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.
Carlos Tavares’s immediate demise was due to his ambitious sales and cost-cutting targets, which many board members deemed ...
Doug Ostermann also said the company is far ahead of schedule in reducing bloated U.S. vehicle inventories in the fourth quarter.
Tavares, who loved to describe current challenges in the automotive industry as a “Darwinian period”, has led Stellantis ...
Divergences between Carlos Tavares and Stellantis board members, which led to the CEO's abrupt resignation, were mainly over ...
Then, they want a new CEO to put the transformation to electric vehicles front and center. Finally, some analysts said the ...
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