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.
Stellantis CEO Carlos Tavares
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.
As Profits Sag and Inventories Bulge, Tavares Visits U.S.
With North American sales and earnings on the slide, Stellantis faces a number of challenges that have already led to some major changes in upper management and layoffs on the factory floor. And CEO Carlos Tavares is under mounting pressure to find a fix, reports Headlight.News.
Stellantis Offers Buyouts, Warns about Layoffs
Stellantis CEO Carlos Tavares is burnishing reputation as a cost-cutter with another round of buyout offers for salaried executives. He’s also warning there could be a round of layoffs if the buyouts don’t achieve the reduction goals. Find out more at Headlight.News.
Stellantis “In the Black” on EV, Says CEO, But Tavares Warns Other Automakers Could Be Forced Out by Losses
With rare exception EVs have been big money-losers for the auto industry. But there are a few exceptions, starting with Tesla. Now, Stellantis CEO Carlos Tavares says his companies electrified vehicles also are “in the black.” Speaking at an industry conference, Tavares warned that automakers who can’t improve margins could be forced out of business by the end of the decade.