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  • Drew Dowdell
    Drew Dowdell

    By Drew Dowdell •

    Stellantis CEO Carlos Tavares quits over dispute with company board

      Embattled CEO disagreed with the Stellantis board over the direction of the company.

    The CEO of Stellantis, Carlos Tavares resigned, effective immediately today, December 1st. In October of this year, Stellantis announced it had begun the search for a successor to CEO Tavares who was planning to step down sometime in 2026, but tensions were already rising between the board and Tavares after Stellantis issued profit warning guidance in September on its 2024 full-year results. 

    A source inside the company said that the tensions between Tavares and the board stemmed from differing views on the direction of the company. The board was concerned that Tavares was moving too fast and focusing on near-term solutions rather than long term company health.

    Stellantis has been struggling with inventory mismatched to customer demands and a failure to move prior year models off lots. Overproduction of high-priced models has let to a glut of inventory at dealerships with more than 110 days of inventory of Ram Trucks and Jeep Grand Wagoneers, significantly higher numbers than crosstown competitors, Ford and General Motors.

    Tavares made a name for himself by helping turn around French automaker Renault under the leadership of Carlos Ghosen. He later led Peugeot parent PSA through an acquisition of Opel from General Motors and later the PSA merger with FCA to form Stellantis in 2021.

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  • Posts

    • smk4565
      Tariff Tuesday - Sports Cars are Dead

      By smk4565 · Posted

      There is over abundance for sure, especially when China has 100 EV car makers and eventually they will spread out past China.   Not only will the tariffs kill off some weak brands, but it is going to crush a lot of suppliers once the supply chains get all destroyed.  Not to mention dealerships that close up and job losses there.
    • Drew Dowdell
      Tariff Tuesday - Sports Cars are Dead

      By Drew Dowdell · Posted

      The tariffs definitely put Stellantis in a bit of a pickle.
    • G. David Felt
      Tariff Tuesday - Sports Cars are Dead

      By G. David Felt · Posted

      Agree that this whole Tariff mess will take out those that are already on deaths door. This I suspect could clean out a few of the early name plates. Sad that so many billions was wasted by an idiot CEO trying to rebuild a dead industry in Italy with trying to bring back poorly built name plates. Alfa Romeo, Maserati should have never been invested in. But that can now be said for more American name plates too. Time to let Chrysler die with dignity. In my humble opinion Buick other than China should just be put into the history books. GM = Entry level Chevrolet - Mid level GMC and luxury Cadillac. We still have an overabundance on name plates globally.
    • smk4565
      Tariff Tuesday - Sports Cars are Dead

      By smk4565 · Posted

      Tariffs will kill off the Japanese sports cars, and the Mitsubishi brand and probably Maserati, JLR, Alfa Romeo who are all struggling and might be gone in 5 years even without tariffs.  Which then, with less competition in the market, prices of everyone else will probably go up.
    • Drew Dowdell
      Tariff Tuesday - Sports Cars are Dead

      By Drew Dowdell · Posted

      While that’s true, that’s also true across the industry. So affordable is still relative to its non-sports-car showroom mates.    The Jeep Renegade was under $20k when released and by the time it was canceled was $30k

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