Stellantis CEO Tavares in Paris spotlight over North American crisis

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PARIS: Carlos Tavares’ packed schedule of public events at the Paris auto show signals the Stellantis chief executive officer (CEO) will come out fighting after a massive profit warning in late September, even after announcing his retirement date.

But Stellantis shares resumed their slide last Friday as news of his exit when his contract expires in 2026.

In downturns going back to the early 1980s when Lee Iacocca turned Chrysler around, the company that is now Stellantis has often been the first of the Detroit Big Three to suffer, with lower-cost products and more price-sensitive customers.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaFranceSingaporeUnited States

Topics: /Business/Business News Auto Stellantis Carlos Tavares

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-15 @ 00:00:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 637 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © The Star

News ID: 23059140

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