Carlos Tavares resigned as CEO of Stellantis in December 2024. The company has since appointed Antonio Filosa as his successor and has begun restructuring several of its brands as the auto giant looks to a brighter future. However, according to Tavares, that future may be uncertain.
In a new book – first reported by Automotive news Europe– the former CEO suggests Stellantis could be headed for a major breakup. The company was founded in 2021 through the merger of Italy’s Fiat Chrysler and France’s PSA Group and currently operates 14 brands worldwide.
“I fear that the three-way balance between Italy, France and the US will break,” Tavares writes. “Now that I am gone, I am not sure that the French interests that I always put first – whether you believe it or not – will be defended as well.”
Tavares speculates that a Chinese manufacturer could take over Stellantis’ European operations, while the American arm could regain full control of brands such as Chrysler, Dodge, Jeep and Ram. He argues that this split could strengthen the competitive position of both parties, especially in the US.
Still, Tavares’ predictions should be taken with a grain of salt.
The former CEO stepped down in 2024 following backlash over aggressive cost-cutting measures and an ambitious shift to an all-electric offering – a strategy that has since backfired. Although Tavares insists he was not forced to leave, in retrospect he admits he could have done “a lot of things” differently.
Source:
Automotive news Europe
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