ToplineShares of Stellantis—the automaker that owns key brands including Jeep, Ram and Chrysler—tanked sharply on Monday morning, hours after the company announced it had accepted CEO Carlos Tavares’ abrupt resignation.Stellantis CEO Carlos Tavares announced his resignation on Sunday.Copyright 2023 The Associated Press. All rights reserved. Key FactsThe Italian-American automaker’s Paris-listed shares were down more than 7.5% to around $12.1 (€11.5) after markets opened in Europe, while its New York Stock E ...

Stellantis shares fell sharply on Monday after news CEO Carlos Tavares had stepped down from his position as head of Europe’s second largest car manufacturer following a major slump in the Jeep and Renault maker’s sales. In a statement on Sunday, Stellantis said its board had accepted Tavares resignation with immediate effect, as the carmaker outlined plans to have recruited a new CEO within the first half of 2025.  ...

Advertisement Stellantis CEO Carlos Tavares has left the company, effective immediately, the automaker announced Sunday.His departure is more than a year ahead of his planned exit amid a stock slump.Stellantis is the parent company of major car brands including Jeep, Chrysler, and Maserati.Stellantis CEO Carlos Tavares has left the company, effective immediately, the automaker announced on Sunday.In a statement, Stellantis announced the company's board of directors had accepted Tavares' resignation, thanki ...

Carlos Tavares, chief executive officer of Stellantis NV, speaks to the media at the Stellantis auto manufacturing plant in Sochaux, France, on Thursday, Oct. 3, 2024.DETROIT – Stellantis CEO Carlos Tavares has unexpectedly resigned from the automaker amid increasingly "different views" between the executive and the board of directors, the company said Sunday.The world's fourth-largest carmaker said its board accepted Tavares' resignation on Sunday. His departure is effective immediately.Stellantis said its ...

Key TakeawaysStruggling automaker Stellantis on Sunday announced it had accepted the resignation of CEO Carlos Tavares.The move is effective immediately, the Jeep and Chrysler parent said.Stellantis said a process to name a permanent CEO "is well under way" and "will be concluded within the first half of 2025." The company will be led in the meantime by an interim executive committee headed by board chair John Elkann. Struggling Jeep and Chrysler parent Stellantis (STLA) on Sunday announced it had accepted ...

Carlos Tavares, the chief executive of struggling automaker Stellantis NV, resigned Sunday, after nearly four years of leading the company.In a statement Sunday, Stellantis STLA said its board had accepted Tavares’ resignation, effective immediately. Stellantis said its search for a new CEO is underway, and will be concluded in the first half of 2025. Until then, a new interim executive committee will be established, led by Chairman John Elkann. ...

Board Accepts Carlos Tavares’ Resignation as Chief Executive Officer Creation of Interim Executive Committee to be chaired by John ElkannNew CEO will be appointed in the first half of 2025Full year 2024 financial guidance confirmed AMSTERDAM, December 1, 2024 – Stellantis N.V. (“Stellantis” or “the Company”) announces that the Company’s Board of Directors, under the Chairmanship of John Elkann, accepted Carlos Tavares’ resignation today from his role as Chief Executive Officer with immediate effect. The p ...

Stellantis N.V. (STLA) has introduced the STLA Frame platform, a battery electric vehicle (BEV)-native, multi-energy architecture designed for full-size body-on-frame pickup trucks and SUVs, a crucial segment in North America and key global markets. Engineered to meet the demands for power, durability and practicality, the platform offers a BEV range of up to 500 miles and a range-extended electric vehicle (REEV) capability of 690 miles. It boasts a maximum towing capacity of 14,000 pounds, a payload rating ...

AUBURN HILLS, Mich., Nov. 20, 2024 /PRNewswire/ --   Thirty-second "Wiser" spot features J.J. Watt and puts a spotlight on the JJ Watt Foundation, which provides funding to 6th-8th grade after-school athletic programs and organizations across the U.S. "Wiser" launches across broadcast, digital and the Ram brand's social media channels "Wiser" follows up the newest spot within Ram brand's "The Calling" campaign Ram is an official sponsor of the College Football Playoff Ram brand debuts new marketing cam ...

AUBURN HILLS, Mich., Nov. 20, 2024 /PRNewswire/ --  Family adventures are calling, and the Chrysler Pacifica is ready to deliver, giving even more reason to pack up and head out on the next fun-filled journey with the introduction of the 2025 Chrysler Pacifica Family Adventure Vehicle (FAV) Edition. New 2025 Chrysler Pacifica Family Adventure Vehicle (FAV) Edition enhances family journeys with unique, versatile content Chrysler Pacifica FAV Edition has best-in-class standard overall cargo volume with ...