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 Carlos Tavares, the CEO of Stellantis, has unexpectedly stepped down from his role, leaving the carmaker's boardroom in turmoil. Stellantis, which oversees a portfolio of well-known brands like Chrysler, Vauxhall, Jeep, Fiat, and Peugeot, announced Tavares' departure with immediate effect. His resignation follows a series of setbacks for the company, including a profit warning issued two months ago and a recent announcement to shut down the Vauxhall van factory in Luton, putting approximately 1,100 jobs at risk. Stellantis CEO Carlos Tavares steps down following boardroom tensions In a statement regarding the leadership change, Henri de Castries, Stellantis' senior independent director, explained that "in recent weeks, different views had emerged, leading to a mutual decision between the board and the chief executive." The abrupt nature of Tavares’ departure has raised questions about the internal dynamics at the company, especially after the CEO’s long-standing ...