After Tavares, Italy and Strantis may finally team up
Italian Prime Minister says government is willing to "do its part" if Strantis maintains factories and jobs go through Brad Anderson December 16, 2024 04:57 Italian Industry Minister Adolfo Urso said Carlos Tavares "doesn't understand reality." There have been many disagreements between Strantis and Italian officials over the past year. The government wants the group to make a strong commitment to the local market. After Carlos Tavares abruptly left Stellantis in early December, Italian authorities hope they can repair broken relations with the group and ensure it maintains a strong presence in the country. Speaking recently at a political event ahead of a major meeting with the Italian auto industry, Italian Prime Minister Giorgia Meloni said: "We evaluate the economic cases on their own merits. For Stellantis, it's Like any other company operating in Italy, if the approach is constructive, if there is a will to maintain factories and jobs, we will be ready to do our part." Read: Will…
Former CEO Tavares personally killed Hemi V8, Stellantis
Portugal-born former CEO reportedly ignored pleas from other executives to continue making V8 go through Chris Chilton 21 hours ago Former Stellantis CEO Carlos Tavares personally helped kill off the legendary Hemi V8, former colleagues say. "Everyone wants to keep (the Hemi)," a Stellantis source told CNBC this week following Tavares' departure. The Hemi V8 is still available as a crate engine and in select body-on-frame models, but is no longer available in the new Charger. Carlos Tavares resigned as CEO of Stellantis last week, and investors will remember him as the man responsible for the automaker's declining profitability and dealers as the man who made too many of inventory and uncompetitive suggested retail prices. But according to insiders, Tavares' legacy also includes personally killing off the legendary Hemi V8 in the face of huge internal and external opposition. "Everyone wants to keep (the Hemi)," an unnamed Stellantis executive told CNBC. "But the question is 'You need to be more…
Stellantis CEO Carlos Tavares resigns amid falling sales
Stellantis CEO Carlos Tavares The company announced on December 1 that he had resigned. His resignation comes less than two months after Strantis said Tavares would leave the company in 2026 when his current contract expires. In its latest announcement, Stellantis cited "different views" between the board and Tavares as one of the reasons for his sudden departure. Stellantis has been searching for a potential successor to Tavares since at least September, and the company said in its latest announcement that the search would be completed within the first half of 2025. Stellantis, meanwhile, will be run on an interim basis by an executive team led by Chairman John Elkann, a member of the Agnelli family whose Exor Holdings owns about 14.4% of Stellantis. strantis brand Tavares, who spent most of his career at Nissan under Carlos Ghosn, has been CEO of the company since the 2021 merger of Fiat Chrysler Automobiles NV and France's PSA Group PSA to create…
Stellantis CEO Carlos Tavares resigns, successor to be named
Carlos Tavares is no longer CEO of Stellantis due to differences with the company's board of directors. The executive was scheduled to retire in 2026, but his resignation is effective immediately. A successor is expected to be named early next year, but in the meantime the company will be led by an interim executive committee led by John Elkann. In a surprising move, Stellantis CEO Carlos Tavares resigned immediately. The news was unexpected, as the executive had previously said he planned to retire in 2026. var adpushup = window.adpushup = window.adpushup || {que:()}; adpushup.que.push(function() { if (adpushup.config.platform !== "DESKTOP"){ adpushup.triggerAd("0f7e3106 -c4d6-4db4-8135-c508879a76f8"); } else { adpushup.triggerAd("82503191-e1d1-435a-874f-9c78a2a54a2f"); Stellantis released a brief statement saying the company's board accepted his resignation and had begun a search for a new CEO. A decision is expected in the first half of 2025, but in the meantime, an interim executive committee will be formed, led by chairman John Elkann. More: Stellantis CEO Carlos Tavares to leave in…
Tavares says Strantis wants to be ‘on the right side’
Tavares said those calling for a delay in the ICE ban must not view climate change as a major issue go through Brad Anderson 14 hours ago Carlos Tavares added that U.S. dealers need to "deal with" local difficulties selling electric vehicles. Stellantis is also prepared for tougher emissions and fuel economy regulations in the United States. The automaker spends about $15 billion annually on electric vehicles. The boss of Stellantis admitted that the car-making giant fully supports Europe's ban on internal combustion engine cars, although launching new electric vehicles and convincing consumers to buy them may be challenging. During a media roundtable at the Paris Auto Show, Carlos Tavares noted that in addition to preparing for the European ICE ban in 2035, Stellantis is also ready for stricter emissions and fuel economy regulations in the United States. He is keen to see the group do its part to combat climate change. Read: CEO Tavares says Stellantis will evaluate future…
Tavares says Strantis must “become Chinese” to win
CEO Carlos Tavares publicly criticized EU tariffs on Chinese electric cars, calling them a "major trap" for carmakers go through Brad Anderson September 27, 2024 09:55 Stellantis acquired a 21% stake in Chinese automaker Leapmotor to gain access to its electric vehicle technology. Carlos Tavares believes adopting a low-cost mindset is crucial to competing with Chinese electric vehicles. By 2030, Stellantis aims to achieve 100% electric vehicle sales in Europe and 50% electric vehicle sales in the United States. Stellantis CEO Carlos Tavares believes the best way to compete with China's emerging electric vehicles is to adopt the same low-cost mindset and find ways to build electric vehicles at lower costs. Tavares has previously spoken out against EU tariffs on Chinese electric cars, calling them "a major trap for countries that follow this path" and saying they would not encourage Western carmakers to make the changes necessary to properly challenge Chinese competitors. Tavares believes that the best way out is…
Stellantis dealers angry at CEO Tavares
The National Dealer Council sent a scathing open letter to Stellantis CEO Carlos Tavares. The letter criticized Tavares for "reckless short-term decision-making" that led to the "disaster." Strantis responded that "public personal attacks" were not the way to solve the problem. It seems like Stellantis has been keeping itself busy lately. Its U.S. dealer network is under fire, holding CEO Carlos Tavares accountable for the rapid decline of the automaker's brand. And it's not just complaints -- they've sent an open letter asking him to allocate more funds to clear out old inventory and reinvigorate their American brand. The message from dealers is clear: fix the problem or watch their lots become a graveyard for unsold cars. var adpushup = window.adpushup = window.adpushup || {que:()}; adpushup.que.push(function() { if (adpushup.config.platform !== "DESKTOP"){ adpushup.triggerAd("4d84e4c9 -9937-4f84-82c0-c94544ee6f2a"); } else{ adpushup.triggerAd("6a782b01-facb-45f3-a88f-ddf1b1f97657"); } }); The leadership of the Stellantis National Dealer Council (NDC), which represents the dealer network and its employees, accused CEO Carlos Tavares of…
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