Stellantis CEO Tavares loses core customers due to price hikes, plans to launch new models

From Investing.com: 2024-12-02 04:01:14

24-year-old Elena Aragon opted for a Hyundai over Fiat and Peugeot due to rising prices at mass-market brands under Stellantis. CEO Carlos Tavares resigned following slumping sales and bloated inventories, impacting core European markets. Stellantis plans to launch 20 new models aiming for a 20% market share in the EU. Chinese automakers pose a threat to Stellantis with higher prices and lack of differentiation among brands.



Read more at Investing.com: Seeking higher margins, Stellantis CEO Tavares lost some core customers By Reuters