Stellantis has appointed Antonio Filosa as its new CEO following the departure of Carlos Tavares amid board disputes. Filosa, a seasoned veteran of the company, faces a challenging environment marked by declining sales, high labor costs, and sluggishness in transitioning to electric mobility. Stellantis aims to leverage its diverse brand portfolio, encompassing Fiat to Jeep, to address changing market dynamics. To thrive, Filosa must facilitate increased cooperation among brands while navigating the industry's urgent shift towards electrification and technology-driven automotive solutions.
Stellantis is under pressure as it faces profitability and sales issues, compounded by industry-wide challenges, forcing new CEO Antonio Filosa to drive a turnaround.
The company's future hinges on its ability to adapt to electric mobility, which has not been a strong suit under previous leadership, creating urgency for change.
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