STELLANTIS CEO CARLOS TAVARES WILL STEP DOWN

EV Channels Review

Carlos Tavares is reportedly stepping down as CEO of Stellantis, a move that comes amidst significant profit challenges and declining sales, particularly in the US. The video suggests this departure is a positive development for shareholders and consumers alike, citing the underperformance of the 'Dare Forward 2030' plan and the high cost of EVs as key issues. The reviewer highlights the struggles with inventory, particularly with unsold Dodge Chargers and Challengers, and the depreciation of Hemi-powered vehicles due to oversupply. The discussion also touches upon potential future powertrains, the possibility of a new V8, and the challenges of integrating new engines like the inline-six into existing platforms. The potential return of Mike Manley as CEO is presented as a promising prospect for revitalizing the company's North American and European operations, emphasizing his market knowledge and leadership experience. The review also critiques the current product lineup, noting that many vehicles are too expensive or not tailored to the American market, with a strong call for more affordable and practical options.