Stelltis boss Tavares resigns: Italy demands clarity to the future!

Stelltis boss Tavares resigns: Italy demands clarity to the future!

Torino, Italien - The sudden resignation of Carlos Tavares, the CEO of Stellantis, made waves in Italy. Led by the Italian government, which calls for a clear answer, Fiat heritage John Elkann is invited to the parliament to report on the future of the Stellatis works in Italy. "The transition to new management requires responsibility, the securing of jobs and competence expansion", according to the group leader of "Fratelli d’Italia", Tommaso Foti, as reported.

In this context, Elkann is confronted with sharp criticism. The Lega around Vice Prime Minister Matteo Salvini questions the decisions of Tavares and speculates about possible premiums for its fallen leadership. Unions also comment on the effects, because almost 70,000 jobs could be at risk from the planned exit from combustion technology from 2035. Italian GDP and many livelihoods hang on the silk thread, because the auto industry is more than 5 percent of the gross domestic product.

Stellantis under pressure

The situation regarding vehicle production in Italy is alarming. Like rainews.it reports, Tavares is now expected in parliament to explain the worrying decline in industriality. This year, fewer than 500,000 vehicles could be produced, which means half of the originally targeted goal. The majority of this production is limited to the electrical Fiat 500, while the numbers for traditional models have dropped dramatically. The opposition parties are pushing measures to prevent "flight from Stellantis from Italy".

The Italian government has already taken steps to monitor the conditions for the automotive industry. The legal pressure calls on Stellantis to clarify their strategies for obtaining production goals in Italy, while a process for identifying tavares' successor is also being prepared to secure the future of the company.