Tavares has been under fire from US dealers and the United Auto Workers (UAW) union after a dismal first-half financial performance when the company was caught off guard with too much high-priced inventory on dealer lots.
DETROIT, Michigan — Struggling Jeep and Ram maker Stellantis is looking for a chief executive officer to succeed Carlos Tavares, but the company says it is just part of a normal leadership succession plan.Tavares has been under fire from US dealers and the United Auto Workers union after a dismal first-half financial performance when the company was caught off guard with too much high-priced inventory on dealer lots.
When the company told the autoworkers union that it would delay plans to reopen a factory and build a new electric vehicle battery plant in Belvidere, Illinois, UAW President Shawn Fain called for Tavares to be fired. The company agreed to the plans in a new contract with the UAW that was signed after a six-week strike last fall.The union has filed grievances and threatened to strike over the delays, which the company says are necessary due to market conditions in the US.
Stellantis Is Searching For New CEO
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