The company announced today that CEO Carlos Tavares will retire at the end of his contract in 2026, and a host of other executives are being around being shuffled around immediately. The changes come as Stellantis struggles to manage its US auto business,

Stellantis today announced that CEO Carlos Tavares will be stepping down. The United Auto Workers union has pointed the finger directly at Tavares for failed promises, and while it may seem on the surface like this is a knee-jerk reaction meant to calm investors down after numerous recent recalls and quality issues,

There were even rumours recently of a move to replace him. Those have been met with official denials, but a statement released by Stellantis today, Carlos Tavares will retire at the end of his mandate as CEO, i.e. at the beginning of 2026.