Electric car crisis sparks calls to dismantle ‘Frankenstein' Vauxhall owner [Yahoo! Finance]
RENAULT SA UNSP/ADR (RNLSY)
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Source: Yahoo! Finance
The former Stellantis boss – whose abrupt departure emerged late on Sunday – had overseen yet another year of record profits at the world's fourth-biggest carmaker. This was partly the result of relentless cost-cutting, after the Portuguese executive in 2021 masterminded the stitching together of Fiat Chrysler and PSA Group to create a carmaking Frankenstein's monster. But behind the enormous scale of Stellantis, problems have been brewing that have since brought Tavares's tenure to a screeching halt. They threaten to create a nightmare for his successor as well. Among them is the question of whether Stellantis, a global behemoth spanning 14 brands including Vauxhall, Fiat, Peugeot and Jeep, can continue as a vast chimera, analysts said on Monday. At the same time, the chief executive's demise is the latest sign of turmoil gripping Europe's car industry as Chinese rivals muscle in to their markets around the world. “The situation is getting so difficult, not just for Stella
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