Stellantis CEO Carlos Tavares has never been one to shy away from candid and sometimes uncomfortable statements about the company’s market position. And his response to the company’s latest earnings report – in which it saw a net profit plunge of 48% – is no exception.


The automaker’s chief executive indicates there may be some tough decisions ahead as he looks to right the ship, among them reducing production rates to deal with high inventory rates in North America.


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