Carlos Tavares, the CEO of Stellantis, has resigned unexpectedly, prompting discussions about the company’s future. His departure comes after a significant decline in sales and profits, with Stellantis’ share price dropping by 40% this year. Recently, the company announced plans to close its Vauxhall van factory in Luton, risking 1,100 jobs. The board cited differing views as the reason for Tavares’ exit. Stellantis will establish an interim executive committee as it searches for a new CEO, expected to be appointed by mid-2024.