Stellantis has struggled significantly in the U.S. market, leading to a major overhaul of its leadership by ousting its CFO and planning CEO succession.
CEO Carlos Tavares emphasized the importance of adapting to industry changes, stating that they must prepare to deliver cleaner, safer, and more affordable mobility.
The new leadership team's goal is to address Stellantis's current challenges and transform the company into the preferred mobility tech provider.
The restructuring comes after a considerable drop in stock value and market share for Stellantis, following price hikes on key brands like Jeep and Ram.
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