Stellantis Corporate Strategy Update

Stellantis CEO Carlos Tavares has announced a strategic shift for the automaker due to its financial decline in the first half of 2024 Tavares revealed plans to phase out brands within the company that fail to turn a profit This decision follows a notable decrease in sales, with numbers falling to EUR 84,504 million from the EUR 98,063 million reported in the same period last year. Tavares aims to streamline operations and focus resources on brands and initiatives that deliver the highest returns.