The chief executive of the automaker Stellantis, Carlos Tavares, has resigned, the company said on Sunday, amid a decline in profits and slumping sales in its key North America region. Mr. Tavares, 66, spearheaded the creation of the company in a 2021 merger of Fiat Chrysler Automobiles and France’s Peugeot. The company is one of… Continue reading Carlos Tavares, Stellantis CEO, Resigns
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Norway breaks another EV record, nearly completing its EV transition
Photo by Maryan Ivasyk on Unsplash More good news from EV mecca Norway, with November numbers showing more than 10,000 EVs were newly registered, bringing its tally to a truly impressive 93.6% of all new car registrations, showing that its EV transition is almost complete. November saw 10,940 new EV registrations, with EVs pretty much… Continue reading Norway breaks another EV record, nearly completing its EV transition
Stellantis CEO Carlos Tavares resigns amid problems in U.S., falling sales
watch now DETROIT — Stellantis CEO Carlos Tavares has unexpectedly resigned from the automaker amid increasingly “different views” between the executive and the board of directors, the company said Sunday. The world’s fourth-largest carmaker said its board accepted Tavares’ resignation on Sunday. His departure is effective immediately. Jeep-maker Stellantis said that its process to appoint… Continue reading Stellantis CEO Carlos Tavares resigns amid problems in U.S., falling sales
Why Stellantis’ chief executive Carlos Tavares was axed
Standard Digital $39 per month Get essential digital access to quality FT journalism on any device. Pay a year upfront and save 20% What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT… Continue reading Why Stellantis’ chief executive Carlos Tavares was axed
German FAZ: Production suspended at Opel in Rüsselsheim008290
Mohamed doesn’t seem to be really sad about the resignation of Stellantis boss Carlos Tavares. Maybe things would go better with a different manager at the helm of the Opel parent company, says the young man who comes to work on Monday afternoon from the Rüsselsheim Opelwerk S-Bahn station. The fact that production in Rüsselsheim… Continue reading German FAZ: Production suspended at Opel in Rüsselsheim008290
German FAZ: Darwinistic Competition008289
The selection process in the auto industry is progressing. Now it hits Carlos Tavares, who was CEO of the Stellantis Group until Sunday and therefore the master of Opel, Fiat and twelve other brands. He was shown the door with immediate effect. This means that Europe’s auto industry is losing one of its most prominent… Continue reading German FAZ: Darwinistic Competition008289
German FAZ: There is no way around cuts in the VW Group008288
The crisis is worsening in the automotive industry. Many factories are underutilized and hundreds of thousands of employees fear for their jobs. The American manufacturer Ford has just announced that it will cut 4,000 jobs in Europe, many of them at the factory in Cologne. The mass manufacturer Stellantis is also under pressure. Opel, one… Continue reading German FAZ: There is no way around cuts in the VW Group008288
German FAZ: What’s behind Tavares’ expulsion008288
The divergences had become too great. With immediate effect, the board of directors of the car manufacturer Stellantis accepted the resignation of Carlos Tavares as CEO on Sunday. The press release from the parent company of brands such as Peugeot, Fiat and Opel is brief, but its tone is unmistakable. In the past few weeks,… Continue reading German FAZ: What’s behind Tavares’ expulsion008288
German FAZ: Darwinistic Competition008290
The selection process in the auto industry is progressing. Now it hits Carlos Tavares, who was CEO of the Stellantis Group until Sunday and therefore the master of Opel, Fiat and twelve other brands. He was shown the door with immediate effect. This means that Europe’s auto industry is losing one of its most prominent… Continue reading German FAZ: Darwinistic Competition008290
German FAZ: There is no way around cuts in the VW Group008288
The crisis is worsening in the automotive industry. Many factories are underutilized and hundreds of thousands of employees fear for their jobs. The American manufacturer Ford has just announced that it will cut 4,000 jobs in Europe, many of them at the factory in Cologne. The mass manufacturer Stellantis is also under pressure. Opel, one… Continue reading German FAZ: There is no way around cuts in the VW Group008288