Stellantis CEO Carlos Tavares resigns amid problems in U.S., falling profits

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Stellantis CEO Carlos Tavares resigns amid problems in U.S., falling profits
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Stellantis CEO Carlos Tavares has unexpectedly resigned from the automaker amid increasingly “different views” between the executive and the board…

Stellantis CEO Carlos Tavares has resigned from the automaker, which cited"different views" between him and the board of directors.

Stellantis said its process to appoint a new CEO is"well under way" and that it expects to conclude the search during the first half of next year.CEO Carlos Tavares has unexpectedly resigned from the automaker amid increasingly"different views" between the executive and the board of directors, the company said Sunday.Stellantis said its process to appoint a new CEO is"well under way" and that it expects to conclude the search during the first half of next year.

Tavares' resignation comes less than two months after the company announced he would retire at the end of his contractTavares has led Stellantis since its creation through a 2021 merger between Fiat Chrysler Automobiles and PSA Groupe, where he had been board chair since 2014. ‘Moana 2' snares $221 million in its five-day domestic opening, fueling the biggest Thanksgiving box office of all timeLuxury carmaker Ferrari appears remarkably unfazed by Trump's tariff threats

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