Stellantis Looking for Replacement CEO; Kia Launching Commercial Vans in Japan - Autoline Daily 3899

[@frankcoffey]

Being the CEO of a car company is a job you only need one year of to retire with pay packages like that.

[@12345682900]

There's much truth in that.... the so-called "Golden parachute" is a wonderful thing, even for those who don't deserve a penny.

[@buddy1155]

One of the requirements for becoming a CEO of a car company is being greedy, those people never have enough money.

[@12345682900]

@@buddy1155 HA! Does anyone? I've never met anyone who said, "Oh please, no more.... I have enough money."

[@donswier]

Many of us are proudly capitalists, but we detest anytime a"hired gun" exec non-owner is paid $10,000+ per hour. It destroys morale among even the most ardent free market front-line workers. You reap what you sow, clubby board members.

[@FrunkensteinVonZipperneck]

Exactly. When Bob Nardelli took over Home Depot 20 years ago, he demanded a “No cut” contract. After he wrecked everything, HD paid him $200 Million to go away. Bob sued, complaining that the $200 Mill meant he had to pay $39 Milll in tax. So HD paid the $39 Mill. It gets worse - Chrysler hired the doofus as CEO. 💩floats

[@who2u333]

Carlos has been way behind the curve for years. He should have been kicked to the curb last year.

[@Harrythehun]

Stellantis makes the same mistakes as VW, the truth and reality doesn't change with a new CEO. Stellantis will only delay the inevitable and lose even more money. I wish all involved all the best.

[@rogerrussell9544]

The EU is postponing the EV mandate, the House passed relief from the EPA. But Tavares won't care, he just wants to gut and destroy.

[@stargazer3828]

Betcha Stellantis CEO takes an early retirement with a huge pay package rather than stay through the transition from ICE to BEV where profits will take a significant hit!

[@David_Polak]

Yes, that's one of the big hurdles that legacy automakers face. Which Ceo is brave enough to bite the bullet and take the enormous losses when transitioning to EVs. Who wants to be remembered for that. Even though they know that's the only way.

[@rp9674]

They're fighting it like no other and still taking a hit

[@nguyep4]

This is a win for him. The transition is near impossible, and he is smiling all the way to the bank.

[@robertn2951]

Tavares gets pay packages while destroying the company.

[@tetchuma]

1977, International Harvester CEO Archie McCardell made a “record breaking” $460k per year salary, with a $1.5Mil signing bonus… (Equivalent of $2.4Mil today with a $7.8Mil signing bonus in 2024) This was “record breaking” 45 years ago. 5 years later, Archie McCardell had tanked the multinational corporation with his extreme cost-cutting tactics and union-busting manipulation… International Harvester, which once held 70% of the global agriculture market, was gone by 1985. John Deere took its place. CEOs who get record pay, tend to not deserve it.

[@edornelas8275]

Does lucid come to mind??!

[@12345682900]

Sadly, things will get much worse for VW before they get better; I wish all involved the very best. Change is difficult, especially decades old "standards & practices."

[@nathanahubbard1975]

Automakers are struggling, and the UAW doesn't want to compromise. Sounds like a recipe for great success.

[@rogerrussell9544]

For whom?

[@charlespapineau5428]

The guy talking must be the son of John McElroy. Very similar voice with the same high and low inflections.

[@12345682900]

Yes indeed, that's Sean ("Shawn") McElroy; he wears many hats including often being the director / camera man for Auto Line After Hours.

[@aussie2uGA]

Yep, I enjoy them both. Very clear with good speed.

[@charlespapineau5428]

The similarities in their voices is just uncanny. Sound, cadence, high and low inflections, pronunciation emphasis. It's almost like Sean is a younger version of his dad.

[@AllanSustainabilityFan]

Tavaris gets his golden parachute, so he doesn't care, short-termist CEOs are the norm with old legacies, make the shareholder happy the next quarter is as long-term planning as it gets usually. Would a replacement really help Stellantis catch up when it comes to EV and smart car technology, or is it too little too late? They sure have dragged their feet for a long time, they might even be the tail end of the market's lazy compliance pack.

[@TinyBlitz8]

Why would KIA launch a commercial van in Japan in a country that doesn’t buy a single Korean vehicle. Seems a very strange thing to do…

[@anthonyxuereb792]

it does seem strange but KIA/Hyundai keep pushing and pushing for sales and nothing ventured, nothing gained, the tip of the wedge maybe?

[@gritnltw]

Few years ago the same would apply to Taiwan. No Korean cars due to a kind of rivalery. 5 years later, the streets are full of Korean cars. This is due to a) the Korean soft power cultural penetration with k-pop and k-dramas and b) the fact that their cars look and are great.

[@thdjjfsfh]

UAW logic: they say they don't have work for us. Let's go on strike, that'll show them who's in charge.

[@rogerrussell9544]

Fain needs to be booted just like Tavares.

[@FrunkensteinVonZipperneck]

Canadian autoworkers threw out UAW years ago…

[@TheJ1s]

With that China tariffs and ban on vehicles I don't see Polestar, Buick, and other Chinese parts vehicle brands surviving the long run. Toyota and other Japan brand automakers are basically off the hook, they don't have much to switch things up, VW and Volvo are having their struggles.

[@nerdbikes3841]

The executive decision to move their brands upmarket and expensive was disastrous but hard to argue the logic trying to avoid competing in the lower end of the market against the Chinese. The future does not look bright for current traditional automakers. They simply cannot compete with Chinese and upstart EV brands.

[@FrunkensteinVonZipperneck]

“The future does not look bright” Neither does Tavares😂

[@2cartalkers]

Whatever became of the Pontiac Aztec?

[@K03sport]

waiting for a comeback as an EV...

[@FrunkensteinVonZipperneck]

It’s on a mountaintop in Mexico ❤

[@Modine.]

Thank God Tavares is finally leaving! Im sure not gonna miss him. 🙏

[@mistertrick]

i think Tavares has done well for Europe and the Peugeot & Citroen line ups, Fiat's new Grande Panda has a lot of potential, and even the new Lancia Ypsilon could be work out as a premium offering I think a lot of that is forgotten is how badly Ghosen messed up FCA and Chrysler & Dodge especially, and they are still cleaning up the mess from that and doing so may require some tough choices in the long run, Tavares may not be the best CEO for sure, but he was better than anyone in the FCA run mess, and if you have FCA holdovers trying to exert their will, it could really be bad news

[@georgeburns7251]

Fiats aren’t selling in Europe.

[@gritnltw]

No, only Peugeot progressed and that was because of its own CEO. The rest of the brands are stagnated and will soon face many problems. Stellantis sales are driven primarily due to its leasing car fleet sales. If it was for private purchases things would be very bad already for Stellantis in Europe. Unfortunately the annual sales report do not mention anything about leasing/private purchase break down.

[@peterandersen1378]

A new ceo ain’t gonna fix it. Start making reliable cars instead of junk.

[@BrunoHeggli-zp3nl]

Stellantis is fine!

[@mikafiltenborg7572]

​@@BrunoHeggli-zp3nl😂😂😂😂 Stellantis bankrupt before december 2029. ⚠️MARK MY WORDS ⚠️

[@mikafiltenborg7572]

​@@BrunoHeggli-zp3nldo you have the balls 🍒to Short TSLA, you Elon/Tesla-hater? 😎

[@edmaluf]

Loved your comment. 👍

[@NomenClature-o8s]

And get rid of legacy contracts.

[@dougsheldon5560]

Well, it takes time to recover from a Lobotamy.

[@AMomcilo1]

Hopefully Tavares can enjoy all the bonuses he received, he did a great job as CEO. /sarcasm

[@michaeloreilly657]

He oversaw Opel/Vauxhall make a profit, something gm failed to do for decades/no sarcasm.

[@anthonygray333]

Carlos Ghosn is available.

[@TheBigCheese-s3e]

Homie The Clown at this point would make an excellent replacement at Stalantis as CEO because "Homie don't play that" 🤡

[@grahamcastle8189]

So car user interfaces are now so complex that you need an AI based app to use them😂

[@KJSvitko]

Both VW and Stellantis CEO's have been slow to lead the transition to all electric vehicles. Adapt, change or go bankrupt. Nokia and Kodak were slow to transition to new technology. It did not end well for them. Legacy auto dealers are a nightmare for legacy auto makers. They gouged customers trying to buy electric vehicles. Legacy auto dealers abused their customers by adding market price adjustments to gouge their customers for EVs They added pricey add ons and other costs to pump up the prices and their profits. Tesla has the right idea. Buy online. No hassle. No sitting in a show room for hours. No salesman BS. No crazy markups. No I have to see my manager BS. With Tesla you can buy a vehicle in 5 minutes or less online. The dealers have no one to blame but themselves. The dealers are dragging the legacy auto makers down with them. The problem with legacy auto makers having slow sales leads back to the legacy auto dealers. They try to talk people out of buying and EV and want to put them in a gasoline car.

[@taniabanes4707]

You got all wrong, there’s no transition to EVs, EV sales are down everywhere but in China about which nobody cares

[@rp9674]

Yes except VW.

[@mikek5298]

Blah, blah, blah, just more EV propaganda from a frothing-at-the-mouth EV lunatic.

[@roxter299roxter7]

Like looking for a new captain for the Titanic. They’ve already hit the iceberg. Now all the executives will be looking for the life boats in order to save their pensions.

[@2cartalkers]

Tavares has a tough job however, he does not come across like Mr. Personality.

[@NomenClature-o8s]

Shocking news 😂

[@2cartalkers]

Just bring back the Plymouth Belvedere.

[@davidmenasco5743]

Maybe a Roadrunner BEV?

[@787baudrik]

Ciao

[@lawrencefranck9417]

Gl8 would sell I; the USA

[@AnthonyMartin-b5s5s]

My boyfriend tried to repeat the trick from this video and now we have a new rule: no more trying💕

[@AuralioCabal]

Is it only in America that a CEO can greatly undeperform and get rewarded in the millions?,Yet when a CEO delivers on bringing the Company stock(TSLA) beyond the wildest dreams of the Investors he can get sued?🤔

[@aussie2uGA]

It all depends on if you'll do the governments bidding...

[@miraphycs7377]

bring back tim kuniskis

[@amigajoe]

I can think of one company, that is often the most valuable company in the world, that has no contingency plan for losing their CEO. Just another example of why he needs to go.

[@FrunkensteinVonZipperneck]

Which? Who? What The Frunk?

[@andrewm2002]

VW doesn't need to cut costs.. they need to boost revenue by producing decent vehicles that people want. Their designs suck and their quality is garbage.

[@K03sport]

hint: lose the haptict touch controls. absolute garbage. One reason I did not buy a Mk8 gti/r32👎

[@FrunkensteinVonZipperneck]

And BW hates Americans ❤

[@CedroCron]

Stellantis is going to have some turbulent waters ahead. The company is a mess and the pricing on their vehicle brands is far too high for the quality their brands are known for. People have less money than ever in terms of buying power so quality and value is king and Stellantis is short on both!

[@mikeskidmore6754]

Lazy Union Labor .. Poor managment and Greed, gee what can go wrong?

[@revampted]

Bob Lutz for Stellantis CEO!!!!

[@jamespn]

Bob Lutz is 92 years old.

[@georgeburns7251]

No one can save it.

[@anthonyxuereb792]

Crazy politics, one the one hand Buick builds 2 million vans in China and on the other hand the US is looking for ways to disrupt Chinese interests.

[@SpookyEng1]

Because the benevolent great China only wants the best for us.

[@TinyBlitz8]

Unions rather choose their company to go bankrupt and close rather than compromise.

[@mikeskidmore6754]

Government Motors. The Government took over a General Motors Plant in Venezuela. GM Executives gave workers 2 years Severance pay and ran for their lives to get out of Venezuela. Total Failure on the Governments part to run the plant.

[@markdc1145]

Glad to hear Stellantis CEO is being replaced. He's ruining the brands with his style.

[@BrunoHeggli-zp3nl]

Wow,Toyota is amazing!

[@bobbbobb4663]

Adrian won't even buy back his own stock.

[@mikafiltenborg7572]

Toyota = Kodak BANKRUPT before december 2029.... Mark my words ‼️‼️‼️

[@K03sport]

I'd put my name in the hat...but they wouldn't like me....

[@FrunkensteinVonZipperneck]

Why? Cause you are sane?

[@georgeburns7251]

Hire Trump to run Stellantis. He needs something to do once he gets out of prison.

[@raymond_sycamore]

Stellantis was picked to put the American automobile to bed for good.

[@irdestro]

It was inevitable that Carlos would get the kick. He is a very bad leader. My way or highway kind of a guy and does not understand the current and future of automotive business. Just doing the same thing cheaper or incremental improvements will not work in the new world. Other companies have started to move faster and faster, putting more money in R&D and quality improvements. Stellantis is known for very bad quality, bad reliability and dated designs. Maybe second only to Nissan. Why would anyone buy their expensive products that will turn into useless junk in few years when there are so many better options out there?

[@BrunoHeggli-zp3nl]

No he is amazing!

[@The1KovacsAttila1]

Tavares basically destroyed Fiat, Citroen, Opel and Peugeot. He completely killed Chrysler and Jeep has never been so unreliable as it is ever since Stellantis took over! Stellantis was a curse, rather than a savior of the brands! Tavares screwed up, big time! They should have fired him years ago, when during the Puretech scandal he rather was hiding and continuing to produce that shitty technology instead of replacing it! At the end it did cost the company a pile of money in warranty repairs and law suits. Worst car-industry CEO of modern times! A parasite!

[@Vikingj72]

Oh No !!! A old CEO will have to be looking for a job? I wonder how long he stands in the unemployment line? I bet his car is paid for.

[@anastassiosperakis2869]

I was bored to tears with today's news.

[@mikafiltenborg7572]

Why not pay Carlos 30,000,000$ this year too? 😃

[@juan-df5wv]

🇺🇸🦈🇵🇷

[@bobbbobb4663]

Tesla Autonomous News: Mercedes has world's fastest L3 system! Meanwhile, Adrian stuck with geo-fenced L2 demo on private roads! Davey Beppler (Diversion team member) won't volunteer as pedestrian for 10/10 demo!

[@dclpgh]

Didn't know the US interstate system (or anywhere there's a road in witch Teslas can easily navigate) was a private road! thanks for the tip!

[@bobbbobb4663]

@@dclpghGreat! Why then is Leon demoing his opus on private roads? Is Adrian scared of releasing Unsupervised FSD?

[@dclpgh]

​@@bobbbobb4663 Demoing...You actually wrote that word.You really should think before you write. And as you say, Robotaxis need a permit. Hence the private venue. Get out of that basement and get some fresh air will ya?

[@bobbbobb4663]

@@dclpgh But your implication is that Tesla doesn't need permits. Are you saying that babysmurf9000 is lying about the abilities of FSD? "Didn't know the US interstate system (or anywhere there's a road in witch Teslas can easily navigate) was a private road! "

[@dclpgh]

@@bobbbobb4663 The cars out there are not Robotaxis dimwit. They are private vehicles. No permits needed. What will be shown on 10/10 will.Why does this confuse you? And i was trolling you with the interstate bit. Take some really deep drags when you go out for that fresh air. Im worried for ya.