2 months ago
14
23rd August 2024, 15:58
Senior - BHPian
Join Date: Mar 2021
Location: Bangalore
Posts: 2,368
Thanked: 22,622 Times
USA: Stellantis CEO visits Detroit with purpose to make caller strategy amidst lagging profits
According to media reports, Carlos Tavares, CEO of Stellantis, is visiting Detroit, USA, amidst his summertime interruption to make a caller strategy to hole the brand's struggling North American operations.
As per reports, Tavares going to the USA during his summertime interruption is due to the fact that "He wanted to marque wide that helium was handling it personally". The caller strategy is aimed astatine fixing the struggling operations of Stellantis' North American operations, portion besides assuaging investors and worker concerns. The caller strategy is expected to beryllium formed successful a week. Reports besides added that the North American operations fundamentally funded the remainder of the group.
As per the CEO, Stellantis North America is facing respective issues, from precocious conveyance inventory to manufacturing problems to however the full happening is being handled. The company's shares person reportedly fallen by 50% since March this year.
During the USA visit, Tavares volition prosecute with the apical absorption to enactment connected a strategy that addresses each the issues. The CEO adjacent took the blasted for not acting upon the problems plaguing the North American operations sooner.
Source: Reuters
Last edited by RahulNagaraj : 23rd August 2024 astatine 15:59.
