Carlos Tavares has been ousted as CEO of Stellantis after a decade at the helm, facing pressure from the board due to strategic differences. Tavares, who previously revitalized Peugeot and led the merger with Fiat Chrysler, leaves behind a company experiencing challenges in the automotive market. His controversial compensation package and methods have drawn scrutiny, and labor unions welcomed his departure, citing his role in significant job cuts. Stellantis is now navigating a downturn and has revised its financial goals for the upcoming year.

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