Stellantis CEO Carlos Tavares resigns from struggling carmaker

Stellanis is the genitor institution down galore brands and vehicles, including the Dodge Charger Daytona EV (pictured). | Image: Stellantis

Carlos Tavares is stepping down arsenic Chief Executive Officer of Stellantis, effectual immediately, pursuing a crisp diminution successful the carmaker’s 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 Tavares’ planned status successful aboriginal 2026. In a statement, Stellantis elder autarkic manager Henri de Castries said that “different views person emerged” 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,...

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