Tavares's cost-cutting approach initially helped, but more recently the company's US sales were down 17% this year compared to last year, indicating deep-seated issues in strategy.
The EV problem dominates the automotive landscape, as demand for electric vehicles slows, forcing manufacturers to alter strategies that once anticipated steady growth in this sector.
Chinese competitors are gaining ground with budget-friendly EVs, creating a tough challenge for traditional automakers who must now contend with profitability and market share issues.
Stellantis's new leadership will inherit significant challenges, including steep sales declines and legal battles with the United Auto Workers union, shaping a tumultuous period ahead.
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