Carlos Tavares, the former CEO of Stellantis, led the European automotive conglomerate that absorbed Fiat Chrysler Automobiles since its inception in 2021, but his recent departure has opened the story vault of internal clashes and micromanagement,

Outgoing CEO Carlos Tavares clashed with Stellantis' board over his plans to quickly turn around the ailing U.S. business by cutting costs, rather than focusing on long-term strategy, investors and bankers familiar with the matter said on Monday.

Carlos Tavares, the former CEO of Stellantis, led the European automotive conglomerate that absorbed Fiat Chrysler Automobiles since its inception in 2021, but his recent departure has opened the story vault of internal clashes and micromanagement, according to a new report from CNBC.

Stellantis Chief Executive Carlos Tavares has resigned, the automaker said on Sunday, adding it aimed to find a new head in the first half of 2025.

Targets deemed unrealistic or destructive by some board members triggered the sudden fall of Stellantis CEO Carlos Tavares just a month after he received their full backing, two people with knowledge of the matter told Reuters.

Sources told CNBC that Carlos Tavares was fixated on near-term costs and profits to the detriment of the business as well as the company's products.

Unnamed sources at Stellantis are reportedly claiming that former CEO Carlos Tavares was the driving factor behind the decision to remove the Hemi V-8 from passenger cars.

Stellantis insiders are saying that Tavares was the key driver of the Hemi V-8's death in its passenger cars. C arlos Tavares is gone as Stellantis' CEO, and in the aftermath of h