Written by Cláudio Afonso | LinkedIn | X
Stellantis CEO Carlos Tavares resigned on Sunday, Bloomberg reported citing people familiar with the matter. The company—which owns Fiat, Jeep, and several other brands— announced in October that it had started scouting a successor to the Portuguese chief executive, who stated he planned to remain until early 2026.
Tavares is expected to officially communicate the resignation later this Sunday.
Earlier this month, Tavares announced the European Group was delaying the launch of the fully electric Ram pickup truck on the same day it launched its new STLA Frame platform, designed to support full-size trucks and SUVs in three different powertrains: gasoline, hybrid, and electric models.
Back in September, Stellantis sharply lowered its 2024 annual guidance, citing worsening “global industry dynamics” and intensified competition from China.
(Story being updated)
Written by Cláudio Afonso | LinkedIn | X
