Stellantis searches for a new CEO to cut losses

Stellantis said Tavares’s five-year contract is a little over a year from its expiration date in 2026. Struggling Jeep and Ram maker Stellantis is looking for a CEO to succeed Carlos Tavares, but the company says it’s just part of a normal leadership succession plan.Tavares has been under fire from U.S. dealers and the United Auto Workers union after a dismal first-half financial performance when the company was caught off guard with too much high-priced inventory on dealer lots.As head...