CEO Carlos Tavares, the company aggressively sought savings. In North America, layoffs and buyouts have been relentless in recent years.

Former Stellantis CEO Carlos Tavares made $23.9 million last year. He’ll be getting an additional $12.5 million this year in severance and bonuses. While Tavares was deploying his golden parachute, Stellantis’ net profit fell 70% in 2024.

Carlos Tavares departed the automaker in December. He's still owed severance payments and company shares, a report shows.

Adding to the chaos in Stellantis' ranks, after less than a year North America chief Carlos Zarlenga also gets the boot.

Carlos Tavares, the former CEO of global automaker Stellantis saw his total pay fall 37% last year to 23 million euros ($23.91 million) before he unexpectedly resigned in December.

CEO, Carlos Tavares, left the automaker in December as the company struggled with issues from down sales to fights with stakeholders.

Stellantis workers learned this week that their profit sharing checks for 2024, before taxes, will be $3,780 compared to $13,860 for the previous year.

Former Stellantis chief executive Carlos Tavares received a €23mn pay package in 2024 and a €12mn severance deal for his sudden resignation in December following a sharp deterioration in the carmaker’s performance.

Stellantis (STLA) took a hit today after financial firm S&P Global (SPGI) downgraded the automaker’s credit rating from BBB+ to BBB due to

Stellantis gave a cautious outlook for 2025 after its annual results took a hit from a slump last year in its U.S. business that led to the ousting of Carlos Tavares as CEO.

Profit-sharing amounts at Stellantis are tied to the company's financial performance in North America. Last year, UAW members at Stellantis were potentially in line for checks of $13,860.