There were high hopes when Fiat Chrysler Automobiles and the PSA Group officially completed their merger on January 16, 2021. But things haven’t worked out quite as planned, the automaker now known as Stellantis struggling to reverse a sharp decline in sales and earnings. While the company insists it’s on the mend, some wonder if it would be better to consider this a failed experiment and break the company up. That notably includes former CEO Carlos Tavares. Headlight.News has more.
Stellantis has a new CEO. After a nearly 6-month search, Antonio Filosa steps into the vacancy created by the unexpected resignation of Carlos Tavares last December. The 51-year-old Filosa faces some serious challenges, including weak sales by key brands Ram and Jeep. He may also face the question of whether to abandon some of the 14 Stellantis brands, such as Chrysler and Fiat. More from Headlight.News.
The promised turnaround at Stellantis all but sputtered out during the first quarter as sales in the U.S. dropped by double digits. With the search for a new CEO still ongoing, the Euro-American automaker struggles to find its direction, reports Headlight.News.
If you’re wondering just how bad things got for Stellantis last year, consider the fact that its Ram pickup fell off the podium, losing its traditional third-place position in the U.S. sales race – behind the Ford F-Series and Chevrolet Silverado – to Toyota’s RAV4 SUV. Overall, the Euro-American automaker was one of only two manufacturers to report a decline in sales in 2024 and faces serious challenges to turn things around in 2025.
Stellantis CEO Carlos Tavares resigned unexpectedly on Sunday, the automaker saying “different views have emerged” in recent weeks as the Euro-American automaker struggled to come up with a way to reverse weakened sales and earnings. No immediate successor was named, though it appears that the automaker’s Chairman John Elkann effectively will take control until a replacement is named. This is a breaking story. Headlight.News will have a longer analysis shortly.
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.
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.
As Maserati continues to struggle with poor sales and a sluggish transition into EVs, Stellantis CEO Carlos Tavares says that poor marketing is to blame for the brand’s ongoing woes.
Prominent Jeep and Ram dealers are increasing pressure on Stellantis executives to boost sales in the United States in the wake of a substantial market-share decline.
Since the formation of Stellantis a few years ago, speculation about what will happen with the low-selling, but still-iconic Chrysler brand has run rampant. Officials, led by CEO Carlos Tavares, assured there were plans for Chrysler. However, time has passed with just one product left, the Chrysler Pacifica minivan, and now someone wants to resurrect the brand: Walter P. Chrysler’s great-grandson. Find out more at Headlight.News.
Could Stellantis abandon one or more of its 14 automotive brands? In light of the automaker’s weak second-quarter earnings, that is a distinct possibility, warned CEO Carlos Tavares. But which of those marques are the most endangered? Headlight.News takes a closer look and a few seem ripe for the chopping block.
Jeep will introduce a $25,000 EV in 2027, officials from parent Stellantis confirmed on Thursday. CEO Carlos Tavares – who first dropped hints about the affordable offering last month – added a number of other details during a meeting with investors.