Stellantis CEO blames poor marketing plan for inventory issues

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Stellantis CEO blames poor marketing plan for inventory issues

Stellantis CEO Carlos Tavares on Monday in France addressed the automaker’s recent leadership shake-up and what he expects from his new team.

What the “previous people” could not achieve was visible in the lack of results, said Tavares, who has been facing increasing pressure to improve the company’s fortunes.

“What I expect is that the new leadership team is going to be stronger in getting the profit, the share, the customer satisfaction,” he said.

Last week, Stellantis named the head of Jeep, Antonio Filosa, as the new chief operating officer for North America, and Doug Ostermann, Stellantis China’s chief operating officer, as chief financial officer for the whole company. The automaker’s struggles have been mounting this year, particularly in the crucial U.S. market, with down sales in recent quarters, high inventory levels, battles with the UAW and U.S. dealers, who have blasted Tavares for the direction of the company, and lowered financial guidance.

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