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Stellantis CEO resigns as carmaker continues to struggle with slumping sales
- Stellantis CEO Carlos Tavares has resigned effective immediately, as stated by the company's Board of Directors on December 1, 2024.
- The resignation follows a significant drop in Stellantis’ sales, leading to unsold vehicles and layoffs, according to reports.
- Stellantis reported net revenues of 33 billion euros from July to September 2024, down from 45 billion euros in the prior year.
449 Articles
449 Articles
Carlos Tavares has resigned as CEO of Stellantis. Filling the void in his absence is an interim executive committee chaired by John Elkann, according to Stellantis. And the company says it will appoint a new chief executive in the first half of 2025. The former Stellantis boss was set to retire at the end of his contract in 2026. While the reason for his sudden resignation is shrouded in speculation , it may be, at least in part, due to the co…
Washington, Dec 2 (EFE).- The U.S. union United Auto Workers (UAW) applauded Carlos Tavares’ resignation as CEO of the Stellantis group on Monday and called it “a big step in the right direction.” UAW president Shawn Fein stated in a statement that this resignation “is a big step in the right direction for a company that has been mismanaged and for a labor force that has been mistreated for too long.” “Tavares is leaving a chaos of painful layof…
Stellantis CEO Carlos Tavares clashed with board before quitting as shares tumble
Outgoing CEO Carlos Tavares clashed with Stellantis' board over his plans to quickly turn around the ailing US business by cutting costs, rather than focusing on long-term strategy, investors and bankers familiar with the matter said on Monday.
The struggling Opel parent company is under pressure like many other car manufacturers. Stellantis CEO Carlos Tavares has now resigned - more than a year before his contract expires.
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