Carlos Tavares

Stellantis NV (NYSE:STLA)’s struggles in 2024 have been nothing short of profound. The company's stock has plummeted 47% year to date, nearly halving its market value amid a confluence of negative factors, now further compounded by the departure of the CEO Carlos Tavares. Tavares’...

Editor’s Note: This story has been updated with a confirmation from Stellantis. Italian automaker Stellantis NV (NYSE:STLA) is looking for a new CEO to replace Carlos Tavares, the company said in a statement on Tuesday. What Happened: Tavares took the helm of the company in January 2021. The...

Carmaker Stellantis NV (NYSE:STLA) said on Wednesday that it takes “absolute exception” to the open letter sent by the President of U.S. Stellantis National Dealer Council (NDC) Kevin Farrish to company CEO Carlos Tavares, terming it a “public personal attack.” What Happened...

Stellantis NV (NYSE:STLA) announced on Wednesday that it is investing more than $406 million in three Michigan facilities to support its multi-energy strategy. What Happened: As per a press release on Wednesday, the investment will accelerate the retooling of the Sterling Heights Assembly Plant (...

Stellantis NV (NYSE:STLA) CEO Carlos Tavares is reportedly slated to visit Detroit this week in a bid to revive the company’s struggling North American operations. What Happened: The CEO is looking to develop a strategy to fix the automaker’s operations in North America by the end of...

Electric vehicles are about to get a whole lot more affordable in the United States, as both Stellantis NV‘s (NYSE:STLA) iconic Jeep brand and Detroit-based General Motors (NYSE:GM) prepare to shake up the market amid the impending Chinese threat closing in on American shores. What Happened:...

The odds of a United Auto Workers strike are 90%-plus, Evercore ISI analyst Chris McNally said Thursday.  "A good compromise is when both sides are unsatisfied," McNally wrote in a note. "We are likely going to have a bunch of discontented people." What Happened: The union...

Bloomberg As Elon Musk, Twitter CEO Postpone Depositions, Legal Fraternity Wary Of Tesla Chief's Tendency To Insult Opposing Attorneys The much-awaited deposition of Elon Musk in the Twitter Inc (NASDAQ: TWTR) lawsuit has been delayed, according to several reports, citing...

Tesla, Inc. (NASDAQ: TSLA) by virtue of its first-mover advantage has maintained its pole position in the EV industry. The field, however, is getting crowded with the passing of each day, given government mandates, environmental concerns and the allure of the massive market opportunity. Tesla has...

Tesla Inc (NASDAQ: TSLA) released its Model S in June 2012. Over the years, the company has watched its production and deliveries numbers rise along with its share price. Leading automotive companies such as Ford Motor Company (NYSE: F) and General Motors Company (NYSE: GM) are...

Stellantis CEO Carlos Tavares The world's fourth largest automaker officially came into existence today. What Happened: The $52 billion merger between Peugeot S.A. and Fiat Chrysler Automobiles NV (NYSE: FCAU), which took a year to finalize because of the COVID-19 disruption, was formally...

Bayerische Moto/S ADR (OTC: BMWYY) CEO Harald Krüger’s announcement last week that he will step down as head of luxury carmaker BMW is the latest in a string of auto company CEO turnovers — the fourth this year. The departures remove decades of experience in the top posts at the...