Stellantis' former CEO Carlos Tavares faces criticism for cost-cutting measures that harmed U.S. operations.

Former Stellantis CEO Carlos Tavares is accused of making "arrogant" mistakes that hurt the company's U.S. operations. Sources claim Tavares prioritized cost-cutting and profits over long-term planning and ignored U.S. market advice, leading to issues with new products, supplier relations, and plant management. Despite board support, Tavares left the company, with Stellantis planning to name a successor in the first half of next year.

4 months ago
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