The automaker announced that Stellantis CEO Carlos Tavares has resigned immediately due to "different views" with the board. Tavares played a key role in Stellantis’ 2021 formation via the Fiat Chrysler and PSA merger. He faced criticism this year for underperformance in the U.S. market, job cuts, and cost-saving measures. The United Auto Workers union and U.S. dealerships had called for Tavares’ removal. Stellantis shares have dropped more than 40% in 2024 amid revenue declines and missed targets.