Tag Archives: carlos tavares

Carlos Tavares to Step Down from Airbus Board

“This personal decision should allow Carlos to dedicate his full professional time to leading Stellantis to success, together with the leadership team, through this critical transformation period in the automotive industry,” Stellantis said in a statement. Continue reading

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Christine Feuell New Chrysler Brand CEO at Stellantis

Stellantis said today that Christine Feuell will join Stellantis as Chrysler Brand CEO on September 13, reporting to CEO Carlos Tavares. Previously Feuell was Chief Commercial Officer at Honeywell Safety and Productivity Solutions (SPS). SPS claims “to provides products, software … Continue reading

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Stellantis to Buy First Investors Financial Services

This is either an opportunity or survival necessity, depending on your viewpoint. It will allow Stellantis to provide customers and dealers a range of financing options, including retail loans, leases, and floorplan financing in the near term. A so-called “captive U.S. finance company”  can provide revenue and marketing incentives in the digital age for customers who purchase Jeep, Ram, Dodge, Chrysler, Fiat and Alfa Romeo vehicles. Continue reading

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Stellantis Reports Legacy FCA, PSA 2020 Financial Results

Nonetheless Stellantis was profitable in 2020 despite COVID-19 with 7.1% Automotive adjusted operating margin at €3.4 billion. Its 9.4% H2 Automotive adjusted operating margin was a record. The net result of group share was €2.2 billion with €2.7 billion Automotive free cash flow and a €13.2 billion Automotive net financial position. Continue reading

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Stellantis – a Mega Merger of Auto Companies Names Execs

Today Stellantis officially announced its Executive Team along with the 9 dedicated committees* covering enterprise-wide performance and strategy for running the merged FCA and PSA companies. It is the latest merger in the capital-destroying automotive industry that seeks to pursue … Continue reading

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Meeting: IG Metall, Opel Works Council, PSA Group on GM Selling Opel/Vauxhall

There is, of course, a large amount of ceremonial ritual about takeovers. The acquired are treated differently once they are in the harem. Remember the merger of equals between Chrysler and Daimler, when Daimler basically took over the company and stripping assets on the way. Beijing Jeep in the world’s largest car market is now building Mercedes-Benz models. Continue reading

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Tavares Replaces Pélata as COO of Renault as Fallout from Spy Case that Embarrassed French Government Continues

Renault announced yesterday in Paris that Carlos Tavares is its new chief operating officer, replacing Patrick Pélata. It was the latest development in an industrial espionage case that embarrassed the French government and saw the firings of Remy Pagnie, Director of Group Security, as well as his two co-workers, Dominique Gevrey and Marc Tixador. Continue reading

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Nissan Americas Appoints Former GM Engineer to Head Research & Development, Replacing Japanese Executive

Nissan Americas today announced the appointment of Carla Bailo, 50, as senior vice president, Research & Development-Nissan Americas, effective April 1. Bailo succeeds Motohiro Matsumura, currently president, Nissan Technical Center North America (NTCNA), who will be returning to Nissan Motor Company in Japan to an as yet unnamed position. Continue reading

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