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”
Tag: FCA
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
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
Resignation of Carlos Tavares. “We are asked to make efforts, he risks leaving with millions”, bitter employees
The boss of the Franco-Italian-American automobile group Stellantis was forced to resign with immediate effect, under pressure from the exceptional board of directors meeting on Sunday evening. Near Rennes, on the Janais site, currently closed for lack of parts, the employees are bitter. The essentials of the day: our exclusive selection Every day, our editorial… Continue reading Resignation of Carlos Tavares. “We are asked to make efforts, he risks leaving with millions”, bitter employees
“No employee will regret it”: the resignation of Carlos Tavares does not convince the unions at Stellantis
Iconic CEO of Stellantis, Carlos Tavares resigned from his position on December 1. Less than 24 hours after this announcement, the CGT is not mourning his departure. It takes stock of a mandate in the hands of shareholders. Company From daily life to major issues, discover the subjects that make up local society, such as… Continue reading “No employee will regret it”: the resignation of Carlos Tavares does not convince the unions at Stellantis
Stellantis CEO abruptly steps down: Report
Stellantis CEO Carlos Tavares suddenly resigned on Sunday, Reuters reported. The company said it would find a replacement CEO in the first half of next year. Senior Independent Director Henri de Castries said in a statement that divergent views cropped up in recent weeks among major shareholders, the board and Tavares resulting in the CEO’s resignation,… Continue reading Stellantis CEO abruptly steps down: Report
German FAZ: Verstappen wins thanks to miraculous acceleration008279
The hunger is not satisfied. A week after his triumph in the Formula 1 Drivers’ Championship, Max Verstappen is once again at the forefront, having just won the Qatar Grand Prix. This time in front of Charles Leclerc in a Ferrari and Oscar Piastri in a McLaren. “I really didn’t think so,” says Verstappen, “if… Continue reading German FAZ: Verstappen wins thanks to miraculous acceleration008279
German FAZ: Head of Opel parent Stellantis resigns008277
The car manufacturer Stellantis, which is suffering from problems in the important US market and a weak industry situation, has to look for a new boss sooner than expected. The board of directors has accepted the resignation of Carlos Tavares, the multi-brand group (including Peugeot, Citroen, Fiat, Chrysler, Jeep, Alfa Romeo) announced on Sunday evening.… Continue reading German FAZ: Head of Opel parent Stellantis resigns008277