Stellantis CEO Carlos Tavares resigns from struggling carmaker
Carlos Tavares is stepping down as Chief Executive Officer of Stellantis, effective immediately, following a sharp decline in the carmaker’s sales. As the Wall Street Journal notes, in July, the company reported that its net profit for the first half of the year had dropped by 48 percent compared to 2023.
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US dealers and unions see Tavares's exit as a step toward rebuilding trust and accountability at the embattled automaker.
The chief executive of the automaker Stellantis, Carlos Tavares, has resigned, the company said on Sunday, amid a decline in ...
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