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Stellantis Stock Hits 2-Year Low After CEO Departure
STLAStellantis(STLA) Schaeffers Investment Research·2024-12-02 15:36

The automaker cited “different views” between its former CEO and board of directorsShares of Stellantis NV (NYSE:STLA) are down 7.8% to trade at 12.17atlastglance,afterCEOCarlosTavaresabandonedhisroleonSundayamidstrugglingJeepandRamsales.Theautomaker −−whichisalsotheparentof PeugeotandFiat−−noted“differentviews”betweenTavaresanditsboardofdirectors,andexpectstoreplacehiminthefirsthalfof2025.Sharesearliergappedtoafreshtwo−yearlowof12.17 at last glance, after CEO Carlos Tavares abandoned his role on Sunday amid struggling Jeep and Ram sales. The automaker -- which is also the parent of Peugeot and Fiat -- noted “different views” between Tavares and its board of directors, and expects to replace him in the first half of 2025.Shares earlier gapped to a fresh two-year low of 12.13, and are pac ...