Stellantis stock fell more than 6% Monday.Despite the challenges, Stellantis’s board had given Tavares its unanimous backing to turn the automaker around as recently as October.Since then, his renewed pursuit of cost savings and other efficiencies inflamed already fractious relations with dealers,

Stellantis Chief Executive Carlos Tavares has resigned, the automaker said on Sunday, adding it aimed to find a new head in the first half of 2025.

Carlos Tavares, who had been under fire and was expected to leave at the end of his contract, resigned abruptly on Sunday.