Carlos Tavares Exits Stellantis Amid $40M Backlash, Elkann Takes Charge

[{"selector":"#anim-2cd16f73-33d0-4413-8016-109360602c9c","keyframes":{"opacity":[0,1]},"delay":150,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Sunita Somvanshi

[{"selector":"#anim-841ab1aa-486c-49e2-a17f-a71a530afbdf","keyframes":{"transform":["translate3d(-100%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1aab1d59-e411-4599-8452-b9f9f216c6e8","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cff60a3b-1d08-4bdd-b00e-cafab0162384","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-b95f4be8-fbc4-4eb9-8687-da039a0cca00","keyframes":{"transform":["translate3d(115.18987%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ba0094e3-bdf9-433d-b011-10d87a376cc1","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f5a438c7-42ed-4ec4-8ede-b9dc21891c0a","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-865afe33-c433-4e0a-8493-898840370842","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Carol, directed by New Queer Cinema Director Todd Haynes, has received a ten-minute standing ovation at its Cannes Film Festival international press screening and premiere." Photo Source: Alexander Migl (CC BY-SA 4.0)

[{"selector":"#anim-6fb2b73d-e48a-4c57-bb41-85e92042814f","keyframes":{"transform":["translate3d(99.27710%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-303df764-669b-4552-a76c-c26b4075a294","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-92c5db9e-ac4a-4846-8a07-3815413d1d04","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-a3fc73b8-40a4-423c-9988-136cd8b773c4","keyframes":{"transform":["translate3d(-115.53399%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a758e5d6-8708-4fe8-af2e-2cb761ff8e18","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a1e02eeb-129d-4294-a71b-bb94a7bc47f4","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-476c2526-870a-4edd-885c-dbca516af868","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Billionaire Fiat heir John Elkann, 48, takes immediate control through interim executive committee, inheriting mounting challenges. Photo Source: Exor S.p.A. (CC BY 3.0)

[{"selector":"#anim-f04e23d7-3fed-4759-8f57-abdc0a01630e","keyframes":{"transform":["translate3d(-100%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a5df4d78-9fd2-4261-9581-038943b4cb50","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-623ee687-6c65-45a7-8b79-cb1fa83f060b","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-57e2404b-6c53-46c1-94ec-cf2c1804cee0","keyframes":{"transform":["translate3d(117.79935%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4f3cd820-c176-4b31-b01c-31b2cab007bf","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7ca2456f-224d-4033-8597-17c3eb9c3c1d","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-72385600-2f20-43a0-ab45-0d51ad898e7a","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] North American market woes push Stellantis down to sixth place globally, as dealer revolt intensifies against company strategy. Photo Source: Programa Bahia Motor (CC BY 3.0)

[{"selector":"#anim-03ec0c32-4aeb-4d57-b8fd-d5aa8abb5b32","keyframes":{"transform":["translate3d(99.27710%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9598634c-8aac-4229-80e4-24ce1dd13bde","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4f516e00-f542-4e55-a746-416010abd399","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-67e39f6d-4f56-4339-a1ab-0fe3496bf58b","keyframes":{"transform":["translate3d(-115.53399%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-49f05ce2-8c4f-49fd-a0c9-2b6acfa46fa6","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-633f0675-d99a-463c-97d6-aa0360f7f871","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-5184f3f0-05aa-435c-ba05-5d0138315b4a","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Dealers blast Tavares's $40 million compensation package while criticizing short-term profit priorities over sustainable growth. Photo Source: Kevauto (CC BY-SA 4.0)

[{"selector":"#anim-244be940-fbfc-4ae3-a9bf-2abb4fd2f057","keyframes":{"transform":["translate3d(-100%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1b3d3016-ff56-4f53-90ba-f8c9d7e39fd2","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8c9e91e9-0511-4c84-a816-4169775dd12d","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-68d2dbae-ae27-4edf-8aab-98df77493acf","keyframes":{"transform":["translate3d(117.79935%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-44e9d1a3-a2a1-4381-b151-f08fa73750e3","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f6b126dd-63de-48d2-bc41-a77676f663fb","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-69a82522-21a5-4791-8d13-ed93f3afd455","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Elkann's Agnelli dynasty, often compared to Kennedys, faces another pivotal moment after previous tragedies shaped family business. Photo Source: Palazzo Chigi (CC BY-NC-SA 2.0)

[{"selector":"#anim-9e7bb4ee-f4b6-414e-9b42-e07900ae9e18","keyframes":{"transform":["translate3d(99.27710%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-80cfc838-7f0b-4bc4-a2f3-78b3fdd78ecf","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e8036ebd-d688-45d5-a4c6-5e5048b2f2aa","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-d995e51b-3e9c-44a5-a834-f1c3e1d24658","keyframes":{"transform":["translate3d(-115.53399%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e27614df-8966-4090-9152-1ba0b60a40dd","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-69fd12d4-c225-4d33-b4fe-a6f58bcc90da","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-10ce53e0-7aa3-4891-a4f2-d794ad3edebc","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Stellantis shares fall over 8% in European trading, with expectations of sharp decline at New York's Big Board opening. Photo Source: El monty (CC BY-SA 4.0)

[{"selector":"#anim-bcd43898-e0c1-4907-b2c4-31238a501d3f","keyframes":{"transform":["translate3d(-100%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-acc71f90-5a48-44ac-9893-8aa4b1bbca23","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-45399f79-bedc-4bff-9fa6-b0b3dd5988be","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-cf6aad94-dcb8-4e77-8e4f-e0e2627cf1d3","keyframes":{"transform":["translate3d(117.79935%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5b4c8ee0-aff9-4aac-8449-c7ff3d74b4d3","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0033591a-766f-4ded-942e-671de3456cd2","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-80a18f6b-6c34-43d5-830d-5789ac6359b7","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Carlos Tavares led successful mergers of PSA with Fiat Chrysler Automobiles in 2019, before recent company setbacks. Photo Source: Ministério da Saúde (CC BY-NC-SA 2.0)

[{"selector":"#anim-f7c58bf0-83ea-4341-bce5-e54a9e0c0bce","keyframes":{"transform":["translate3d(99.27710%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-31da06ac-4afe-4436-a05a-cf904673f634","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3726c567-7e11-4dd6-9455-246d278d7daf","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-625efacb-d587-42b2-844b-8dfb4f673f80","keyframes":{"transform":["translate3d(-115.53399%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-223d29ad-88de-4e2b-a9ee-625f46977251","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bf23a1e6-baaa-49c3-b9e3-296f5d8415d0","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-32afe889-13cd-42d5-880a-2b958dbe8708","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Search for permanent CEO replacement already underway, expected completion by first half of 2025. Photo Source: Ministério da Cultura (CC BY 2.0)

[{"selector":"#anim-b59ee25e-9922-46b1-88da-97b12c5d0b18","keyframes":{"transform":["translate3d(-100%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6ebc6e37-65ed-4337-bae6-976f07cbd981","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-564750d7-fa36-41ec-84dc-9b7c2945573b","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-83d3a374-6f36-4817-ab73-48f1b5849e12","keyframes":{"transform":["translate3d(117.79935%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-49a6d9f8-cb84-476e-87dc-ed1af42a4565","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-32393fd9-2779-47c5-b846-18355524f7ef","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-9e589fcb-baa4-4814-b667-da1608394bd0","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Italy's Deputy PM Salvini criticizes Stellantis for taking state aid while moving production overseas. Photo Source: Ottaviani Serge (CC BY-SA 4.0)

[{"selector":"#anim-ff5bd6a6-2863-4f8e-9218-8e9058a13a05","keyframes":{"transform":["translate3d(99.27710%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-32428b45-e7a1-44a4-8bf6-8d7327d62942","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-86f79c32-e3d3-4eea-b368-e311f04d6fde","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-d17b6920-103c-4902-bb4a-528a03f5b475","keyframes":{"transform":["translate3d(-115.53399%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a827c8f7-e15d-40c9-8c15-c3f6d044c447","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e3601d6e-6a4e-412a-9c4b-d76b1a60b608","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-64b969ef-d63f-412f-88f5-9621d2563ef3","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Board cites "different views" emerging in recent weeks as catalyst for immediate leadership change. Photo Source: Zotyefan (CC BY-SA 4.0)

[{"selector":"#anim-419fb05a-5a6f-4e4c-a875-b98b326c330b","keyframes":{"opacity":[0,1]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-26972a94-beac-4ce4-89cb-f54ec928cd13","keyframes":{"transform":["translate3d(-115.18988%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-247f7c88-acd0-4cde-9f4d-f9d0286f3a11","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-470b917f-9ad6-4461-bafc-2013dea7c02d","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] GM Recalls 132,000 Silverado and Sierra Trucks Over Faulty Tailgates Learn more

Carlos Tavares Exits Stellantis Amid $40M Backlash, Elkann Takes Charge

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