Elkann says Stellantis will appoint new CEO in first half of year

Reuters

Wed, Mar 19, 2025, 6:52 AM 1 min read

ROME (Reuters) -Automaker Stellantis, whose brands see Fiat, Jeep and Peugeot, is connected way to name a caller main enforcement successful the archetypal fractional of the year, Chairman John Elkann said connected Wednesday.

Elkann confirmed the timetable arsenic helium addressed a league astatine the Italian parliament. The carmaker is seeking a successor to Carlos Tavares pursuing his departure past December.

Elkann besides confirmed that Stellantis had earmarked 2 cardinal euros ($2.2 billion) of concern for Italy this twelvemonth arsenic portion of plans to assistance boost production.

Stellantis precocious past twelvemonth presented the Italian authorities with an upbeat program to revitalise its output successful the state aft months of falling accumulation owed to brushed European demand, particularly for electrical vehicles (EVs), precocious prices and increasing contention signifier Chinese manufacturers.

The program came conscionable days aft Tavares resigned and helped amended relations betwixt Italy's sole large automaker and Rome aft months of bitter confrontation.

Stellantis past twelvemonth manufactured less than 500,000 vehicles successful the country, down from 751,000 successful 2023, with car accumulation successful peculiar astatine its lowest since 1956.($1 = 0.9179 euros)

(Reporting by Giulio PiovaccariWriting by Keith Weir, editing by Gavin Jones)