Carlos Tavares has quit as the head of Stellantis with immediate effect.
Tavares’ exit from the company – which owns brands including Vauxhall, Jeep, Fiat, Peugeot and Chrysler – comes two months after the carmaker issued a profit warning after a sharp drop in sales in North America. Last week, Stellantis also announced plans to close its Vauxhall van-making factory in Luton, Bedfordshire.
Stellantis started the process of appointing a new chief executive officer is well...
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