Stellantis CEO Carlos Tavares clashed with board before quitting as shares tumble
Stellantis(STLA) New York Post·2024-12-02 20:23Outgoing CEO Carlos Tavares clashed with Stellantis’ board over his plans to quickly turn around the ailing US business by cutting costs, rather than focusing on long-term strategy, investors and bankers familiar with the matter said on Monday.Shares in the Jeep, Fiat and Peugeot manufacturer slumped as much as 10%, hitting their lowest since July 2022, as investors worried about the vacuum left at the top of the world’s No. 4 carmaker following Tavares’ resignation on Sunday. The stock closed down 6.3% in ...