Stellantis CEO Tavares has resigned

Bryce · Dec 1, 2024

Effective today, Carlos Tavares is out at Stellantis.

https://finance.yahoo.com/news/stellantis-ceo-carlos-tavares-resigns-192211706.html

garyji · Dec 1, 2024

Stetson · Dec 1, 2024

Does that mean everything will be fine on Monday?

NPC 20883467 · Dec 1, 2024

"Stellantis shares have lost around 40% of their value this year."

Couldn't happen to a nicer guy... I am not optimistic; Stellantis will just replace him with an even bigger crook. It is a foreign conglomerate, and sees Americans like you and me as marks, not customers.

aldo98229 · Dec 1, 2024

The man was an empty suit. He was always getting caught by surprise and took responsibility for nothing.

Wonder how many millions it took to get him to sign that resignation letter.

FIAT heir John Elkann will be in charge until a replacement is found.

https://www.clickondetroit.com/news...o-carlos-tavares-resigns-automaker-announces/

Jeep Wrangler JL Stellantis CEO Tavares has resigned arbfgukpurbcpcvdb4fkyhrohi-jpg

azjl#3 · Dec 1, 2024

he is a talking head, going to Bermuda to spend his 8 figure parachute.

Next one will be the same, just different color tie.

1Warped Jeeper · Dec 1, 2024

The problem is more than just Tavares. Elkann and the board are to blame as well. But this is a start.

Jtphoto · Dec 1, 2024

NPC 20883467 said:
"Stellantis shares have lost around 40% of their value this year."

Couldn't happen to a nicer guy... I am not optimistic; Stellantis will just replace him with an even bigger crook. It is a foreign conglomerate, and sees Americans like you and me as marks, not customers.

Don’t be so quick to judge the foreign owned companies. I work for an American based company who threw us under the bus by selling us out to an American owned “Umbrella “ company. They are taking us apart piece by piece. Umbrella companies don’t care who they gobble up. They are only there for the money and could care less if the individual companies make any money as long as they pay the shareholders. When they have raped and pillaged enough that the companies can’t pay, they simply dump them and move on.

Phrank · Dec 1, 2024

Sweet - my hinge corrosion is reversing as we speak.

IceBerg · Dec 1, 2024

Cant wait to see vehicle prices skyrocket & quality drop in 2025!

Old Dogger · Dec 1, 2024

When one in Business is re-active to negative surprises ongoing, then one should be able to see the end result coming... :clap:

It should be a interesting 2025!!!!!!!!!!

Phrank · Dec 1, 2024

IceBerg said:
Cant wait to see vehicle prices skyrocket & quality drop again in 2025!

Fixed it for you.

Take57 · Dec 1, 2024

Not holding a parade quite yet. "The devil you know..." and all that.

driventoadventure · Dec 1, 2024

It's about time - hopefully not too little too late though.

258_T18A · Dec 1, 2024

I'm guessing this means the Q4 earnings are looking to be even more of a disaster than previously thought.

But what exactly is the new guy (who they're saying will be on board by the end of the first half of 2025???!!!) supposed to do? It takes awhile to turn around a company of this size and with product cycles this long. I'm guessing raise prices, layoff workers, shutdown plants, buyback shares, the usual financial engineering stuff while promising a brighter future.

Wonder what this means for the next gen J70.

Stellantis CEO Tavares has resigned

Bryce

Well-Known Member

garyji

Well-Known Member

Stetson

Well-Known Member

NPC 20883467

Well-Known Member

aldo98229

Well-Known Member

azjl#3

Well-Known Member

1Warped Jeeper

Well-Known Member

Jtphoto

Well-Known Member

Phrank

Well-Known Member

IceBerg

Well-Known Member

Old Dogger

Well-Known Member

Phrank

Well-Known Member

Take57

Well-Known Member

driventoadventure

Well-Known Member

258_T18A

Well-Known Member

Similar threads