-largest automaker, has announced the resignation of its CEO Carlos Tavares. The decision was made by the company's board, with the resignation taking effect immediately.
Tavares is leaving behind a mess of painful layoffs and overpriced vehicles sitting on dealership lots.
The process to appoint the new permanent chief executive officer is well under way, managed by a special committee of the board, and will be concluded within the first half of 2025.
In recent weeks different views have emerged which have resulted in the board and the CEO coming to today's decision.
He was known for being able to turn around companies that were troubled.
Critics would say he was just cost-cutting too much and delaying products and also hurting quality.
sources
- 1.Le Monde
- 2.France 24
- 3.CTV News
- 4.The Times
- 5.BBC
- 6.Agence France-Presse
- 7.Automotive News
- 8.Bloomberg News
perspectives
countries
- 1.Brazil
- 2.China
- 3.Germany
- 4.France
- 5.Italy
- 6.Morocco
- 7.Netherlands
- 8.Portugal
- 9.Turkey
- 10.United States
organizations
- 1.Stellantis NV
- 2.Ram
- 3.Peugeot-Citroen
- 4.Fiat Chrysler
- 5.SEAT
- 6.Jeep
- 7.Chrysler
- 8.Citroen
- 9.Opel
- 10.Maserati
- 11.Dodge
- 12.Renault
