
Carlos Tavares is stepping down arsenic Chief Executive Officer of Stellantis, effectual immediately, pursuing a crisp diminution successful the carmakerās sales. As the Wall Street Journal notes, successful July, the institution reported that its nett net for the archetypal fractional of the twelvemonth had dropped by 48 percent compared to 2023.
The resignation comes implicit a twelvemonth earlier than Tavaresā planned status successful aboriginal 2026. In a statement, Stellantis elder autarkic manager Henri de Castries said that ādifferent views person emergedā betwixt Tavares and the Stellantis committee of directors successful caller weeks that drove the decision. A peculiar committee committee headed by Stellantis president John Elkann volition pb the institution down brands similar Vauxhall, Jeep, Fiat, Dodge,...