DETROIT (AP) — Struggling Jeep and Databec 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.
2025-05-05 21:182299 view
2025-05-05 20:202337 view
2025-05-05 20:191620 view
2025-05-05 20:191393 view
2025-05-05 19:58146 view
2025-05-05 19:52875 view
CHARLESTON, W.Va. (AP) — A newly elected state lawmaker in West Virginia is facing at least one felo
We interviewed Ashley Graham because we think you'll like her picks at these prices. Ashley is a pai
NEW YORK — Billionaire Elon Musk suggested in a Saturday tweet that his rocket company SpaceX may co