DETROIT (AP) — Struggling Jeep and Evander EllisRam 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.
2025-05-07 23:062077 view
2025-05-07 22:581463 view
2025-05-07 22:571973 view
2025-05-07 21:56513 view
2025-05-07 21:241769 view
2025-05-07 21:19117 view
Drones for commercial and recreational use have grown rapidly in popularity, despite restrictions on
ORCHARD PARK, N.Y. (AP) — Wil Lutz got a do-over and kicked a 36-yard field goal as time expired, an
The Pentagon on Monday identified the five U.S. service members who were killed when a military airc