From Yahoo Finance: 2025-05-28 12:00:00

Stellantis appoints Antonio Filosa as CEO amidst shrinking profits and U.S. sales decline. Filosa, with 25 years of experience, takes over from Carlos Tavares. The company faces a tough road ahead after a rough 2024, with analysts predicting further profit erosion in 2025.

Stellantis’s U.S. sales slump, high sticker prices, and trade uncertainties pose challenges. The company suspended 2025 financial guidance due to tariff concerns. Filosa, as COO of the Americas, focused on supply chain improvements and dealer communication. Stellantis aims for ambitious EV targets but adjusts strategies in response to market conditions.

Filosa to take over as CEO on June 23, succeeding Tavares. John Elkann will remain executive chairman until then. Stellantis highlights Filosa’s leadership qualities amid challenges. The company emphasizes its heritage of innovation and dedication to customer satisfaction for future success.

Read more: Stellantis has a new CEO