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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Just like it says on the tin – retailers are advertising killer deals on the fun-to-drive Kia Niro EV, with one midwest auto dealer reporting more than $10,000 off the sticker price of the Niro EV Wind. That’s nearly 25% off the top line price!
The Kia Niro EV gets overshadowed by its objectively excellent EV6 and EV9 stablemates – both of which are currently available with substantial lease cash and 0% APR financing, in fact – but that doesn’t mean it’s not an excellent little electric runabout in its own right.
The last time I had a Niro EV tester, my kids loved it, I liked that it was quicker and more tossable than I expected it to be, and my wife liked the fact that “it doesn’t look electric. It looks normal.” And, with well over 200 miles of real world range (EPA-rated range is 253 miles), it was more than up to the task of commuting around Chicago and making the trip up to the Great Wolf Lodge in Gurnee and back without even needing to look for a charger.
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It’s not the primary family hauler I’d choose – but as a second car? As a primary car for a slightly smaller family (1-2 kids, instead of 3-4)? The Kia Niro EV Wind, with a $42,470 MSRP, seems like a solid, “can’t go wrong” sort of choice. You know?
You won’t even have to pay that much, though. Raymond Kia in Antioch, Illinois is advertising a $42,470 Niro EV for $32,431 (that’s $10,039, or about 24% off the MSRP), and several others are advertising prices in the $33,000 range.
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Many school districts who used EPA funding to help purchase Lion Electric school buses are now stuck with broken down or unsafe vehicles – but Lion’s new Canadian investors seemingly have no plans to make things right.
“All four Lion buses that we own are currently parked and not being used,” Coleen Souza, interim transportation director of Winthrop Public Schools, told Jay Traugott over at Clean Trucking. “Two of them are in need of repairs which would cost us money which we are not willing to invest in because the buses do not run for more than a month before needing more repairs.”
As bad as the revelations of safety and drivability issues and $250 million in unresolved debt have been, it’s the objectively stupid design choices that have been the most shocking.
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“Lion built an auxiliary diesel heater to heat the bus, essentially writing the manual as they went,” explained a school superintendent in the midwest, who asked not to be named. “It was fascinating to watch but there were design flaws with the heater. For example, the intakes pointed downward and we’re driving across rural roads and the intake sucks in that dirt.”
“Using a diesel-powered heater to warm an electric bus also somewhat defeats the purpose of going 100% zero-emissions,” added Traugott.
Despite a new electric school bus rebate and a fresh cash injection from Vincent Chiara, president of Quebec real estate powerhouse Groupe MACH, and Lion director Pierre Wilkie, however, it seems like no help is coming.
It just gets worse and worse
Decommissioned Lion electric buses; via Winthrop Public Schools.
The US school districts who spent tens of millions of taxpayer dollars in the hopes that Lion buses would help decarbonize their fleets and reduce students’ exposure to harmful diesel emissions? Many of them are back to using diesel, while others are trying to get their deposits back so they can buy something else.
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Mitsubishi is partnering with Ample and Yamoto Transports to deploy an innovative new battery swap network for electric cars in its Japanese home market — but it’s not just for electric cars. Mitsubishi Fuso commercial trucks are getting in on the action, too!
Despite a number of early EV adopters with an overdeveloped concept of ownership, battery swap technology has proven to be both extremely effective and extremely positive to the overall EV ownership experience. And when you see how simple it is to add hundreds of miles of driving in just 100 seconds — quicker, in many cases, than pumping a tank of liquid fuel into an ICE-powered car — you might come around, yourself.
That seems to be what Mitsubishi thinks, anyway, and they’re hoping they’ll be your go-to choice when it’s time to electrify your regional and last-mile commercial delivery fleet(s) by launching a multi-year pilot program to deploy more than 150 battery-swappable commercial electric vehicles and 14 modular battery swapping stations across Tokyo, where the company plans to showcase its “five minute charging” tech in full view of hundreds of commercial fleets and, crucially, the executives of the companies that own and manage them.
How battery swap works for electric trucks; via Mitsubishi Fuso.
A truck like the Mitsubishi eCanter typically requires a full night of AC charging to top off its batteries, and at least an hour or two on DC charging in Japan, according to Fuso. This joint pilot by Mitsubishi, Mitsubishi Fuso Trucks, and Ample aims to circumvent this issue of forced downtime with its swappable batteries, supporting vehicle uptime by delivering a full charge within minutes. The move is meant to encourage the transport industry’s EV shift while creating a depository of stored energy that can be deployed to the grid in the event of a natural disaster — something Mitsubishi in Japan has been working on for years.
The pilot is backed by Tokyo Metropolitan Government’s “Technology Development Support Project for Promoting New Energy,” with local delivery operator Yamato Transport testing swappable EVs for delivery operations on both its eCanter light-duty trucks and Mitsubishi Minicab kei-class electric vans.
Electrek’s Take
Fuso eCanter battery swap; via Mitsubishi.
Electrifying the commercial truck fleet is a key part of decarbonizing city truck fleets – not just here in the US, but around the world. I called the eCanter, “a great product for moving stuff around densely packed city streets,” and eliminating the corporate fear of EV charging in the wild just makes it an even better product for that purpose.
Here’s hoping we see more “right size” electric solutions like this one (and more battery swapping tech) in small towns and tight urban environments stateside somewhat sooner than later.
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