'Radical targets toppled former CEO Carlos Tavares at Stellantis'

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'Radical targets toppled former CEO Carlos Tavares at Stellantis' - Business Standard

Quick Summary:

Stellantis is now searching for a new chief executive with a daunting to-do list: stabilise a global company with 14 brands, bloated U.S.inventories and falling U.S.and European market share - all while facing surging Chinese EV rivals, tough new European emissions standards and disruptive electric vehicle and trade policies championed by U.S.president-elect Donald Trump.

But in November, board members felt compelled to confront Tavares, one of the sources said."Something had to be done," the person said.

Now those and other issues were causing angst across the sprawling company, as Tavares tangled with dealers, unions, suppliers and governments — and now board members.