Stellantis CEO Carlos Tavares abruptly quits as US Jeep, Ram sales falter

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Stellantis CEO Carlos Tavares abruptly quits as US Jeep, Ram sales falter

^{Published on 2024-12-02 02:01:21 - Aaron Neefham, N@N}

Stay up to date with the latest news, trends and innovations that are driving the global automotive industry with the Reuters Auto File newsletter. Sign up here.

The article from Reuters, published on December 1, 2024, reports that Carlos Tavares, the CEO of Stellantis, has resigned from his position. According to a source familiar with the matter, Tavares' departure comes amidst a backdrop of significant changes within the automotive industry, including shifts towards electric vehicles and ongoing supply chain challenges. The article does not specify the reasons for his resignation but mentions that Stellantis, formed by the merger of PSA Group and Fiat Chrysler Automobiles, has been navigating through a complex landscape of regulatory pressures, market competition, and internal restructuring. The company has yet to announce Tavares' successor, but the board is expected to address this soon.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/autos-transportation/stellantis-ceo-carlos-tavares-resigns-source-2024-12-01/ ]

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Stellantis CEO Carlos Tavares resigns - source