Hyperdrive
Stellantis CEO’s Relentlessness Reemerges as Car Dynamics Shift
Carlos Tavares is cutting jobs, offering buyouts and squeezing governments after years of firefighting through supply issues.
Stellantis CEO Carlos Tavares at CES in January.
Photographer: Bridget Bennett/BloombergThis article is for subscribers only.
In Italy, Stellantis NV is cutting jobs and being accused of skimping on janitorial work. In the US, it’s offering buyouts to scores of staff and has idled a Jeep factory.
In Canada, the carmaker halted construction of a new battery facility, pending more government aid. And in the UK, it’s warned Parliament that post-Brexit trade rules and other issues could doom the country’s EV manufacturing prospects.