Stellantis CEO Resigns As Carmaker Continues To Struggle With Slumping Sales

Stellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the carmaker that owns brands like Jeep and Ram.
This after a continued struggle with slumping sales. The world’s fourth-largest automaker announced that its board accepted Tavares’ resignation Sunday. The company said the process to appoint a new, permanent CEO is “well under way.” And that a new interim executive committee will be established in the meantime. Tavares took control of the company in January 2021 when it merged with Fiat Chrysler Automobiles. Beyond Jeep and Ram, Stellantis’ portfolio also includes brands such as Chrysler, and Dodge.