Stellantis' shares drop after Carlos Tavares' sudden exit as CEO

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.  ...