​Tensions Rise At Stellantis After Dealer Network Pens Open Letter To CEO Over “Damaging Brands” – Tyler Durden

Tensions Rise At Stellantis After Dealer Network Pens Open Letter To CEO Over “Damaging Brands” Tensions are rising at automaker Stellantis, where dealers recently penned a letter to Chief Executive Officer Carlos Tavares, accusing him of the “rapid degradation” of the automaker’s brands, according to a new report from Bloomberg. US dealer network leaders said Tavares has engaged in “short-term decision making” that boosted last year’s profits and increased his compensation but hurt the Jeep, Ram, Dodge, and Chrysler brands. The Bloomberg report notes that since U.S. sales plunged, cutting first-half earnings nearly in half, Tavares has cut jobs and reduced capacity at American…  — Continue at ZeroHedge News : Read More