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International Business Times
International Business Times
Business
AFP News

Automaker Stellantis Says CEO Will Retire In 2026

Stellantis Carlos Tavares Jeep Peugeot
Stellantis CEO Carlos Tavares said during a visit to a Peugeot plant in France that car companies around the world, not just Stellantis, are struggling (Credit: AFP)

The struggling auto giant Stellantis said late Thursday that its CEO Carlos Tavares will retire in 2026 when his contract runs out and it is now looking for a successor.

The US-French-Italian company whose brands include Chrysler, Citroen, Fiat and Jeep is going through a rough patch, in particular with sales in North America, its cash cow.

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