A new report sheds light on the tensions at Stellantis that led to its CEO, Carlos Tavares, resigning this week.
. This statement came just two months after Stellantis indicated that Tavares would remain CEO until 2026, when his current contract was set to expire.detailed some of the tensions at Stellantis that led to Tavares' departure.
According to the sources, Tavares failed to heed feedback from U.S. managers—representing Stellantis' most profitable market and the one most affected by declining sales. Instead, he reportedlywhile pushing to increase margins, which alienated suppliers, factory workers, and dealers, and ultimately turned customers away.The sources also claimed that Tavares’ focus on electric vehicles came at the expense of more affordable, lower-margin gas-powered models and the.
"Everybody wanted to keep ," one source said, adding that Tavares remained adamant about phasing the engines out. Currently, Stellantis' only light vehicles offering a V-8 are the Dodge Durango and Jeep Wrangler. With Tavares out, Stellantis is working to steady its operations. The company this week announced the, previously led Dodge and Ram and has been brought back to lead Ram.for Tavares, a process the company expects to conclude by the first half of 2025. In the meantime, Stellantis will be managed by an interim executive team led by Chairman John Elkann, a member of the Agnelli family, whose Exor holding company owns roughly 14.4% of Stellantis.
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