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flag Stellantis CEO Carlos Tavares resigns as the carmaker struggles with a 27% drop in net revenues.

flag Stellantis CEO Carlos Tavares has resigned after nearly four years, as the fourth-largest carmaker faces declining sales and profits. flag The company, which owns brands like Jeep and Ram, has seen a 27% drop in net revenues. flag Stellantis shares have fallen by 40% this year, underperforming competitors like Ford and GM. flag An interim executive committee headed by John Elkann will manage the company until a new CEO is appointed by mid-2025. flag Tavares' exit follows disagreements with the board over the company's strategic direction.

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