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Nissan's Chief Financial Officer Stephen Ma is expected to step down amid ongoing management upheaval and significant job cuts. This follows the departure of COO Ashwani Gupta and comes as the company faces pressure from activist investors and declining performance. Shares have dropped significantly this year.
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Carlos Tavares has resigned as CEO of Stellantis, effective immediately, amid declining sales and internal board disagreements. His departure follows a profit warning and significant stock price drop, raising concerns about the company's future direction and leadership during a critical transition to electric vehicles.
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Stellantis is navigating a leadership crisis following the resignation of CEO Carlos Tavares amid tensions with the board over operational strategies. The company is under pressure from investors and dealers as it grapples with declining sales and market share, particularly in North America. An interim committee is now seeking a new CEO.
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Honda and Nissan are in discussions about a potential merger to enhance their competitiveness against global electric vehicle leaders like Tesla and BYD. The talks may lead to a new holding company, with Mitsubishi Motors possibly joining the venture. An announcement could come as soon as December 23, 2024.