Carlos Tavares has resigned as CEO of Stellantis, the parent company of Vauxhall, amid profit warnings and the closure of Vauxhall's Luton factory. Stellantis aims to boost electric vehicle demand and is planning to transfer jobs to its Ellesmere Port site.
Carlos Tavares , the CEO of Vauxhall 's parent company, Stellantis , has resigned abruptly following a profit warning issued in September. The closure of the Vauxhall factory in Luton, announced a few months prior, is part of the company's strategy to boost demand for electric vehicles . Stellantis , which manufactures brands like Jeep, Fiat, and Peugeot, has seen a significant drop in its share value this year, largely due to challenges in the North American market.
The company is now in discussions with unions and employees to transfer over 1,100 jobs to its Vauxhall site in Ellesmere Port, Cheshire, accompanied by a £50 million investment in the site
Carlos Tavares Stellantis Vauxhall Luton Factory Electric Vehicles Job Transfers
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