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• The resignation of Carlos Tavares as CEO of Stellantis follows a decline in U.S. sales, with the board citing 'different views' as the reason for his departure, emphasizing the need for alignment among shareholders and corporate leadership.
• Stellantis is facing severe financial challenges, with a projected cash burn of up to €10 billion largely due to dwindling sales and excessive inventory, factors that have raised alarm among investors and prompted urgent management changes.
• Tavares's leadership style, previously respected, faced scrutiny for blending aggressive cost-cutting with hasty strategies to fix immediate issues in the U.S. market, leading to friction with board members and stakeholders.