In this article STLASTLA Follow your favorite stocks CREATE FREE ACCOUNTCarlos Tavares, Chief Executive Officer of Stellantis, attends the Paris Automotive Summit during the 2024 Paris Auto Show in Paris, France, October 15, 2024.
It's the word former Stellantis CEO Carlos Tavares used in June to describe mistakes that led to the automaker's troubles in the U.S.
Investors also had turned on the chief executive, with U.S.-traded shares of Stellantis off 43% in 2024 prior to his departure.
Such issues ultimately led to Tavares' resignation, with the company saying Dec. 1 that he was leaving immediately because of "different views" with Stellantis' board.
Until then, the company has established a new interim executive committee led by Chairman John Elkann, scion of Italian automaker Fiat.
Persons:
Carlos Tavares, Benoit Tessier, It's, Tavares, Stellantis, Les Echos, Stellantis N.V, John Elkann, Jan, it's, Carlos Ghosn, Sergio Marchionne, Bernstein, Daniel Roeska, Magali Cohen, Tavares —, —, Doug Ostermann, Ostermann, Mack, Bill Pugliano, EVs, Tavares didn't, Tim Kuniskis, Christian Meunier, Jim Morrison, Chamarthi, Natalie Knight, Mark Stewart, Ned Curic, Mark Reuss, Rebecca Cook, Shawn Fain, Kevin Farrish, Antonio Filosa, Farrish, Massimo Pinca
Organizations:
Paris Automotive Summit, Reuters DETROIT, CNBC, Atlantic, U.S, General Motors, Ford Motor, PSA Groupe, Fiat Chrysler, Stellantis, Dodge, Fiat, Chrysler, Peugeot, The New York Stock Exchange, NYSE, Fiat Chrysler Automobiles N.V, Peugeot S.A, NYSE Tavares, Opel, Nissan, porte de, AFP, Getty, Jeep, Dodge Charger, United Auto Workers, UBS, UAW, Financial Times, Fiat Chrysler's, Swiss Army, Jeep North, America, Goodyear Tire, Co, Reuters, North, Fiat Panda
Locations:
Paris, France, U.S, Portuguese, North America, Stellantis, porte, porte de Versailles, Portugal, Europe, Detroit, Detroit , Michigan, Jeep North America, Auburn Hills , Michigan, Antonio, Turin, Italy