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Top related persons:
Carlos Tavares - 4 Stellantis - 4 Tavares - 3 — - 3 Carlos Tavares's - 2 Dave Kelleher - 2 Ram - 2 Shawn Fain - 2
Top related locs:
Pennsylvania North America Illinois Stellantis United States China Mexico Chicago
Top related orgs:
Jeep - 3 Chrysler - 3 Hyundai - 3 United Auto Workers - 3 Dodge - 2 UAW - 2 Stellantis - 2 Fiat Chrysler Automobiles - 2

Search resuls for: "Tavares's"


5 mentions found


☆ Stellantis CFO reveals 2 tensions around the CEO's abrupt exit and promises to rebuild trust
  + stars: | 2024-12-04 | by ( Graham Rapier | Nora Naughton | ) www.businessinsider.com   time to read: +4 min
A top Stellantis executive on Wednesday gave an internal peek into CEO Carlos Tavares's abrupt exit. AdvertisementHis decision to step down from the top job at Stellantis came after months of pressure from disgruntled investors, dealers, and union officials. On the road to recoveryParting ways with Tavares was a good first step in rebuilding trust, US dealers and union leaders said. UAW President Shawn Fain released a statement this week calling Tavares's exit a "major step in the right direction." AdvertisementFain also said that the union is still committed to holding Stellantis accountable amid planned layoffs the union says violate the 2023 collective bargaining agreement.
Persons: Carlos Tavares, Carlos Tavares's, Doug Ostermann, Tavares, Kofi Amoo, Gottfried Tavares, Ostermann, Goldman Sachs, Stellantis, Dave Kelleher, " Kelleher, Ram, Shawn Fain, Tavares's, " Fain, Fain Organizations: Wednesday, Jeep, Goldman, Chrysler, Dodge, Hyundai, UAW Locations: Pennsylvania, Stellantis, United States
☆ Stellantis' CEO stepping down shows how the auto industry is struggling to shift into high gear right now
  + stars: | 2024-12-03 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +7 min
In today's big story, an automaker CEO's resignation shows how tough a year the industry is having. His expedited departure — Tavares was scheduled to leave in 2026 — shows how choppy the automotive industry remains. AdvertisementHendrik Schmidt/dpa/Getty ImagesSo, what's got the auto industry stuck in gear? (It hasn't been a complete lovefest; he also called China's auto industry an "existential threat.") The massive money manager announced plans to acquire HPS Investment Partners, a private credit behemoth managing $148 billion, for $12 billion.
Persons: We've, I'm, Hendrik Schmidt, Carlos Tavares, — Tavares, Stellantis, Insider's Nora Naughton, Tom Carter, what's, Tesla, Jim Farley, Donald Trump's, Dmitry Balyasny, Brendan McDermid, Donald Trump, Elon Musk, Texas Richard Bord, Musk's Tesla, —, Musk, Pat Gelsinger, Tony Cordoza, Anna Kim, Getty, Tyler Le, they'd, Jake Paul, Mike Tyson, Dan DeFrancesco, Grace Lett, Ella Hopkins, Spriha Srivastava, Amanda Yen, Milan Sehmbi Organizations: Business, dpa, Getty, Jeep, Chrysler, United Auto Workers, EV, Ford, Balyasny Asset Management, Reuters, Citadel, Schonfeld Partners, HPS Investment Partners, BlackRock, SpaceX, Intel, Amazon Web Services, Accenture, Netflix, ISI, Disney Locations: China, Mexico, Chicago, California, Texas, Delaware, Australia, New York, London
☆ Stellantis' CEO is out after a tumultuous year. Here's how things got so bad at the Jeep maker.
  + stars: | 2024-12-02 | by ( Nora Naughton | ) www.businessinsider.com   time to read: +3 min
Profit-generators Jeep and Ram posted the biggest volume losses, with Jeep ceding significant market share to competitors like Hyundai in the affordable-SUV segment. Dealers in September accused Tavares of "reckless short-term decision-making" that has had "devastating, yet entirely predictable, consequences in the US market." AdvertisementInvestor lawsuits and labor disputesTavares also leaves Stellantis in some legal disputes, including an investor lawsuit over the company's poor financial performance. A special committee has been formed to search for a new CEO, and that process is "well underway," Stellantis said in a Sunday statement. During the search period, Stellantis Chairman CFO John Elkann will lead an interim executive committee, the company said.
Persons: Carlos Tavares's, Tavares, Carlos Tavares, Elon Musk, Stellantis —, —, Carlos Ghosn, he'll, Ram, Stellantis, John Elkann Organizations: Stellantis, Dealers, Fiat Chrysler Automobiles, France's, North America Stellantis's, Jeep, Hyundai, United Auto Workers Locations: American, North America, Illinois
☆ How things went from bad to worse for Jeep-owner Stellantis
  + stars: | 2024-10-24 | by ( Nora Naughton | ) www.businessinsider.com   time to read: +6 min
After months of that mounting pressure — plus an investor lawsuit — Stellantis confirmed that Tavares would retire after his contract expires in early 2026. A Stellantis spokesperson said the investor lawsuit is without merit, and the company plans to "vigorously defend itself." "If a customer has an older Stellantis product, the odds of buying a new one are very, very diminished, especially compared to the rest of the industry," Drury said. Stellantis, in return, has filed a lawsuit accusing the union of violating the contract with its strike authorization votes. AdvertisementAfter a historic strike at all three Detroit car companies last fall, the UAW won the right to strike over product commitments.
Persons: Carlos Tavares, Tavares, —, Stellantis, — Stellantis, Kevin Farrish, Dave Kelleher, Kelleher, Jeep, Dodge, Ivan Drury, Edmunds, Drury, Carlos, Shawn Fain Organizations: Investors, Service, Fiat Chrysler Automobiles, France's PSA Groupe, United Auto Workers, UAW, Chrysler, Dodge, Stellantis, Renegade, Cherokees, Hyundai, Cox Automotive, Detroit, Cherokee Locations: North America, Portuguese, Pennsylvania, Illinois
☆ PSG romp to 3-0 win over Marseille thanks to Mbappe-Messi double act
  + stars: | 2023-02-26 | by ( ) www.reuters.com   time to read: +3 min
PARIS, Feb 26 (Reuters) - World Cup foes Lionel Messi and Kylian Mbappe inspired Paris St Germain to a 3-0 win at bitter rivals Olympique de Marseille on Sunday to extend their Ligue 1 lead to eight points. Third-placed Monaco slumped to a 3-0 home defeat against Nice, who prevailed thanks to a Terem Moffi double and a superb half-volley by Khephren Thuram. The result left Monaco on 50 points, ahead of fourth-placed RC Lens on goals scored after the northerners drew 1-1 at Montpellier on Saturday. Messi beautifully lifted the ball into the path of Mbappe, who volleyed home with his left foot for his 16th goal of the season in Ligue 1. PSG next face Nantes at home before travelling to Bayern Munich for their Champions League last-16 return leg after losing the first encounter 1-0 at the Parc des Princes.
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