Stellantis Faces Sales Decline and Leadership Shakeup Amid U.S. Crisis

CEO Carlos Tavares addresses operational challenges and strategic missteps impacting the automaker's performance in key markets.

Stellantis has experienced a significant drop in U.S. sales, with a 20% decline in the third quarter and a 17% decrease for the first nine months of the year.
CEO Carlos Tavares announced a major management restructuring, replacing the CFO and COOs for North America and Europe to address ongoing issues.
High vehicle prices and slow adaptation to market demands have left Stellantis with excessive inventory, requiring aggressive incentives to boost sales.
The automaker faces labor tensions, with potential strikes from the United Auto Workers in the U.S. and a planned one-day strike in Italy over production cuts.
Stellantis' stock has suffered a nearly 45% decline this year, highlighting investor concerns over its ability to compete with cheaper Chinese rivals and adapt to changing market conditions.