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Stellantis CEO Tavares to resign

Hosted on MSN · 41m

Stellantis CEO Carlos Tavares resigns abruptly after company struggles for months

Carlos Tavares, who had been under fire and was expected to leave at the end of his contract, resigned abruptly on Sunday.

Reuters on MSN · 1h

Stellantis drops as CEO Tavares quits, sparking fresh uncertainty

The abrupt resignation of Stellantis CEO Carlos Tavares sent shares in the world's No. 4 carmaker to more than two-year lows on Monday as investors questioned its turn-around plans. Tavares' exit leaves a void at the top of the company as management scrambles to address overcapacity and bloated inventory in the U.

Stellantis CEO Carlos Tavares steps down as carmaker continues struggle with slumping sales

Stellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the automaker, which owns car brands like Jeep, Citroen and Ram, amid an ongoing struggle with slumping sales.

Stellantis Shares Dive 8% After Tavares Leaves

(Photo by National Motor ... [+] Museum/Heritage Images via Getty Images) Stellantis shares dropped just over 8% in Europe ...

5h

Seeking higher margins, Stellantis CEO Tavares lost some core customers

When 24-year-old Elena Aragon set out to buy a new car, she reviewed a range of no-frills brands in her home town of Cadiz, ...

2h

Wall Street Breakfast Podcast: Tavares Exits As Stellantis Sales Slump

Stellantis CEO Carlos Tavares resigns amid sales slump. Fidelity marks up value of its stake in Elon Musk's X by 32%: report.

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