Stellantis CEO Carlos Tavares faced criticism over aggressive cost-cutting and failure to adapt to U.S. market needs, leading to his abrupt resignation. Tavares’ focus on aggressive cost-cutting, achieving double-digit profit margins, and his disregard for input from U.S. executives were cited as key factors behind Stellantis' struggles and his recent departure. Sources described his short-term profit-driven approach as detrimental to the company's products, workforce, and stakeholder relationships. Stellantis shares fell over 40 in 2024, lagging behind competitors GM and Ford. The board cited "different views" with Tavares as the reason for his exit.