Over the past few months, the parent company behind one of Detroit's most beloved car brands, the multinational automaker Stellantis (STLA) , has taken a dark path as it navigated a dark hole. During its first half 2024 earnings call back in July,

Stellantis shares tumbled following the carmaker's announcement that CEO Carlos Tavares resigned, effective immediately.

Stellantis NV Chief Executive Officer Carlos Tavares, known for his cost-cutting drive, stepped down from the automaker following a dispute with the board over how to arrest weakening sales and a stock slump.

The departure of Carlos Tavares from the automotive giant he helped create follows his inability to move on from previously successful strategies when faced with new, shifting challenges.

The chief executive of the automaker Stellantis, Carlos Tavares, has resigned, the company said on Sunday, amid a decline in profits and slumping sales in its key North America region. Mr. Tavares, 66,

(Reuters) -Shares in Stellantis slumped as much as 8.9% on Monday, hitting their lowest in more than two years, after CEO Carlos Tavares resigned abruptly on Sunday, deepening investors' worries about the turnaround of the world's No.