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Stellantis seen falling 3-6% after CEO Tavares resigns

12/02/2024

Less than a minute

2024.12.02 02:50

© Reuters. FILE PHOTO: Carlos Tavares, Chief Executive Officer of Stellantis, gestures as he speaks at the Paris Automotive Summit during the 2024 Paris Auto Show in Paris, France, October 15, 2024. REUTERS/Benoit Tessier/File Photo

(Reuters) – Milan-listed shares in Stellantis (NYSE:) were seen opening sharply down on Monday after chief executive Carlos Tavares resigned abruptly on Sunday.

The stock, down more than 40% year-to-date, was seen down between 3% and 6%, according to calls from traders.

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12/02/2024

Less than a minute