Stellantis CEO Carlos Tavares resigns from struggling carmaker
Carlos Tavares is stepping down as Chief Executive Officer of Stellantis, effective immediately, following a sharp decline in the carmaker’s sales. As the Wall Street Journal notes, in July, the company reported that its net profit for the first half of the year had dropped by 48 percent compared to 2023.
Tavares, who loved to describe current challenges in the automotive industry as a “Darwinian period”, has led Stellantis ...
John Elkann, 48, is heir to the illustrious Agnelli family, the closest thing Italy has to royalty and often compared to the ...
Stellantis last week placed more than 1,000 jobs at risk after announcing plans to close its manufacturing facility in Luton.
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