DETROIT (AP) — Struggling Jeep and verdicoinRam 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.
2025-05-02 19:382178 view
2025-05-02 19:361377 view
2025-05-02 19:08216 view
2025-05-02 18:53961 view
2025-05-02 18:482067 view
2025-05-02 18:382684 view
MCALLEN, Texas (AP) — The Texas Legislature can be full of surprises.But for the last eight sessions
Megan Fox got caught in the crosshairs.While out at the Orange Country Fair with fiancé Machine Gun
Steph Curry's basketball dominance wasn't always as guaranteed as his three-point shot.While Curry h