Stellantis drops as CEO Tavares quits, sparking fresh uncertainty

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HSBC Reiterates Hold Rating on Stellantis NV (STLA)

December 2, 2024 7:55 AM EST

HSBC analyst Neil Churchill reiterated a Hold rating on Stellantis NV (NYSE: STLA).

The analyst comments "CEO Tavares resigns. The company announced last night he has resigned with immediate effect without citing the reasons for his departure. An Interim Executive Committee has been established, which will be chaired by John Elkann. The appointment of a... More