Stellantis chief executive Carlos Tavares on Sunday resigned “with immediate effect”, the auto giant announced, signalling differences over how to confront the group’s profit slump.
The Italian-US-French company, whose brands include Fiat, Peugeot-Citroen, Opel, Maserati, Chrysler, Ram and Jeep, said in a statement that the board had accepted the resignation of the 66-year-old Portuguese executive.
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