Stellantis confirmed CEO Carlos Tavares will retire in early 2026. The automaker, facing declining earnings in North America, recently lowered its 2024 profit forecast and announced management changes. Stellantis faces growing competition from Chinese electric vehicle makers in Europe and aims to adopt a siVideo-Typemilar competitive approach. The company plans to have 100% of its passenger car sales in Europe and 50% in the U.S. be electric by 2030.
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00:00It's Benzinga, and here's what's on the block.
00:02Stellantis confirms CEO Carlos Tavares will retire in early 2026.
00:07The automaker, facing declining earnings in North America, recently lowered its 2024 profit
00:12forecast and announced management changes.
00:15Stellantis faces growing competition from Chinese electric vehicle makers in Europe
00:19and aims to adopt a similar competitive approach.
00:22The company plans to have 100% of its passenger car sales in Europe and 50% in the US be electric
00:28by 2030.
00:29For all things money, visit Benzinga.com.