Stellantis is seeking a new CEO as part of a regular leadership succession plan, despite significant pushback from dealers and labor unions following disappointing financial results.
Tavares has been criticized for the company's 48% profit drop in the first half of the year, attributed to high inventory levels and struggling sales.
The head of the U.S. dealers council urged Stellantis to increase discounts to alleviate high dealer inventory, expressing concern over the company's market approach.
UAW President Shawn Fain has demanded Tavares' resignation, criticizing ongoing delays in reopening a factory and launching a new electric vehicle battery plant.
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