Stellantis confirmed CEO Carlos Tavares will retire in early 2026. The automaker, facing declining earnings in North America, recently lowered its 2024 profit forecast and announced management changes. Stellantis faces growing competition from Chinese electric vehicle makers in Europe and aims to adopt a siVideo-Typemilar competitive approach. The company plans to have 100% of its passenger car sales in Europe and 50% in the U.S. be electric by 2030.
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