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…
Shares of Stellantis, the Franco-Italian-American automaker, fell significantly on December 2 after the resignation of CEO Carlos Tavares. The stock dropped as much as 8.71% in early trading, reflecting broader struggles in the automotive sector, including declines in shares for…
Carlos Tavares has resigned as CEO of Stellantis following pressure from the board, triggering reactions from employees. Union representative Jean-Pierre Mercier asserts that despite the leadership change, job cuts and factory closures are expected to continue, particularly with upcoming closures…
Carlos Tavares has resigned as the CEO of Stellantis effective immediately, following pressure from the board amid concerns over his management style. His departure includes a substantial compensation package estimated in the tens of millions of euros. Tavares was the…
Carlos Tavares, the CEO of Stellantis, has resigned unexpectedly amid a significant decline in the company’s sales and stock price, which has dropped by 40% this year. His departure comes as Stellantis faces scrutiny over plans to close its Vauxhall…
Carlos Tavares has resigned as CEO of Stellantis, the parent company of Opel, effective immediately. The multinational automaker cited differences in opinion as the reason for his departure. Stellantis is now seeking a successor and plans to complete the search…
Carlos Tavares, the CEO of Stellantis, has resigned unexpectedly, prompting discussions about the company’s future. His departure comes after a significant decline in sales and profits, with Stellantis’ share price dropping by 40% this year. Recently, the company announced plans…
Stellantis has officially confirmed the departure of CEO Carlos Tavares, whose tenure was initially set to last until 2026. A new executive committee, led by John Elkann, will guide the company until a permanent successor is named, expected by mid-2025….
Carlos Tavares has resigned as CEO of Stellantis, the automotive company based in Amsterdam, known for brands like Opel and Jeep. His departure comes due to differences in opinion among shareholders and the board amid disappointing financial results this year,…
Carlos Tavares has resigned as CEO of Stellantis, with his departure effective immediately as announced by the company’s board of directors, led by John Elkann. This decision follows weeks of disagreement within the board. Stellantis plans to appoint a successor…
UK Transport Secretary Louise Haigh has affirmed that the electric vehicle (EV) sales mandate will not be weakened despite pressures from automotive manufacturers facing decreased demand. Upcoming talks involving several government ministers and carmakers will explore the industry’s challenges, with…
