Facing mounting criticism for the automaker’s recent plunge in sales and earnings, Stellantis CEO Carlos Tavares will retire in 2026. The announcement comes amidst a major shake-up in the automaker’s Euro-American management team.
Executives
Tesla Cybercab Highlights Elon Musk’s Glimpse into the Future
An ebullient Elon Musk took to the stage Thursday night not just to show off the long-awaited Cybercab, Tesla’s CEO offered a peek at what his idea of what the future should be, and that kicks off sometime near the end of 2026 when the first Cybercabs go into production. Get details at Headlight.News.
As Musk Preps to Debut Tesla RoboTaxi Automaker Struggles with Flood of Exec Departures
It’s a put-up-or-shut-up-day for Elon Musk as Tesla prepares to reveal its long-promised Cybercab, but the company has plenty of other challenges facing it right now, starting with the departure of four top-level executives leading an exodus of talent as insiders balk at the CEO’s increasingly erratic behavior.
Lucid Enjoys Strong Third Quarter, Beating Analyst Expectations
Lucid Group reported it delivered nearly 2,800 vehicles, which surpassed the expectations of analysts. The results are also in contrast to fellow EV startup Rivian. Get details about the results and what’s next at Headlight.News.
Stellantis Goes to Court to Block UAW Strike Vote
Stellantis is again squaring off with the United Auto Workers in a critical battle over the company’s efforts to trim costs and cut production, charging in a lawsuit the UAW is violating its contract with the company by filing what its lawyers describe as sham grievances.
Stellantis CEO Tavares Squashes Renault Merger Reports
With Stellantis trying to sort out what to do with its 14 brands, i.e. which ones to keep, CEO Carlos Tavares dismissed the notion that the company is looking to add another: French automaker Renault. Find out more at Headlight.News.
Mercedes-AMG Sees Big Opportunities for Performance EVs
While a number of automakers are rethinking their plans for EVs, Mercedes remains committed to the transition to battery-electric propulsion. And that includes its high-performance division, AMG. If anything, AMG CEO Michael Schiebe is convinced buyers “will jump into that new technology” as new models come to market.
Aston Martin Confirms It Will Miss Sales Target
Aston Martin confirms it will miss its 2024 sales goal as the British sportscar maker continues to struggle with financial woes and a rocky future as it prepares to launch an all-new lineup of vehicles.
Back in the News: Court Orders Carlos Ghosn to Return Super-Yacht and $32 Million to Nissan
Nissan showed its former CEO who’s “The Boss” as it won a battle in court ordering Carlos Ghosn to return a 121-foot yacht of that name, along with $32 million in damages. That’s the latest twist in a battle that began when the executive was arrested for alleged financial crimes in 2018.
Stellantis Set to Launch Layoffs Next Month — Even as it Faces Strike Threat
Stellantis Plans to lay off hundreds of full-time and seasonal employees starting October 1 as it enters “full execution mode” aimed at coping with slumping sales and earnings. But the cuts could lead to further friction even as members of the United Auto Workers Union vote on whether to authorize a strike at the Euro-American automaker.
Stellantis CEO Tavares May Be on His Way Out
Once one of the most respected executives in the auto industry, CEO Carlos Tavares is coming under withering fire from investors, dealers and employees as the company’s fortunes fade – especially in North America, its most profitable region. With his contract set to expire early next year, the automaker is considering whether it’s time for a management shake-up.
Legendary Auto Journalist David C. Smith — Mr. Automotive — Dead at 93
Automotive journalism has been filled with men and women who were memorable for their dedication to their craft as well as their colorful personalities. David Smith fits that description or perhaps, the description fits Dave. A mentor to scores of reporters and editors for decades, Smith died Thursday. He was 93. Read more at Headlight.News.