Stellantis CEO Carlos Tavares abruptly quits as US Jeep, Ram sales falter

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The Straits Times 3d ago

Stellantis CEO Carlos Tavares abruptly quits as US Jeep, Ram sales falter - The Straits Times

Quick Summary:

In America, the United Auto Workers union threatened a nationwide walkout, alleging Stellantis failed to keep the commitments it made in a contract finalised in 2023.

The warning triggered a wide reshuffle of the group’s top management, including changes of its chief financial officer and of its head of North American operations, but initially spared Mr Tavares.

Mr Tavares has led Stellantis since its creation in early 2021 through the merger of Fiat Chrysler and Peugeot owner PSA.