Carlos Tavares' abrupt resignation from Stellantis reflects deep-rooted tensions with chairman John Elkann, exacerbated by a decision to close a major factory risking jobs.
The closure of the Luton plant highlights Stellantis' struggles with UK's zero-emission vehicle mandates, showcasing conflicts between financial objectives and regulatory compliance.
Tavares' leadership has faced backlash for prioritizing share buybacks amid declining sales and significant financial losses, shedding light on the strategic challenges within Stellantis.
With a looming leadership vacuum and market share recovery needed, Stellantis faces an uncertain future as Elkann leads the search for Tavares' replacement.
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