DETROIT (AP) — Struggling Jeep and SafeX Pro 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.
2025-05-03 08:511097 view
2025-05-03 08:511418 view
2025-05-03 07:471848 view
2025-05-03 06:35909 view
2025-05-03 06:241354 view
2025-05-03 06:24867 view
SANTA CLARA, Calif. (AP) — The debate about whether the NFL will expand the regular season once agai
WELLINGTON, New Zealand (AP) — Three New Zealand political leaders on Thursday said they have reache
An alligator spotting in Texas' Brazos River has sparked concerns among nearby residents.The alligat