Global automaker Stellantis has confirmed that his long-tenured CEO, Carlos Tavares, will retire when his current contract expires in early 2026. The news was joined by additional executive shakeups as Stellantis has named new chiefs for its European and North American operations as well.
Carlos Tavares has been a mainstay in the global automotive industry well before Stellantis existed in its current iteration. The Portuguese executive joined Renault at an early age in the 1980s before working for Nissan in the mid-2000s through its alliance with Renault (now the Renault-Nissan-Mitsubishi alliance).
In 2011, Tavares worked underneath Carlos Ghosn as the chief operating officer of Renault before butting heads with the controversial CEO and leaving the company in 2013. A year later, Tavares was back in the industry as CEO and chairman of the managing board of Peugeot S.A., where he led the acquisition of Opel and spearheaded the merger with Fiat Chrysler that would eventually evolve into Stellantis.
Carlos Tavares was the first-ever CEO of Stellantis and has held the reigns since, finding plenty of success while also putting his foot in his mouth on several occasions, especially as the industry continues to shift toward going all-electric.
Following rumors that began to swirl this past September, Stellantis has confirmed the Tavares era will come to an end when the CEO’s current contract expires, and it now has about one year to name his successor.
Source: Ecole polytechnique / Flickr
Stellantis to name its next CEO by late 2025
As reported by Automotive News Europe, Stellantis has confirmed current CEO Carlos Tavares will step down and retire when his contract expires in early 2026. The news follows previous reports that the automotive conglomerate was searching for a successor. However, Stellantis said there was still a chance Tavares could continue as its chief operating officer after his contract expires.
Per Stellantis, chairman John Elkann is leading a special committee overseeing the search to find a successor to Tavares and expects to name that individual by Q4 2025.
While we await that news, Stellantis has announced several other personnel changes effective immediately. Jean-Philippe Imparato has been appointed chief operating officer for Stellantis Europe and will remain CEO of the Pro One LCV division. He will replace current COO Uwe Hochgeschurtz, who is leaving the company.
Santo Ficili will take over as CEO of Alfa Romeo and Maserati, inheriting the previous leadership roles of Imparto and Davide Grasso, respectively. Stellantis has not announced Grasso’s next position or whether he will remain with the company.
Current Jeep CEO Antonio Filosa will take on a new dual role that now includes chief operating officer of Stellantis North America, taking over for Carlos Zarlenga, whose next role has yet to be shared publicly.
Looking back, Tavares’ run as CEO of PSA and Stellantis features plenty of success and leadership. However, recent years have proven more challenging for the world’s fourth-largest automaker, especially sales in North America.
The company recently lowered its annual forecast from positive cash flow to negative, sending its stock tumbling. While the prospect of fresh leadership at the CEO may help ease investors’ worries, the immediate executive shakeups (21 senior management changes in the last 12 months) exemplify a struggling company’s efforts to find its footing.
Despite Tavares’ waffling over EV adoption, he helped set Stellantis on a path to make 100% of its passenger car sales in Europe and 50% of passenger cars and light-duty trucks in the US to be EVs by 2030. Stellantis and Tavares’ successor must pick up the pieces and push forward when the current CEO retires.
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The “Three” is Hyundai’s first compact electric vehicle concept under the IONIQ series, set to bring a radical new design to the family.
According to Hyundai, the Concept Three “represents the next step in the company’s electrification journey.” Production is expected to begin in early 2026 at Hyundai’s manufacturing plant in Turkey, with deliveries starting shortly thereafter.
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The new design, “Art of Steel,” is inspired by Hyundai’s advanced steel technology. Hyundai calls the Aero Hatch profile “a new typology that reimagines the compact EV silhouette.”
Hyundai kept a few of its signature design elements from other IONIQ EV models, like the Parametric Pixel lights at the front and rear.
The Hyundai Concept THREE EV, a preview of the IONIQ 3 (Source: Hyundai)
With its official debut approaching, a few IONIQ 3 prototypes have been spotted driving in public in South Korea. Despite heavy camouflage, you could tell the production version was shaping up to be nearly identical to the Concept Three.
A new image from KindelAuto offers a closer look at the IONIQ 3, spotted in Europe with barely any camouflage.
You can clearly see the vehicle’s profile stays close to the concept, with a sleek, hot-hatch design and a ducktail spoiler.
The compact EV is 4,287 mm long, 1,940 mm wide, and 1,428 mm tall, with a wheelbase of 2,722 mm, or about the size of the Kia EV3 or Volkswagen ID.3.
The Hyundai Concept THREE EV, a preview of the IONIQ 3 (Source: Hyundai)
Hyundai has yet to reveal battery specs or prices, but it’s expected to offer 58.3 kWh and 81.4 kWh battery packs, like the Kia EV3, providing a WLTP range of around 365 miles. Given the Kona Electric starts at £35,000 ($47,000), the IONIQ 3 will likely be priced closer to £25,000 ($33,700).
For those in the US, sadly, the IONIQ 3 is not expected to make the trip overseas, given America’s growing love for bigger trucks and SUVs.
The IONIQ 5 does, however, remain one of the most affordable EVs in the US, starting at under $35,000 with leases as low as $189 per month.
If you’re considering an EV, Hyundai’s lineup is absolutely worth checking out —offering over 300 miles of range, fast charging, modern tech, at a price that’s actually reasonable. Check out the links below to see what’s available by you.
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Tesla CEO Elon Musk went on a podcast this week to express regret over the time he spent trying to destroy the American government, claiming that he wouldn’t do it again.
In the first half of this year, Musk took a position advising convicted felon Donald Trump (who cannot legally hold office in the US) on what essential government jobs to trim.
He named the group he led the “Department of Government Efficiency,” despite that it was never an actual government department, nor did it do a whole lot to increase efficiency as we will see below.
Musk claimed before taking the position that he could save the government $2 trillion – which was always going to be literally impossible, given the amount of discretionary spending in the US budget, as anyone with a passing interest in American government could have told you at the time.
All in all, Musk claims that he cut around $200 billion from the government’s budget, but actual analyses show that those numbers were fake and in fact that his actions likelyincreased the budget deficit, rather than decreasing it. This is due to the disruption in necessary government services, higher costs for employee severance, and lost revenue for the government as ultra-wealthy tax cheats will be able to get off without paying their fair share.
And, in the interim, republicans passed a law that gives away $4 trillion to those same wealthy elites, adding $3.3 trillion to the deficit. That number is 16 times larger than even the inflated $200 billion “savings” number Musk claims.
How Musk’s actions harmed Tesla, not just the US
But Musk’s actions cosplaying as a government official had other effects than his failure to effectively cut waste: they turned public opinion against his companies, mainly Tesla.
These results were eminently foreseeable – anyone can tell you that business leaders typically should remain neutral on politics as a rule, and generally only speak on issues that directly involve their company or industry.
Wading into wedge issues and identity politics as a business leader can only serve to turn off customers, and since negative motivations are generally stronger than positive ones, you will net lose sales even if you appeal to some portion of the population with your advocacy.
And if you do advocate for something, it should probably be for something that will help your companies, rather than hurt them.
But Elon Musk is different. Unlike most business leaders, he has millions of useful idiots at his beck and call on twitter at any time (and it is indeed where he spends all of his time), ready and willing to tell him that all of his ideas are genius, no matter how braindead they are, or how recycled they are from his rage-filled feed which seems to be his only source of information these days. Why should conventional wisdom apply to someone who is constantly told conventional wisdom doesn’t apply to him?
And so, he ignored – or rather, probably didn’t even see, given the echo chamber he has formed around himself – the conventional wisdom telling him what a bad idea all of this was. And now, years later, he’s finally showing the slightest moment of lucidity that perhaps all of the above was not a great use of time.
Musk finally recognizes what we’ve been telling him all along
This week, Musk went on a podcast (hosted by Katie Miller, wife of American white supremacist Stephen Miller) and claimed that his advisory board was “a little bit successful. We were somewhat successful,” which is a rather middling assessment given his big initial claims of being able to save the government trillions of dollars.
But further, he went on to say that he wouldn’t do it all over again, and that “instead of doing DOGE, I would have, basically, built … worked on my companies.”
He said that if he had done that instead, “they wouldn’t have been burning the cars.” This is a reference to Tesla protests, which have largely not included burning anything, but which have been widespread globally.
We, of course, agree that that would have been a better course of action. Which is why we said it at the time. Perhaps it’s time to get off twitter and read some real thoughts for once, Mr. Musk. We’re not sure if the damage you’ve done is repairable (though it was certainly preventable), but as they say, “garbage in, garbage out” – the more nonsense you read, the more nonsense you’ll continue to get up to.
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BMW is the latest major automaker to officially gain access to the Tesla Supercharger network in North America. Starting today, BMW EV drivers in the US can access over 25,000 Tesla Superchargers, adding a massive boost to the charging options for owners of the i4, iX, and other electric models from the German automaker.
It follows a wave of other automakers gaining access over the last year as the industry transitions to NACS (North American Charging Standard), Tesla’s proprietary connector that has now become the standard.
BMW confirmed today that the update is effective immediately. Owners can find Tesla Superchargers directly in their vehicle’s navigation system and the My BMW app.
However, like most other automakers making this transition, there is hardware involved. Current BMW EVs, which are equipped with CCS ports, will require a CCS-to-NACS adapter to use the vast majority of Tesla’s V3 and V4 Superchargers.
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According to BMW, official adapters will go on sale as accessories starting in Q2 2026. That is a bit of a wait, but in the meantime, some third-party adapters are already on the market.
For those lucky enough to live near one of Tesla’s few “Magic Dock” locations (Superchargers with a built-in CCS adapter), any BMW EV can charge immediately without needing to buy extra hardware.
BMW also clarified its timeline for native NACS ports, which will eliminate the need for an adapter entirely. The transition begins with the 2026 BMW i5 M60, followed by other models throughout the year, including the highly anticipated Neue Klasse iX3, which is expected to be a competitor of the higher-end trims of Tesla’s popular Model Y.
Interestingly, there is a software hurdle for some specific 2026 models. BMW noted that the 2026 iX and i5 eDrive40 will not be able to use Tesla Superchargers until they receive a remote software upgrade, also scheduled for Q2 2026.
One of the biggest pain points for non-Tesla EVs using the Supercharger network has been the user experience. Tesla has set a high bar with its “plug and play” ecosystem.
BMW seems to have done a good job integrating this. The automaker says that its Plug & Charge is supported at Tesla stations. You won’t need the Tesla app to start a session. Instead, billing is handled through the customer’s Shell Recharge account, which is integrated into the My BMW app.
Pricing will follow Tesla’s standard rate structure for non-Tesla vehicles, which is generally higher than what Tesla owners pay unless you pay a monthly membership fee.
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