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
Tag: FCA
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
@Groupe PSA: PR Stellantis Organizational Announcement007701
AMSTERDAM – The process to appoint the new permanent Chief Executive Officer is well under way, managed by a Special Committee of the Board, and will be concluded within the first half of 2025. While the appointment of the new CEO is concluded the following organization is implemented with immediate effect. The Interim Executive Committee… Continue reading @Groupe PSA: PR Stellantis Organizational Announcement007701
@Groupe PSA: PR Board Accepts Carlos Tavares’ Resignation as Chief Executive Officer007700
AMSTERDAM – Stellantis N.V. (“Stellantis” or “the Company”) announces that the Company’s Board of Directors, under the Chairmanship of John Elkann, accepted Carlos Tavares’ resignation today from his role as Chief Executive Officer with immediate effect. The process to appoint the new permanent Chief Executive Officer is well under way, managed by a Special Committee… Continue reading @Groupe PSA: PR Board Accepts Carlos Tavares’ Resignation as Chief Executive Officer007700
@FCA: North America Manufacturing Operations
UNITED STATES, CANADA and MEXICO ASSEMBLY OPERATIONS* Manufacturing Facility Location Products Brampton Assembly Brampton, Ont. (Canada) Facility currently undergoing retooling until 2025 Detroit Assembly Complex – Jefferson Detroit Jeep® Grand Cherokee, Jeep Grand Cherokee 4xe and Dodge Durango Detroit Assembly Complex – Mack Detroit Jeep® Grand Cherokee L, Jeep Grand Cherokee, Jeep Grand Cherokee 4xe Saltillo… Continue reading @FCA: North America Manufacturing Operations
@FCA: Ram patrocinador oficial del 98 Desfile de Acción de Gracias de Macy’s®
27 de noviembre de 2024 , Auburn Hills, Mich. – Un año más, los vehículos de Ram hacen honor al lema “Built to Serve” siendo los elegidos para remolcar las grandes carrozas del Desfile de Acción de Gracias de Macy’s®. Se trata del décimo año en que la marca colabora estrechamente con Macy’s Studios y la… Continue reading @FCA: Ram patrocinador oficial del 98 Desfile de Acción de Gracias de Macy’s®
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
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