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Stellantis CEO says company is on pace to fix sales problems [Video]

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Brand Strategy

Stellantis has struggled this year in both Europe and the U.S., where sales are down 20% through September compared with last year.

DETROIT — Stellantis is fixing its slowing U.S. sales at the right pace after fumbling a marketing plan earlier this year, CEO Carlos Tavares told reporters Monday.

Tavares, who last week pushed out the company’s chief financial officer and the chief operating officers for both North America and Europe in a management restructuring, told reporters at the Paris Motor Show that he is responsible for the bad things that have happened at the company, but also for the good.

“If I don’t want that responsibility I should do something else,” said Tavares, who reiterated that he plans to retire when his contract expires in 2026. The board last month confirmed that it’s searching for a successor.

Stellantis, formed from the 2021 merger of France’s PSA Peugeot and Fiat Chrysler …

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