Over the past few months, the parent company behind one of Detroit's most beloved car brands, the multinational automaker Stellantis (STLA) , has taken a dark path as it navigated a dark hole. During its first half 2024 earnings call back in July,

The global automaker’s sales in North America fell over the past year as dealers struggled to sell high-cost models.

The company, facing slumping sales, announced that Carlos Tavares would step down immediately and that a search for a new chief was underway.

The departure of Carlos Tavares from the automotive giant he helped create follows his inability to move on from previously successful strategies when faced with new, shifting challenges.

Key Takeaways Stellantis shares tumbled following the carmaker's announcement that CEO Carlos Taveras resigned, effective immediately.The struggling company expects to name a replacement next year.Stellantis also reiterated its 2024 outlook after warning that U.

Stellantis (STLA) stock sank on Monday after CEO Carlos Tavares abruptly handed in his resignation as issues pile up at the automaker.

Stellantis CEO Carlos Tavares resigned amid strategic disagreements and financial mismanagement. Read more to see my recommendation for STLA stock.