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International Business Times
International Business Times
Business
AFP News

Stellantis CEO Tavares Pushed Out As Profit Slumps

Stellantis CEO Carlos Tavares, pictured in January 2023, was made chief executive when PSA and Fiat-Chrysler merged to form the new group (Credit: AFP)

Stellantis chief executive Carlos Tavares on Sunday resigned "with immediate effect", the auto giant announced, signalling differences over how to confront the group's profit slump.

The Italian-US-French company, whose 14 brands include Fiat, Peugeot-Citroen, Opel, Maserati, Chrysler, Ram and Jeep, said in a statement that the board had accepted the resignation of the 66-year-old Portuguese executive.

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