00:00It's Benzinga, and here's what's on the block.
00:02Stellantis confirms CEO Carlos Tavares will retire in early 2026.
00:07The automaker, facing declining earnings in North America, recently lowered its 2024 profit
00:12forecast and announced management changes.
00:15Stellantis faces growing competition from Chinese electric vehicle makers in Europe
00:19and aims to adopt a similar competitive approach.
00:22The company plans to have 100% of its passenger car sales in Europe and 50% in the US be electric
00:28by 2030.
00:29For all things money, visit Benzinga.com.
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