Seeking higher margins, Stellantis CEO Tavares lost some core customers
Tavares, who had led Stellantis since it was forged in January 2021 from the combination of Peugeot-owner PSA and Fiat Chrysler, had flattered investors with rapid post-merger cost cuts and boosted operating profit margins to around 13% last year, nearly twice those of rivals Volkswagen (VOWG_p.DE) and Renault (RENA.PA).
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Stellantis sales in Italy down 24.6% in NovemberStellantis's Italy sales were down 24.6% to 30,817 vehicles in November compared to the same month in 2023, the carmaker said ...
Tavares became CEO of Stellantis in January 2021, overseeing the merger of France's PSA Group and Italy's Fiat Chrysler ...
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Stellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the carmaker that owns brands like ...
Carlos Tavares, a self-proclaimed "performance psychopath" who drove auto giant Stellantis with aggressive cost-cutting and high car prices, reached the end of the road as CEO when his strategy hit a ...
Stellantis NV is reducing output in Italy starting next week due to weak demand for the electric and luxury cars it’s ...
Stellantis will halt again auto assembly operations at its Mirafiori plant in Italy, which makes the electric Fiat 500 and ...
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Stellantis to halt production in Italy amid investment discussions – reportThe Termoli engine plant will pause from 16 to 22 December, while the Cassino auto factory will halt on 29 November.
MILANO (Reuters) - Stellantis will halt again auto assembly operations at its Mirafiori plant in Italy, which makes the ...
MILAN/DETROIT, Dec 1 (Reuters) - Stellantis (STLAM.MI) Chief Executive Carlos Tavares resigned abruptly on Sunday, two months ...
ROME, DEC 2 - The leader of Italy's largest and most left-wing labour union CGIL, Maurizio Landini, on Monday asked Premier ...
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