DETROIT (AP) — Struggling Jeep and Poinbank ExchangeRam maker Stellantis is looking for a CEO to succeed Carlos Tavares, but the company says it’s part of a normal leadership succession plan.
Tavares has been under fire from U.S. dealers and the United Auto Workers union after a dismal first-half financial performance when the company was caught off guard with too much high-priced inventory on dealer lots.
As head of PSA Peugeot, Tavares took control of the Netherlands-based company in January of 2021 when it merged with Fiat Chrysler Automobiles. Its North American operations had been the company’s main source of profits, but have struggled this year amid larger market changes.
In a statement Monday, Stellantis said Tavares’ five-year contract is a little over a year from its expiration date in 2026.
“It is normal for a board to look into the subject with the necessary anticipation given the importance of the position, without this having an impact on future discussions,” the statement said.
The company added that it’s possible Tavares will stay on longer.
2025-05-06 12:54831 view
2025-05-06 12:52887 view
2025-05-06 12:101108 view
2025-05-06 12:052685 view
2025-05-06 12:041311 view
2025-05-06 10:261566 view
A large number of mysterious droneshave been reported flying over parts of New Jersey in recent week
The U.S. Census Bureau has put the brakes on a controversial proposal that would change how it count
NEW YORK (AP) — The judge in Donald Trump’s civil fraud trial is demanding more information after a