Reported 3 days ago
Carlos Tavares has resigned as CEO of Stellantis after four years at the helm, as the automaker continues to struggle with declining sales and profitability. The company, which includes brands like Jeep and Citroën, has faced significant revenue drops and challenges, including high vehicle prices leading to unsold inventory. Tavares' departure comes after criticism from dealers and labor unions, with the United Auto Workers union welcoming the news as a sign of needed change amid ongoing tensions.
Source: YAHOO