Reported 2 days ago
Stellantis experienced a significant drop in shares, falling as much as 8.9% to a two-year low, after CEO Carlos Tavares unexpectedly resigned. This change has heightened investor concerns regarding the automaker's recovery strategies amidst rising competition and declining U.S. sales. As Stellantis navigates these challenges, it plans to appoint a new CEO by mid-2025 and establish an interim executive committee, raising fundamental questions about the company's future and management stability.
Source: YAHOO