Reported 2 days ago
Stellantis NV is grappling with uncertainty following the unexpected departure of CEO Carlos Tavares, which has led to a drop in share prices and concerns over the company's direction amidst declining sales and increasing competition, particularly from Chinese manufacturers. The company's chairman, John Elkann, is set to lead an interim committee until a new CEO is appointed, but analysts warn that this leadership void comes at a critical time for Stellantis as it seeks to stabilize its U.S. market presence and address overcapacity issues in Europe.
Source: YAHOO