English

CEO Stellantis Carlos Tavares speaks during the Paris Automotive Summit on the sideline of the Paris Auto Show, in Paris, Tuesday, Oct. 15, 2024. (AP Photo/Michel Euler)

Business

Video. Stellantis CEO Tavares quits: Why his EV bet sparked his departure

Updated: 02/12/2024 - 9:49 GMT+1

Carlos Tavares has resigned as Stellantis CEO after nearly four years, amid plunging electric vehicle sales and rising competition from Chinese car makers. His departure highlights the mounting challenges for legacy carmakers in the EV transition.

Read full article

Top stories

Now playing Next

Latest news bulletin | March 6th, 2026 – Evening

Now playing Next

‘Starting from a strong base’: Ceri Morgan on resetting the UK–Europe business relationship

Partner content presented by DBT

Now playing Next

Gas prices nearly double as Europe braces for Iran war energy shocks

Now playing Next

European gas prices surge by up to 45% as Qatar stops LNG production

Now playing Next

Watch: Faith leaders pray over Trump in Oval Office

Now playing Next

Trump fires US Homeland Security Secretary Kristi Noem

Now playing Next

Trump wants 'unconditional surrender' as Israel hits Khamenei's bunker

Now playing Next

Healing is the new luxury: How Thailand is luring tourists with gastronomy and wellness

Now playing Next

'Everyone loves Bukele for it,' El Salvador's VP Ulloa defends mass crackdown of gangs

Now playing Next

Macao: A year-round destination with dynamic events and a buzzing new area

Now playing Next

Iran: Worshippers in Tehran rally after Friday prayers

Now playing Next

Iceland plans August referendum on resuming EU membership negotiations

ADVERTISEMENT

ADVERTISEMENT

More from Business

Business

World Governments Summit: Flying cars and robots move from science fiction to reality

Business

Greece bets on LNG corridor to power Europe’s post-Russia energy future

Business

Scandinavian Airlines CEO: AI can cut disruption response times

Business

Hugo Boss CEO: Quiet luxury and smarter shoppers are reshaping fashion

Latest video

Azerbaijan

International community condemns Iranian drone attack on Nakhchivan

Europe Today

Nikolaj Coster-Waldau defends the United Nations against 'world controlled by the strongest only'

Spotlight

A new city master plan reshapes an entire capital for 2040

Made in Europe

Ariane 64: Europe enters the era of mega-constellations with Amazon Leo satellites

World News

Watch the video: How is artificial intelligence used in warfare right now?

The Cube

Did you spot these fake videos about the Iran war?

United Arab Emirates

Over 1,000 drones intercepted over UAE so far as Euronews correspondent reports from the region

Tech News

Smartphones for pets? This wearable device lets your pets call you when they need attention

ADVERTISEMENT

Europe News

European Commission presents intergenerational fairness strategy

Tech News

Honor’s new ‘robot phone’ wants to be your best AI friend and dance with you

Cinema

Euronews Culture's Film of the Week: 'The Bride!’ - MOTHERF*%#ING geometry

Europe in Motion

Are European women closing the leadership gender gap?

Europe News

Ukraine accuses Hungary of seizing bank convoy carrying gold, cash and staff

No Comment

UK: Crufts opens in Birmingham with more than 20,000 dogs

Brussels, My Love?

Podcast: From Brussels to Iran — celebrations and struggles this International Women’s Day

No Comment

Rescuers race to find survivors after deadly nursing home collapse in Brazil

ADVERTISEMENT

ADVERTISEMENT