Stellantis CEO Tavares Quits and Hands Over to Interim Committee.

Stellantis NV CEO Carlos Tavares has resigned amid declining profits and weakened US sales, leading to the appointment of an interim committee headed by Chairman John Elkann. A new CEO is expected to be named in the first half of 2025, following Tavares's departure due to differing views on the company's future. Tavares, known for his cost-cutting abilities, faced challenges with sliding sales, an outdated US vehicle lineup, and bloated inventory, resulting in a significant drop in Stellantis's shares over the past year. [Extracted from the article]