Stellantis boss Carlos Tavares abruptly quits in boardroom clash

Carlos Tavares will leave immediately, days after announcing plans to close a Vauxhall plant in Luton

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His abrupt exit from the company - which owns brands including Vauxhall, Jeep, Fiat, Peugeot and Chrysler - comes two months after Stellantis issued a profit warning.

Last week, the firm also announced plans to close its Vauxhall van-making factory in Luton, putting about 1,100 jobs at risk.

Before his resignation, Mr Tavares was one of the most powerful people in the global motor industry.

In a statement announcing Mr Tavares' departure, Henri de Castries, Stellantis’ senior independent director said: "Stellantis’ success since its creation has been rooted in a perfect alignment between the reference shareholders, the board and the chief executive.

https://www.bbc.com/news/articles/cvgx5pe4r0xo

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