Carlos Tavares, who had been under fire and was expected to leave at the end of his contract, resigned abruptly on Sunday.

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Carlos Tavares, who had been under fire and was expected to leave at the end of his contract, resigned abruptly on Sunday.

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Carlos Tavares abruptly stepped down from his position as CEO of Stellantis on Sunday after facing scathing criticism of how he handled the company. Meanwhile, Stellantis shares go southward.

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After months of the automaker's poor U.S. performance, the chief executive officer of Stellantis has been fired.