Shares of Stellantis, the Franco-Italian-American automaker, fell significantly on December 2 after the resignation of CEO Carlos Tavares. The stock dropped as much as 8.71% in early trading, reflecting broader struggles in the automotive sector, including declines in shares for competitors like Renault and Volkswagen. Tavares’s exit follows a period of internal discord and challenges within the company, including a halved net profit in the first half of 2024 and quality issues with North American vehicles. The search for a new CEO is underway, expected to conclude by mid-2025.