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The Latest Breaking News from Carlos Tavares

Stellantis Backtracks On Plan To Lay Off 1,100 At US Jeep Plant

Stellantis confirmed Saturday it was reversing a decision to lay off 1,100 workers at its Jeep plant in the US state of Ohio, following the ouster of embattled chief executive Carlos Tavares.

International Business Times

Production of Fiat and Maserati EVs Will Stay Paused Over Slow Sales

Fiat won’t be building any new 500es anytime soon. Stellantis has extended the shutdown at the factory where it assembles the little electric vehicle until January 20. The automaker had announced late last month that it would pause production at its Mirafiori factory in Italy until January 5.

Motor1

Stellantis makes amends with new investment in key market

The auto giant has had a rocky relationship with the government.

The Street

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Ram Won't Launch Its Electric Pickup Until 2026

Ram's all-electric pickup truck has been delayed again. The 1500 REV will officially launch in 2026, pushed back at least another six months from its previous delay announced in November. Ram doesn't narrow the timeframe any further than that, leaving a 12-month window for the overdue battery-electric truck to finally go…

Motor1

Tavares: China Is 'Many Years' Ahead With EVs, Says EU Politicians Created 'Dead End'

Former Stellantis CEO Carlos Tavares isn't backing down from the decisions that led to his resignation. In his first interview since voluntarily exiting the company, he effectively double-downed on his stance that conflicted with the Stellantis board members. At the same time, he voiced concerns that China was far ahead…

Motor1

As dealers trash his legacy, ex–Stellantis CEO Carlos Tavares has no regrets

Carlos Tavares has no regrets about his premature exit from troubled automaker Stellantis.

Fortune

Stellantis former CEO made huge mistake with popular Dodge car

The sources allege that the ex-CEO is behind the axing of a beloved product.

The Street

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Ram CEO Tim Kuniskis: 'We're Getting Our Ass Kicked'

Ram is down by a whopping 24 percent in the United States through September. Things are so bad that the US Stellantis National Dealer Council sent an open letter to former CEO Carlos Tavares in September, blaming him for the "disaster" and "rapid degradation" of the American brands. But Tavares…

Motor1

Jeep, Ram dealers praise return of beloved Stellantis exec

The exec returned to his position after a very short retirement.

The Street

'Everybody Wanted to Keep the Hemi' Except Stellantis Ex-CEO Tavares, Sources Say

Carlos Tavares is gone as Stellantis' CEO, and in the aftermath of his resignation, a number of company insiders have come forward to provide an autopsy on his time as chief executive. It's not pretty, but one part of the saga is particularly jarring. “Everybody wanted to keep [Hemi],” a source…

Motor1

Return of the King: Tim Kuniskis Is Back as Ram CEO

Retiring just months ago, Tim Kuniskis was the Fiat-Chrysler executive behind Dodge's meteoric rise as a performance brand between 2014 and 2023. With Stellantis in turmoil, he has now returned. Following the resignation of the conglomerate's CEO, Carlos Tavares, Kuniskis is back as the head of Ram Trucks, which he…

Motor1

John Elkann: Italian Dynasty Heir At The Helm Of Stellantis

John Elkann, who is taking the wheel at Jeep and Fiat owner Stellantis after the ouster of its CEO, is the discreet but steely heir to an Italian dynasty associated with Juventus, Ferrari and The Economist.

International Business Times

Stellantis Stock Falls as CEO Departs: What Investors Should Know

STLA stock is down more than 2% after the resignation of CEO Carlos Tavares, and the company's inventory problems are likely to dampen investor interest

MarketBeat

Why General Motors Just Took A $5 Billion Hit In China

For much of this year, we've been covering the rise of the Chinese auto industry as primarily a problem for the European auto industry. Every car company has lost sales in their biggest market as the local competition got better and better, but Volkswagen and others have to do battle…

InsideEVs

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The Guardian - UK

Meloni says Italy aims to protect jobs after CEO of Fiat owner Stellantis quits

Company is at loggerheads with Italian government, which claims it has not invested enough in the country

The Street

Jeep, Dodge nightmare is far from over after CEO shakeup

The multinational automaker is facing a string of big problems.

The Independent UK

Volkswagen workers stage mass protest across Germany

Volkswagen employee representatives say workers should not bear the brunt of management’s failure to produce appealing products

Benzinga

Stock Of The Day: Stellantis Faces Uncertainty, But Could Support Trigger A Rally?

Stellantis N.V. (STLA) are trading lower after the CEO resigned. They are getting close to a support level. Technical traders sense profits.

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The Guardian - UK

Stellantis’s Carlos Tavares: the hard-driving boss ejected from global carmaker

Firm rejects ruthless approach of former chief executive known for pushing for bigger profits

Benzinga

Stellantis' Market Value Halves In 2024: Why CEO Tavares' Exit Could Take Things From Bad To Worse

Stellantis struggles in 2024, with stock down 47%, CEO Carlos Tavares' unexpected resignation and challenges in EV sales and competition. Analysts warn of leadership uncertainty and internal/external pressures.

Evening Standard

FTSE 100 finishes in the green after hitting one-month high

The index rose after news of a jump in house prices in November, before falling back later in the day.

International Business Times

Stellantis Says Goodbye To 'Performance Psychopath' CEO

Carlos Tavares, a self-proclaimed "performance psychopath" who drove auto giant Stellantis with aggressive cost-cutting and high car prices, reached the end of the road as CEO when his strategy hit a dead end.

Investors Business Daily

Stock Market Today: Dow Jones Dips As Intel Fades After CEO Exit; This Warren Buffett Stock On 44% Run Clears Entry (Live Coverage)

The Dow Jones fell even as a Warren Buffett stock cleared an entry. Tesla rose on the stock market today but Intel gains faded.

The Independent UK

US commits to $7.54 billion loan for Stellantis venture to build 2 electric vehicle battery plants

A Stellantis joint venture with Samsung SDI has won a commitment from the U.S. Energy Department for up to a $7.54 billion loan to help build two electric vehicle battery plants in Kokomo, Indiana

InsideEVs

Stellantis' CEO Is Gone Ahead Of 'A Big Year' With A Huge List Of Problems

I think now-former Stellantis CEO Carlos Tavares was an interesting figure for just how unpopular he was. Sure, very few top executives get to where they are by making friends everywhere they go. But Tavrares was somewhat unique in how much he managed to make everyone mad at him; the…

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