Stellantis’ new CEO, Antonio Filosa, inherited a struggling company from his predecessor, Carlos Tavares. Despite Tavares’ missteps, Filosa is working to turn things around by relocating the CEO’s office to Detroit and making leadership changes globally. However, Stellantis recently faced a major setback, with shares dropping over 24% after announcing a $26 billion charge to revamp its electric vehicle strategy. This news comes amid a trend of automakers facing fines for emissions violations, with Stellantis and General Motors both paying hefty penalties. Despite efforts to improve, the road ahead for Stellantis remains challenging.

Read more at Yahoo Finance: Stellantis shocking announcement leads to huge stock decline