Carlos Tavares

A slow but steady improvement in the chip supply situation over the next year will eventually limit automakers' pricing power, which has been boosting earnings across the industry in recent quarters, Stellantis CEO Carlos Tavares said. In a media call presenting the automaker's results in the first half of the year, Tavares said the industry was in a "very specific sweet spot right now." "We have a significant unbalance between the offer and the demand for automobiles, which gives us a transaction price opportunity," he…

Stellantis STLA 2.37% NV said it would end the joint venture that makes and distributes its Jeep brand in China and focus instead on selling imported Jeep vehicles in the country. The Netherlands-based car maker blamed a lack of progress in its plan to take a majority share in the joint venture with China’s Guangzhou Automobile Group Co. 2238 1.17% Ltd. “Stellantis…

For one week each month Carlos Tavares runs a global auto giant from his living room in Lisbon, surrounded by his grandchildren. The Portuguese executive started working this way long before Covid-19 started, and he expects it to continue once the pandemic is over. As chief executive of Stellantis STLA 2.60% NV, Mr. Tavares is responsible for some of the world’s best-known automobile brands: Jeep, Dodge, Alfa Romeo and Maserati. He took…