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Speculation is rife about who will take Tavares' place. Many insiders believe that Antonio Filosa, already known in the corporate circles, may be the next in line. The new leadership will need to not only stabilize the company but also focus on developing products that meet consumer demand—something that has suffered significantly during Tavares' tenure.
Regulatory Scrutiny Looms
Compounding Stellantis' troubles is the increasing attention from the Securities and Exchange Commission (SEC). Allegations suggest Tavares may have made reckless decisions for personal gain, pushing electric vehicle (EV) initiatives that did not resonate with the market. This scrutiny could lead to potential charges of financial mismanagement, further tarnishing the company's reputation.