Overview

• Carlos Tavares resigned as Stellantis CEO on December 1, citing a mutual decision with the board due to strategic misalignment.
• Tavares faced criticism for prioritizing cost-cutting and raising prices, which strained dealer relationships and alienated customers, particularly in the U.S.
• Chairman John Elkann is overseeing an interim executive committee while the company searches for a new CEO.
• Stellantis has rejoined the European auto lobby group ACEA, reversing Tavares' independent lobbying approach, and is working to align with EU carbon reduction policies.
• The company is engaging with Italian officials and unions to develop a long-term plan for production and job security, while also addressing declining market share in key regions.