/ Dealers have criticized the automaker for not releasing affordable vehicles, leading to a drop in sales. By Jess Weatherbed, a news writer focused on creative industries, computing, and internet culture. Jess started her career at TechRadar, covering news and hardware reviews. Share this story Stellanis is the parent company behind many brands and vehicles,… Continue reading Stellantis CEO Carlos Tavares resigns from struggling carmaker
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STELLANTIS. Resignation of Carlos Tavares: “he went from Messiah to banned”, “he was the most hated boss”
Stellantis announced on Sunday December 1, 2024 the resignation “with immediate effect” of Carlos Tavares, boss of the automobile group, whose successor will be appointed in the first half of 2025. Disagreements accelerated his departure. Reactions in Sochaux and Vesoul, two of the group’s French factories. The essentials of the day: our exclusive selection Every… Continue reading STELLANTIS. Resignation of Carlos Tavares: “he went from Messiah to banned”, “he was the most hated boss”
Europe’s embattled auto sector plans plant closures and layoffs
A slew of automotive companies have recently announced plant closures and big layoffs in Europe as they struggle with weak demand, high production costs, competition from Chinese rivals and slower-than-expected electric vehicle transition. Below are some of the companies which flagged layoffs and site closures announced in recent months: VALEO: French car parts supplier will… Continue reading Europe’s embattled auto sector plans plant closures and layoffs
Stellantis falls 7% in Paris after CEO Tavares resigns
“This sets an unprecedented challenge for investors looking to invest in a firm with such volatility in the management team,” JPMorgan said in a note referring to earlier resignation of Stellantis’ finance chief. Paris-listed shares in Stellantis slumped by over 7% on Monday after chief executive Carlos Tavares resigned abruptly on Sunday. Stellantis said it… Continue reading Stellantis falls 7% in Paris after CEO Tavares resigns
German Handelsblatt: Opel parent: “Increasingly isolated” – What’s behind the resignation of Stellantis boss Tavares010197
At the head of the second largest car company in Europe, Tavares ensured dream returns for a long time. Now he is experiencing a hard fall. The departure of the Stellantis boss had become apparent. Go to Source
German Handelsblatt: Car manufacturer: Opel cuts production – only one shift in Rüsselsheim010195
The Hessian car manufacturer is suffering from a decline in sales in Europe. Now a model that previously worked well is apparently weakening. Go to Source
German Handelsblatt: Opel parent: “Increasingly isolated” – What’s behind the resignation of Stellantis boss Tavares010195
At the head of the second largest car company in Europe, Tavares ensured dream returns for a long time. Now he is experiencing a hard fall. The departure of the Stellantis boss had become apparent. Go to Source
Stellantis chief executive Carlos Tavares resigns as carmaker struggles
Carlos Tavares came under strong criticism earlier this year after Stellantis issued a profit warning on its 2024 results. Photograph: Michel Euler/AP View image in fullscreen Carlos Tavares came under strong criticism earlier this year after Stellantis issued a profit warning on its 2024 results. Photograph: Michel Euler/AP Stellantis chief executive Carlos Tavares resigns as… Continue reading Stellantis chief executive Carlos Tavares resigns as carmaker struggles
German Manager Magazine: Stellantis: CEO Carlos Tavares resigns with immediate effect003791
The boss of the crisis Opel-Mother Stellantis, Carlos Tavares (66), has resigned. The board of directors accepted a corresponding offer from the manager to withdraw immediately, said the fourth-largest company in terms of sales Car manufacturer the world on Sunday evening, confirming information from the Reuters news agency. A new boss should now be found… Continue reading German Manager Magazine: Stellantis: CEO Carlos Tavares resigns with immediate effect003791
German Handelsblatt: Car manufacturer: Opel cuts production – only one shift in Rüsselsheim010193
The Hessian car manufacturer is suffering from a decline in sales in Europe. Now a model that previously worked well is apparently weakening. Go to Source