Electric car crisis sparks calls to dismantle ‘Frankenstein’ Vauxhall owner
At the same time, the chief executive’s demise is the latest sign of turmoil gripping Europe’s car industry as Chinese rivals muscle in to their markets around the world. The qualities that won Carlos Tavares praise at the height of his powers have now been blamed for his undoing as Stellantis boss - Benoit Tessier/Reuters “The situation is getting so difficult,
Boss of car making giant Stellantis abruptly quits
Carlos Tavares' abrupt exit comes two months after Stellantis issued a profit warning. Last week, the firm also announced plans to close its Vauxhall van making factory in Luton,
Stellantis chief executive Carlos Tavares resigns
In September, Stellantis had launched a search for a successor to Tavares, but he had been expected to complete his term as chief executive through until early 2026. Tavares joined France’s Peugeot owner PSA in 2014,
Boss of Vauxhall owner quits amid electric car slump
The boss of Stellantis has resigned after overseeing a sharp drop in car sales, as the Vauxhall owner struggles with the shift to electric vehicles.
C.E.O. of Stellantis, Which Owns Chrysler and Jeep, Resigns
The company, facing slumping sales, announced that Carlos Tavares would step down immediately and that a search for a new chief was underway.
Stellantis Shares Slump More Than 7.5% After CEO’s Sudden Resignation
The CEO’s exit comes after the automaker reported a slump in sales and slashed its profit outlook earlier for this year.
CEO of Jeep-maker Stellantis Carlos Tavares resigns amid sales slump
Stellantis chief executive Carlos Tavares resigned "with immediate effect" on Sunday, the maker of Jeep and Ram vehicles announced. The big picture: The Italian-U.S. auto maker had faced a sales slump and Stellantis' senior independent director Henri de Castries said in a statement that "in recent weeks different views have emerged which have resulted in the Board and the CEO coming to today's decision.
Stellantis CEO steps down as carmaker continues struggle with slumping sales
As head of PSA Peugeot, Carlos Tavares took control of the company in January 2021 when it merged with Fiat Chrysler Automobiles.
Vauxhall’s Luton plant ‘still faces closure’ despite shock exit of cost-cutting chief
More than €3.3bn (£2.7bn) was wiped off the value of Stellantis after its boss quit abruptly amid struggles to make the shift ...
Luton engineering pupils 'devastated' by Vauxhall factory closure
Pupils say they wanted to 'continue the lineage' by becoming the next generation to work at Vauxhall's Luton factory, but ...
Vauxhall's troubles began with Brexit - former boss
The British Broadcasting Corporation Brexit caused Vauxhall’s troubles says former boss Mark Noble stepped down as Luton ...
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Vauxhall’s hot GSe brand to be boosted by full EVs next summer
The GSe brand was launched in 2022 as an electrified successor to the GSi logo that adorned Vauxhall cars from the 1987 ...
Billions wiped from share price as Vauxhall parent firm's boss abruptly resigns - days after Luton plant announced closure
Stellantis's chief executive resigns after a difficult year, which saw the firm announce Luton's Vauxhall plant will close in ...
Boss of major carmaker which produces Vauxhall, Citroen, Jeep AND Peugeot motors suddenly quits as sales drop
THE boss of a major carmaker has sensationally stepped down – leaving the company’s future in an uncertain position. Chief ...
'I found out I lost my Vauxhall job on WhatsApp'
A forklift worker at the plant, who has been with the company for 10 years, said he was "pretty depressed" by the news. He ...
Vauxhall closure set to have '£310m impact on Luton'
The closure of the Vauxhall plant in Luton will cost the town a total of about 3,700 jobs and have a £310m impact on the ...
2024 Vauxhall Grandland Electric Starts at £37,345
The Vauxhall Grandland Electric is making a significant impact on the electric vehicle (EV) market, offering an impressive ...
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Vauxhall owner shares fall as boss suddenly quits
Stellantis shares plummet as CEO Carlos Tavares abruptly resigns following the announcement of the closure of the Luton ...
Vauxhall owner Stellantis shares tumble after unexpected exit of chief executive
Stellantis noted on Sunday that the process to appoint a new, permanent chief executive was 'well under way', but also ...