Core Insights - Stellantis CEO Carlos Tavares resigned abruptly, with disagreements between him and the board cited as a primary reason for his departure [1][2][3] - The board and Tavares had differing views on operational priorities and stakeholder interactions, leading to a lack of consensus on short-term versus long-term strategies [2][3] - Critics have pointed out that Tavares's cost-cutting measures, particularly affecting the Jeep brand, created a facade of success while harming long-term demand in the US market [4] Company Performance - Stellantis's US sales through September 2023 were down 17% compared to the previous year, with significant volume losses in the Jeep and Ram brands [7] - The Jeep brand has lost market share to competitors like Hyundai in the affordable SUV segment [7] Stakeholder Reactions - The departure of Tavares has been viewed positively by US dealers and union leaders, who see it as a necessary step to rebuild trust [5][6] - An open letter from Stellantis's US dealers over the summer criticized Tavares for "reckless short-term decision-making" that led to predictable negative outcomes in the US market [8] - UAW President Shawn Fain expressed that Tavares's exit is a "major step in the right direction" and emphasized the union's commitment to holding Stellantis accountable amid planned layoffs [9][10]

Firing its CEO isn't the only problem Stellantis is facing right now.Stellantis (STLA 1.48%) seemed to be on the path to recovery after the worst of the pandemic, but now that the market has gotten back to a more normalized supply-and-demand environment, the company's sales have dropped. In this video, Travis Hoium shows why strategic difficulties are at the core of Stellantis' problems.*Stock prices used were end-of-day prices of Dec. 2, 2024. The video was published on Dec. 3, 2024. ...

AUBURN HILLS, Mich., Dec. 4, 2024 /PRNewswire/ --  Dodge Charger Daytona comes to the rescue; "Save the Planet" marketing campaign launches across television and Dodge social media channels Dodge unleashes marketing campaign for the first all-electric vehicle from the brand, the all-new Dodge Charger Daytona Electric vehicles aren't changing what Dodge stands for one tiny bit In true Dodge fashion, the iconic American muscle-car brand comes to the rescue, proclaims that the Dodge Charger Daytona will ...

Core Points - Mopar is promoting a wide range of branded apparel, lifestyle products, and automotive accessories for the holiday season, targeting automotive enthusiasts [1][2][3] - The company is offering free shipping on orders over $100 within the continental U.S. from December 3 to December 31, 2024 [12][13] Product Offerings - Mopar offers various headwear starting at $19.95, including baseball caps and winter hats for men and women [4] - Holiday-themed products include fuzzy socks priced at $19.95 and flannel pajama pants for adults at $39.95 and youth at $29.95 [5] - Apparel options include T-shirts, fleece, and pullovers starting at $19.95, as well as hoodies starting at $39.95 [4][6] - Specialty items include a locking key cabinet priced at $65.95 and an oversized Sherpa throw blanket for $114.95 [6][7] - Performance parts such as all-weather floor mats starting at $159 and a cold-air intake system starting at $695 are also available [8][10] - Jeep performance parts include 2-inch lift kits starting at $2,095, enhancing the capability of Wrangler and Gladiator models [11] Promotional Details - Customers are encouraged to order early due to limited supplies, and the free shipping offer is not valid outside the continental U.S. [12][13]

AUBURN HILLS, Mich., Dec. 3, 2024 /PRNewswire/ -- Chrysler Pacifica and The Elf on the Shelf® create holiday magic together this season. As the official minivan of the holiday season, Chrysler Pacifica and The Elf on the Shelf join together to spread Christmas magic Holiday campaign to run through Christmas Eve across Chrysler brand's Instagram, Facebook and TikTok social media channels Consumers can play along as The Elf on the Shelf, Scout Elf, finds its way into the Chrysler Pacifica and Chrysler P ...

AUBURN HILLS, Mich., Dec. 3, 2024 /PRNewswire/ -- Ram 1500 lineup earns the award for the sixth time in seven years Car and Driver evaluates each contender versus its peers using a 100-point scale, basing each score on intended purpose, value and vehicle operation Ram brand offers a full lineup focused on meeting the demands of truck buyers and delivering benchmark quality 2025 Ram 1500 Tungsten Car and Driver has named the 2025 Ram 1500 to its 10Best vehicle list for 2025. The award applies to the e ...

Advertisement This post originally appeared in the Insider Today newsletter.You can sign up for Business Insider's daily newsletter here.Good morning! We've officially entered the season of company holiday parties. An etiquette expert shared some helpful tips to follow. (Take it easy on the booze.)In today's big story, an automaker CEO's resignation shows how tough a year the industry is having.Advertisement What's on deck:But first, I'm just trying to get out of first gear.If this was forwarded to you, s ...

In ancient Rome, when victorious generals marched in triumph through the city, an old tradition was that a servant had to approach the general and whisper to his ears a few words of admonition: "I focus on long term growth and dividend growth investing. I follow both the US and the European stock markets, looking for undervalued stock and/or for high quality dividend growing companies that provide me with cash to reinvest. Over time, I have come to realize that profitability is a much safer driver of gains ...

Shares of Stellantis N.V. STLA traded lower on Monday. In a move that has investors concerned and confused, CEO Carlos Tavares has resigned. This comes as a surprise because two months ago he said that he would retire in 2026.As you can see on the chart, shares have dropped over 40% this year. However, a potential bottom may be forming, making it our Stock of the Day.Markets don't like uncertainty. This means that nervous investors will probably continue to sell and put pressure on the shares. This could co ...

Outgoing CEO Carlos Tavares clashed with Stellantis’ board over his plans to quickly turn around the ailing US business by cutting costs, rather than focusing on long-term strategy, investors and bankers familiar with the matter said on Monday.Shares in the Jeep, Fiat and Peugeot manufacturer slumped as much as 10%, hitting their lowest since July 2022, as investors worried about the vacuum left at the top of the world’s No. 4 carmaker following Tavares’ resignation on Sunday. The stock closed down 6.3% in ...