Steered by Chairman John Elkann, Stellantis, owner of 14 brands including Fiat, Jeep and Ram, is acting swiftly to dismantle the legacy of its former CEO and repair relations with dealers, industry partners,

The future of Stellantis is one of the most fascinating developing stories in the auto industry. On December 1, Carlos Tavares abdicated his role as CEO of the automotive conglomerate. Since then, John Elkann has been leading the company’s interim executive committee while searching for a new, permanent boss.

Stellantis Chief Executive Carlos Tavares has resigned, the automaker said on Sunday, adding it aimed to find a new head in the first half of 2025.

Carlos Tavares is stepping down as Chief Executive Officer of Stellantis, effective immediately, following a sharp decline in the carmaker’s sales. As the Wall Street Journal notes, in July, the company reported that its net profit for the first half of the year had dropped by 48 percent compared to 2023.

On 1 December 2024, the automotive world was informed about the resignation of the head of the Stellantis corporation. This move had not been previously announced, so it is no surprise that it came as a shock to many.