Carlos Tavares resigned as CEO of Stellantis in December 2024. The company has since appointed Antonio Velosa as his successor and has begun restructuring several of its brands as the auto giant looks toward a brighter future. But Tavares says this future may be uncertain.
In a new book – quoted for the first time Car news europe– The former CEO indicates that Stellantis may be heading towards a major breakup. Founded in 2021 through the merger of Italy’s Fiat Chrysler and France’s PSA Group, the company currently operates 14 brands worldwide.
“I am concerned that the tripartite balance between Italy, France and the United States will be broken,” Tavares wrote. “After I am gone, I am not sure that the French interests I have always carried in my heart – whether I believe it or not – will be well defended.”
Tavares predicts that the Chinese manufacturer could take over Stellantis’ European operations, while the US arm may regain full control of brands such as Chrysler, Dodge, Jeep and Ram. He believes that this division could strengthen each side’s competitive position, especially in the United States.
However, Tavares’ predictions should be taken with a grain of salt.
The former CEO stepped down in 2024 after a backlash over aggressive cost-cutting measures and an ambitious shift toward an all-electric vehicle range — a strategy that has since backfired. While Tavares insists he was not forced to leave, he admits in hindsight that he could have done so.Tons of stuff“differently.
source:
Car news europe
