Stellantis NV CEO Carlos Tavares resigned Sunday amid the automaker’s recent declining profits, sharply falling sales this year in the United States and mounting criticism from dealers and unions in recent months.

The chief executive of the automaker Stellantis, Carlos Tavares, has resigned, the company said on Sunday, amid a decline in profits and slumping sales in its key North America region. Mr. Tavares, 66,

Carlos Tavares, who had been under fire and was expected to leave at the end of his contract, resigned abruptly on Sunday.

Stellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the carmaker that owns brands like Jeep and Ram and Citroën and Peugeot

The Peugeot family holding company, a major shareholder in Franco-Italian carmaker Stellantis, on Monday expressed its continued support for the group after the surprise resignation of CEO Carlos Tavares.

Chrysler has gone through a series of rough corporate marriages. What's next after Stellantis CEO Carlos Tavares suddenly quit.

The abrupt resignation of Stellantis CEO Carlos Tavares sent shares in the world's No. 4 carmaker to more than two-year lows on Monday as investors questioned its turn-around plans. Tavares' exit leaves a void at the top of the company as management scrambles to address overcapacity and bloated inventory in the U.