Stellantis is in search of a new CEO as part of a leadership succession plan, following criticism over financial performance, especially in North America.
The normal succession process suggests that Tavares may leave before his contract expires in 2026, amid concerns regarding stagnant profits and high inventory.
Industry experts see the search for a new leadership as a strategic move to stabilize company operations and address mounting challenges in the U.S. market.
CEO Carlos Tavares' efforts to cut costs have included delaying factory openings and laying off union workers as Stellantis faces dropping profits and sales.
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