Stellantis CEO Carlos Tavares faced criticism over aggressive cost-cutting and failure to adapt to U.S. market needs, leading to his abrupt resignation. Tavares’ focus on aggressive cost-cutting, achieving double-digit profit margins, and his disregard for input from U.S. executives were cited as key factors behind Stellantis' struggles and his recent departure. Sources described his short-term profit-driven approach as detrimental to the company's products, workforce, and stakeholder relationships. Stellantis shares fell over 40% in 2024, lagging behind competitors GM and Ford. The board cited "different views" with Tavares as the reason for his exit.
