Stellantis CEO Carlos Tavares Resigns Amid Strategic Dispute and Sales Slump
TL;DR Summary
Stellantis CEO Carlos Tavares has resigned amid declining sales and revenue, with the company reporting a 27% drop in net revenues for the third quarter. Tavares, who led the company since its merger with Fiat Chrysler in 2021, faced criticism from U.S. dealers and the United Auto Workers union due to poor financial performance. An interim executive committee, led by chairman John Elkann, will manage the company while a new CEO is appointed.
Topics:top-news#automotive-industry#business#carlos-tavares#ceo-resignation#sales-decline#stellantis
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