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Carlos Tavares is no longer the CEO of Stellantis

This past Sunday, Stellantis announced that its CEO had resigned after informing President of the Republic Sergio Mattarella and Premier Giorgia Meloni. The newly formed temporary Executive Committee will be headed by John Elkann, president of the Stellantis group. Potential candidates for the new CEO position have already emerged: the Frenchmen Olivier Francois and Jean-Philippe...

New Moody’s report highlights persistent problems in the European car industry

The famous credit rating agency, Moody’s, published a new report that reasserts the negative performance suffered by different European car manufacturers like Volkswagen, Stellantis, and BMW for this year. Low estimates for sales, profitability and cash-flow characterize the outlook for the whole 2024. According to the rating agency, a return to positive performance could be...

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