Stellantis Faces Significant Challenges Amid Management Restructuring
Stellantis is currently grappling with declining sales and intensified competition, particularly in the U.S. market, where a 20% drop in Q3 sales has been reported. As pressure increases, CEO Carlos Tavares is considering a major management shakeup to address these issues. Analysts have criticized Stellantis for its overconfidence in pricing power, which is believed to be contributing to its sales woes. The company is implementing strict cost-cutting measures under a policy referred to as 'Doghouse' and is facing dealer backlash along with looming strikes. With iconic brands like Chrysler and Dodge at risk, the upcoming Stellantis Board Meeting is expected to address these urgent challenges and strategize for future improvements.
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