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Stellantis boss Carlos Tavares under fire over conflicting profit messages

Original: Ever seen a car boss tell reporters how his record profits would end, then promise investors they would last? Carlos Tav

Carlos Tavares, chief executive of Stellantis, is being accused of sending contradictory messages about the carmaker's record profits. In July 2022 he told reporters that high prices would end once the semiconductor shortage eased. When chip supplies recovered, he instead warned investors that strong profits would continue. Critics say the episode raises questions about what Tavares told the public versus what he told the market during the chip crisis.

Why now: People are revisiting Tavares's statements as Stellantis profits and his leadership face scrutiny.

Carlos TavaresStellantisJeep

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Evidence

• Ever seen a car boss tell reporters how his record profits would end, then promise investors they would last? Carlos Tavares of Jeep maker Stellantis did both. In July 2022 he said prices would fall once chips came back. They came back, and two years later he called the profit… · canartuc

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