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Stellantis CEO resigns as carmaker continues to struggle with slumping sales

  • Stellantis CEO Carlos Tavares has resigned effective immediately, as stated by the company's Board of Directors on December 1, 2024.
  • The resignation follows a significant drop in Stellantis’ sales, leading to unsold vehicles and layoffs, according to reports.
  • Stellantis reported net revenues of 33 billion euros from July to September 2024, down from 45 billion euros in the prior year.
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