Stellantis CEO steps down over lackluster performance


By Xia Lin

NEW YORK, Dec. 2 (Xinhua) -- U.S. Chrysler parent Stellantis N.V. has said its Chief Executive Officer Carlos Tavares is stepping down, effective immediately, after the automaker's sales and profit sharply declined this year.

The company's board of directors accepted Tavares' resignation on Sunday from his role as CEO with immediate effect, Stellantis said in a press release.

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