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Stellantis CEO's Cost-Cutting Mantra Cost Him His Job

The Wall Street Journal on MSN · 2h

How Stellantis CEO’s Cost-Cutting Mantra Cost Him His Job

Stellantis stock fell more than 6% Monday.Despite the challenges, Stellantis’s board had given Tavares its unanimous backing to turn the automaker around as recently as October.Since then, his renewed pursuit of cost savings and other efficiencies inflamed already fractious relations with dealers,

The Financial Times · 8h

Why Stellantis’s chief cost-cutter Carlos Tavares was axed

Portuguese boss refused to budge on pace of EV transition as cries from suppliers, workers and government grew louder

Breakingviews: New Stellantis CEO’s first job is a US reset

The Stellantis (STLAM.MI), opens new tab CEO’s abrupt departure on Sunday arguably qualifies as a necessary evil, given the $34 billion carmaker’s painful 2024. But his President-elect Donald Trump and the European Union,

Stellantis, Samsung

Detroit Free Press on MSN · 1h

US Department of Energy plans $7.5B loan to Stellantis, Samsung for battery plants

The venture will build batteries in Kokomo, Indiana, for Stellantis electric vehicles and at full capacity will produce about 67 GWh of batteries, enough to supply approximately 670,000 vehicles annually,

The Associated Press on MSN · 8h

Stellantis will get $7.54 billion to build 2 electric vehicle battery plants

A Stellantis joint venture with Samsung SDI has won a commitment from the U.S. Energy Department for up to a $7.54 billion loan to help build two electric vehicle battery plants in Kokomo, Indiana.

Newsweek on MSN · 6h

US Loans Stellantis, Samsung Venture $7.54B to Build EV Battery Plants

The Department of Energy announced a $7.54 billion loan commitment to a Stellantis and Samsung SDI joint venture to build EV battery plants.

52m

Stellantis names committee to run company after CEO Tavares leaves

The company's board moved quickly after Tavares' departure and was unveiling the committee to key stakeholders by Monday ...

6hon MSN

Stellantis CEO Tavares quits: Why his EV bet sparked his departure

Carlos Tavares has resigned as Stellantis CEO after nearly four years, amid plunging electric vehicle sales and rising ...

3hon MSN

Why Stellantis's CEO Is Out, and What That Means For the Stock

Until a new CEO is hired, the company will be led by an interim executive committee chaired by John Elkann. Elkann, the great ...

3h

Stellantis shares drop after Carlos Tavares’s sudden exit as CEO

Stellantis' indicated Carlos Tavares' views had become misaligned with those held by the company's board and shareholders ...

7h

Stellantis CEO Carlos Tavares resigns from struggling carmaker

Carlos Tavares is stepping down as Chief Executive Officer of Stellantis, effective immediately, following a sharp decline in ...

8h

Stellantis Stock Sinks After Jeep Maker's CEO Resigns

Stellantis shares tumbled following the carmaker's announcement that CEO Carlos Tavares resigned, effective immediately.

14h

Stellantis drops as CEO Tavares' resignation brings fresh uncertainty

Stellantis shares slumped as much as 8.9% on Monday to their lowest in more than two years after CEO Carlos Tavares resigned ...

2hon MSN

Stellantis dealers glad Tavares is out, but now concern grows for the future

Then, they want a new CEO to put the transformation to electric vehicles front and center. Finally, some analysts said the ...

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