'Radical targets toppled former CEO Carlos Tavares at Stellantis'
Targets deemed unrealistic or destructive by some board members triggered the sudden fall of Stellantis CEO Carlos Tavares just a month after he received their full backing, sources told Reuters. Unhappy with his aggressive targets for sales and cost cuts and his contentious dealings with the giant automaker’s suppliers,
Mr Farrish accused Mr Tavares of “reckless short-term decision-making”, the consequences of which included “the rapid ...
Stellantis' next CEO faces a mountain of challenges, including overpriced vehicles with little demand, EVs arriving as the ...
Doug Ostermann also said the company is far ahead of schedule in reducing bloated U.S. vehicle inventories in the fourth quarter.
Stellantis NV is working to rebuild trust with dealers, suppliers, unions and governments after a period of tension under ...
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