Stellantis, a major automotive conglomerate, is facing significant challenges with declining sales and profits, leading to stock price drops and potential strikes by US factory workers. CEO Carlos Tavares is under scrutiny for the company’s struggles, with dealers criticizing decision-making that prioritized short-term profits and resulted in falling market share. Despite dealer backlash and mounting pressure, Stellantis stands by Tavares’s compensation as in line with industry standards.
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Why automotive manufacturing firm Stellantis, owner of Jeep, is struggling | World News
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