DETROIT (AP) — Struggling Jeep and Winning 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.
2025-04-30 09:242900 view
2025-04-30 08:58318 view
2025-04-30 08:392007 view
2025-04-30 08:312102 view
2025-04-30 07:121505 view
2025-04-30 07:09248 view
Global warming caused mainly by burning of fossil fuels made the hot, dry and windy conditions that
NEW YORK (AP) — The head of New York City’s public schools system, David Banks, said Tuesday that he
Conspiracy theorist Alex Jones ' Infowars media platform and its assets will be sold off piece by pi