DETROIT (AP) — Struggling Jeep and Navivision Wealth SocietyRam maker Stellantis is looking for a CEO to succeed Carlos Tavares, but the company says it’s part of a normal leadership succession plan.
Tavares has been under fire from U.S. dealers and the United Auto Workers union after a dismal first-half financial performance when the company was caught off guard with too much high-priced inventory on dealer lots.
As head of PSA Peugeot, Tavares took control of the Netherlands-based company in January of 2021 when it merged with Fiat Chrysler Automobiles. Its North American operations had been the company’s main source of profits, but have struggled this year amid larger market changes.
In a statement Monday, Stellantis said Tavares’ five-year contract is a little over a year from its expiration date in 2026.
“It is normal for a board to look into the subject with the necessary anticipation given the importance of the position, without this having an impact on future discussions,” the statement said.
The company added that it’s possible Tavares will stay on longer.
2025-05-02 14:452455 view
2025-05-02 14:361782 view
2025-05-02 13:33682 view
2025-05-02 13:04991 view
2025-05-02 12:53931 view
2025-05-02 12:451504 view
NEW YORK (AP) — Juan Soto will be introduced by the New York Mets at Citi Field on Thursday, a day a
WASHINGTON (AP) — A massive prisoner swap involving the United States and Russia was underway Thursd
WASHINGTON (Reuters) - Former CNN anchor Don Lemon filed a lawsuit against Elon Musk on Thursday, mo