Stellantis CEO Carlos Tavares Resigns Amid Financial Challenges

Carlos Tavares has officially stepped down as CEO of Stellantis, prompting a search for a new leader amid significant challenges in the automotive market. The company faces a projected cash burn of €10 billion and a 40% decline in stock value this year. As Stellantis navigates this leadership transition, stakeholders are eager to see how the new CEO will address financial hurdles and advance electric vehicle initiatives.