Stellantis CEO Carlos Tavares has resigned after the company's share price took a 40% nosedive this year.
Stellantis reported a decline of 20% in global deliveries year-over-year in the last quarterStellantis CEO Carlos Tavares has stepped down with immediate effect, the company announced on Sunday.In its latest announcement, Stellantis cited “different views” between its board and Tavares as one of the reasons for his sudden departure.
To turn the ship around, Stellantis plans further cost cuts, including cutting around 4,000 factory and 400 white-collar jobs in the U.S. Stellantis also last week announced plans to close a van factory in the U.K. Stellantis also plans approximately 20 new product launches in the coming months, many of them in the U.S. The list includes the redesigned Dodge Charger, the Jeep Wagoneer S, and the Ram 1500 REV and 1500 Ramcharger. New generations of
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