Tag: Carlos Tavares
Former Stellantis CEO collects lucrative compensation package amid company financial struggles
Stellantis has revealed a staggering 70% drop in net profit for 2024, highlighting the automaker’s deep financial troubles. The company recently published its 2024...
John Elkann takes lead at Stellantis after Tavares exit
Stellantis CEO Carlos Tavares' sudden resignation has sent shockwaves through the automotive industry. This departure is especially surprising since Tavares had only recently announced...
Stellantis cuts nearly 200 jobs at Sterling Heights plant as it...
Stellantis is laying off nearly 200 workers at its Sterling Heights Assembly Plant in suburban Detroit, where the company builds the Ram 1500. Effective...
Stellantis offers buyouts to U.S. salaried employees amid profit decline
Stellantis is offering buyouts to U.S. salaried employees to cut costs after a significant drop in net income during the first half of the...
Stellantis Q2 sales underwhelm with 16% drop YoY
Stellantis joins other automakers that have reported underwhelming sales and production this quarter. Vehicle sales by Stellantis are down about 16% in the second...
Stellantis calls for EV affordability, warns high prices could collapse market
The EV industry might be in trouble if they do not lower the average listing price for their vehicles. Although Europe and China are...
Stellantis CEO predicts supply issues will hinder EV transition
Stellantis Chief Executive Officer Carlos Tavares said at a conference on Tuesday that the auto industry would likely continue to be impacted by the ongoing supply...
Stellantis CEO says chip shortages will continue into 2023
Carlos Tavares, Stellantis’s Chief Executive Officer, said at an event on Friday that he does not foresee the semiconductor chip shortage ending this year and expects...
Stellantis rumored to drop all HEMI engines by 2024
An era of high-displacement engines could soon be over for brands under the Stellantis umbrella. It’s rumored that Chrysler, Dodge, Jeep, and RAM Trucks...
Pace of electrification troubles Stellantis CEO
Stellantis NV CEO Carlos Tavares isn’t exactly thrilled about the pressure to convert the industry for higher EV adoption. Transitioning too quickly to electrification...