Why Stellantis, Owner of Chrysler, Jeep and Ram, Is Struggling
Briefly

Stellantis is grappling with significant operational challenges, illustrated by dwindling sales, an abundance of unsold vehicles, and mounting dealer dissatisfaction, signaling a troubling outlook for the future.
The union representing U.S. factory workers is threatening strikes, citing Stellantis's failure to fulfill promises, thus exacerbating tensions and concerns regarding labor relations at the company.
Stellantis's stock has plummeted nearly 50% from its March high, highlighting the financial instability and loss of investor confidence in the company’s leadership and strategy.
The future of CEO Carlos Tavares is uncertain as Stellantis contemplates leadership changes by 2026, reflecting a lack of confidence amid ongoing sales and operational challenges.
Read at www.nytimes.com
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