Follow us
Stellantis begins search for Carlos Tavares' successor: Report
Tavares has been under pressure to correct the automaker's struggling North American operations, with record falls in sales and profit that have sent the company's share price tumbling.
4493 Views
Stellantis said on Monday that it has begun looking out for Carlos Tavares' successor, as his contract is slated to expire in 2026, Reuters said. The auto firm noted that it has however not ruled out the possibility of Tavares extending his term, the newswire reported.
Tavares has been mandated to course-correct the firm's declining North American operations, with record falls in sales and profit, that have led the firm's share price to nosedive.
Tavares, who was named top boss in 2021, has been a part of several automakers including Renault, PSA and Nissan, the newswire noted.
The firm is looking to bolster its positioning in North America by cutting inventories and vehicle prices, the group's Chief Financial Officer Natalie Knight said at a BofA Securities virtual conference earlier on Monday. Reuters attributed the first news break to Bloomberg.
RELATED ARTICLES
Lumax Auto Technologies Wins TPM Excellence Award for Second Consecutive Year
Autocar Professional Bureau
29 Mar 2026
The award is widely regarded as a global benchmark in Total Productive Maintenance (TPM) practices and operational effic...
TVS Motor Company Launches Apache RTR 310 in Morocco
Sarthak Mahajan
28 Mar 2026
The Indian two-wheeler manufacturer enters the Moroccan market with its flagship 310cc streetfighter, targeting a premiu...
JLR temporarily stops production at Solihull plant due to supplier constraints
Autocar Professional Bureau
28 Mar 2026
The company noted that it is working closely with the supplier to resolve the issue as quickly as possible and minimise ...
