Stellantis CEO Carlos Tavares plans a management overhaul for performance improvement, identifying successor, and focusing on electric vehicles.

Stellantis, the global automaker formed from Fiat Chrysler and PSA Groupe, is undergoing a management overhaul led by CEO Carlos Tavares, who plans to retire in 2026. The restructuring aims to improve performance, particularly in North America, where sales have declined significantly. Stellantis faces challenges from rising competition, a surplus of inventory, and high costs. The company is also identifying Tavares' successor and focusing on electric vehicle initiatives.

October 10, 2024
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