Stellantis (STLA) shares sank after the the struggling carmaker said over the weekend that CEO Carlos Tavares was stepping down, effective immediately.
Outgoing CEO Carlos Tavares clashed with Stellantis' board over his plans to quickly turn around the ailing U.S. business by cutting costs, rather than focusing on long-term strategy, investors and ba

Here's why Stellantis stock is crashing

10:45am, Monday, 02'nd Dec 2024
While some automakers have navigated the transition away from internal combustion engines successfully, like electric vehicle trailblazer Tesla (NASDAQ: TSLA), other companies are struggling. The curr
Shares of Stellantis NV   (NYSE:STLA) are down 7.8% to trade at $12.17 at last glance, after CEO Carlos Tavares abandoned his role on Sunday amid struggling Jeep and Ram sales.
Stellantis CEO Carlos Tavares abruptly announced his resignation on Sunday after leading the car giant for four years. Its board is already looking for his permanent replacement.
The U.S. Energy Department said Monday it is proposing to loan up to $7.54 billion to a joint venture of automaker Stellantis and Samsung SDI to help build two electric vehicle lithium-ion battery pla
[00:00:00] Doug: Stellantis, big car company, nobody's ever heard of in the United States, but they just so happened to own the Chrysler brand, the Jeep brand, the Ram brand, the Dodge brand, the Ram
U.S. stock futures were mixed this morning, with the Dow futures falling around 0.1% on Monday.

Jeep and Chrysler Parent CEO Fired

08:15am, Monday, 02'nd Dec 2024
After months of the company's poor U.S. performance, the CEO of Chrysler, Jeep, Dodge, and Ram parent Stellantis N.V.
The Peugeot family holding company, a major shareholder in Franco-Italian carmaker Stellantis , on Monday expressed its continued support for the group after the surprise resignation of CEO Carlos Tav
CNBC's Phil LeBeau joins 'Squawk Box' with the latest news.
Shares of Stellantis—the automaker that owns key brands including Jeep, Ram and Chrysler—tanked sharply on Monday morning, hours after the company announced it had accepted CEO Carlos Tavares' abr
Stellantis NV (NYSE:STLA, EPA:STLA) chief executive Carlos Tavares' surprise departure has ladened even more pressure on the Vauxhall, Peugeot and Jeep maker's investment thesis, according to JPMorgan
Stellantis' indicated Carlos Tavares' views had become misaligned with those held by the company's board and shareholders

Stellantis CEO in shock resignation

04:46am, Monday, 02'nd Dec 2024
Stellantis CEO Carlos Tavares resigns with immediate effect while thousands of Volkswagen workers prepare to strike over lay-offs and wage disputes. Wall Street hits new records for November with the
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