Stellantis Fires Everyone! Executives All Fired Along With Tavares As Major Shake Up Happens

In today's video I talk about Stellantis Firing everyone! It seems it's not just Carlos Tavares that is being shown the door, but a complete sweep of executives as Stellantis looks to start fresh with their new CEO.
Stock prices went up 2 percent immediately on this news.
Let's discuss this in the comments
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[@mongo64071]

The board should be fired by the shareholders. They authorized the mess.

[@Dfgbuiiyyyybb]

$60,000 is still too expensive for a truck.

[@rustybumperclassics6342]

Maybe 30k for ram.

[@fboomerang]

Dodge Raider! PRICE Base/As Tested: $10,542/$12,212

[@rickhibdon11]

And RAM just discontinued the 1500 BASE nodel. The most affordable model. Their cheapest truck now starts at 42,000. Base Jeep Wrangler are near 50,000.

[@rustybumperclassics6342]

@@rickhibdon11 still too much

[@Toetalwar]

they are past out of touch with reality at stellantis. worst car company on the planet.

[@shovel_head80]

Looks like the whole crime family is going down

[@KT4RAM]

Stellantis being mostly European run is unlikely to replace the current executive positions with anyone who holds North American values/ideas. European arrogance will keep them from doing anything that makes any sense. ...Until it's too late...

[@meycss]

So who bought who and who is broke again. Stick a fork in it it's done

[@randydomingo4614]

Agreed

[@typeorulz]

Yeah, the EU is trying to tank the US with legislation they passed that will affect large companies in the US

[@eldiablort1461]

@@meycsscorrect. This doesn’t matter too much. None of it does.

[@DillonPrecisionFan]

As has been said before...when Europeans think they know what Americans want!

[@michaelbeyer6792]

The issues with Stellantis is hitting suppliers in the metro Detroit area now. The manufacturer I work for, just laid off half of its production workers that spans 5 factories due to losing Stellantis contracts.

[@Viper81766]

The trickle down effect sucks in layoffs

[@tamarm_funkycoldmedina]

The cars, especially the Jeeps are to high. That's crazy to pay over $100k on a Wagoneer.

[@johnw4067]

Last one out the door hit the lights!

[@trunkmonkey4938]

No one can afford their cars and trucks!

[@evildrizzt1]

Their cars and trucks aren’t worth the pricetags. Chinese knockoffs and JDMs have better quality control.

[@michaeljohnson4947]

that's due to current government regulations.

[@S2NAZ]

The next company that should follow suit is Harley Davidson

[@softwarephil1709]

Disney, Target, Anheuser-Busch, Nike, and a hundred others.

[@IP0Monsturd]

At this point Harley Davidson can just build rickshaws.

[@mancavemotorsports]

I watched a frame off video for a coolant hose on a wagoneer, then this pops up..classic 😂😂😂

[@peterantovski7555]

Everything woke goes to shit

[@eldiablort1461]

This wins.

[@matthewgibbs6886]

unyil the dealers quit marking up the mark up the still wont sell sht

[@tielynnpennington6024]

Best news I have heard all day

[@p.l.fanning3447]

Their V8’s were never really dead… Like the Terminator they’ll be back 😆

[@ricklp1861]

Time to reset that garbage

[@softwarephil1709]

The executives are going to walk the UAW strike line. 😂

[@onetwothreefour-s1n]

😂😆

[@jimpalmeri5428]

That wouldn’t be a wise move 😂😂😂

[@Steve_Edberg]

😂😂😂😂😂

[@Firehawk95]

It is amazing that once you reach the CEO level, you can only fail upward.

[@tman4915]

Bye Felicia. Good freaking riddance.

[@esteban1487]

Bring back the V8s, beaches!

[@crunchmaneslice276]

Simple!!!

[@adrianbradshaw4956]

Obviously Americans can’t comprehend government CAFE regulations killed the V8, not manufacturers.

[@joeb2588]

Nope. Factory is tooled up already for reaplacement... unless there's a factory still tooled up. It costs millions to tool up like that. Chrysler may have a factory still v8 ready...I don't believe toyota does any longer.

[@esteban1487]

@@joeb2588 yep. if there is demand, they'll find a way to meet it.

[@ryancouture2508]

Oh lord…. You’re fired too.

[@dscop442]

Take out the Trash!

[@mattmaxon7783]

too little, too late? how's about clawing back those bonuses

[@PANIC_aka_PinD]

You get an unemployment check! ... and you get an unemployment check! ... and you get an unemployment check!

[@Steve_Edberg]

Enjoy your $362 per week!! 😂😂😂

[@JohnS-il1dr]

​@@Steve_Edbergevery two weeks😂

[@PANIC_aka_PinD]

@@Steve_Edberg ... before taxes :p .

[@apacheFX664]

100k jeeps should be 35-40k not 60, goes for truck as well across the auto biz

[@michaeln4018]

V8 and a good transmission in a pickup. Allison probably has something they’d sell. The old way of making money still works.

[@softwarephil1709]

What?? Building rugged, strong, durable products makes money? That's news to Stellantis.

[@fortheloveofnoise]

I want V8 with manual transmission El caminos/Ford Rancheros to come back....also a Dodge version

[@B0RRAC0]

Thank you LORD!!!! 🇺🇸

[@stanlojewski6761]

Sonds to me like "the board" finally took their heads outta their ass!

[@ettoredivirgilius8789]

They earned it… BIG TIME

[@jamesmcguire990]

I think that's a good sign that whoever is coming in won't have to fight the old guard.

[@martykroenecke4273]

If you can't build a decent pickup for under 45 grand, get out of the business. We're tired of crap trucks that are triple the price to pay executive bonuses!

[@jacksavage7808]

TK Suzuki makes a 5spd manual with old school 4WD and manual handbrake. Has a keyed ignition and is awesome. Price is 15K. Ship them here and I will buy 2.

[@briandonald]

It wouldn't be that cheap here.

[@akear]

Americans want muscle cars, not pretend ones like the hornet. They have only sold 10,000 hornets this year.

[@danielfair4675]

I saw one on the road for the first time about 2 weeks ago, and I'm out alot!

[@Zippezip]

$100,000 cars would make a down payment on a $500,000 house. Hello, Duh, WTF.

[@MarkStruss]

Fitting end for those that Fiat-ed Mopar.

[@eldiablort1461]

Honestly, the FCA wasn’t terrible. The French: that’s what’s terrible.

[@stormy317]

I think it's awesome and about time

[@davewhanger6722]

We can only hope!!

[@MH-kc1eu]

If Tim got to be the Stellantis CEO, it’s good for everybody involved. The Europeans will start getting really good cars, and we Americans will get our perfect muscle cars again.

[@SHADOWBLACKs650]

Who cares anymore ,it's not a American company.

[@Joe-d7m6k]

Yes, true--- they are NOT needed, so let them close. No great loss.

[@lynn5060]

@@Joe-d7m6k then after that we can close your job out. I'm sure nobody would care.👊

[@Nocturnal2010]

​@@lynn5060 Exactly. Because a lot of us work there and have jack shit to do with management 👍🏾

[@rosswalther2538]

Please stop Carlos from making any more moves. He screwed up enough.

[@lynn5060]

Should be sued

[@gregflannagan7838]

Seems like they would have learned from GM that when you put bean counters in charge instead of car enthusiasts, you'll get vehicles no one wants. The other big problem is putting all you money in designers and not engineers. You end up being Kia/Hyundai. Good looking piles of crap.

[@melovinde]

They will pay him even more

[@LGM2000x]

CEO NEEDS TO GO! Sick of these failed CEOs using cutting other management roles as scapegoats for their own failed leadership. The buck stops with the ceo.

[@southernoklahomamopars6726]

Finally

[@leestadnyk5573]

the executives should have been fired before the worker bees. the executives are the ones that screwed uo the sales so they need to go espesially if they sttod behind ir were to weak to srand up against carlos and his B.S.

[@Steve_Edberg]

They need high profit margins because they've sliced capacity so badly. They have to sell one truck for $100k because they can't build the the 20 trucks they can sell at $60k!! The cost cutting and slashing has taken a serious toll on what they are capable of building.

[@JA-zh5xi]

Poor quality aside (which is a given with CDJR) they haven’t made a single good decision since Stellantis bought them. Not one. Prices need to come down 35% to start, they need real American sedans, small SUV’s, V8s in their trucks and large SUVs, scrap EVs because no one will buy them, redesign the challenger, charger, Durango, or just scrap Chrysler and Dodge which is also logical.

[@garrettsmith2654]

Stellantis firing all of its executives will really change the company. I can't believe this could be happening right now. I hope Stellantis get executives that know what we the consumers want. Not the overly priced junk they've been giving us, that we can't even afford. And that we don't want the EV Charger and other products that will be EVs. But them firing all their executives can also be a bad thing, too. So, let's not cheer just yet.

[@bufords]

nope!

[@Dfgbuiiyyyybb]

The incoming CEO is going to have to figure out a way to sell the existing over priced crap that they’ve already sold to the dealers. That’s not going to be cheap.

[@wescam2958]

I'll believe it when I see it. In the meantime hope springs eternal. I wonder what the new CEO is going to do with the lawsuits. Will the UAW feud continue? More drama ahead.

[@Ned-r4t]

Greed hurt the US makers. They abandoned the lower profit small car market!

[@danielfair4675]

That's because you had folks (about 85%) that wanted a truck that they'd never use for its true purpose. The only off-roading they'll see is driving into the owners yard for a wash.

[@bpb5541]

Greed... don't you mean capitalism? The real problem is all the free money. True capitalism dies during the GFC... now we just have bubbles on top of bubbles and will inflate our way right into nothingness

[@steveluderman6560]

They need to fire their people and bring in our people that knows how to run an American company lol

[@IP0Monsturd]

Like Sears & K-Mart?

[@bpb5541]

I am not sure there are that many people left that know how to run a company well. And those that do are already taken. It has been easy since 2008... money has been basically free... even folks that are not that smart could have do okay. So no that we have the biggest bubble in all of history and money is no longer free.... i wonder how folks will do going forward?

[@kajwidecrantz8823]

Truck prices are outrageous.

[@eolle43]

Wow! BoD defiantly set up the company for a reorg or spin off. This is a corporate “boom goes the dynamite” moment. Get the pop corn ready. Thanks for the continued updates!

[@leongarner4027]

You rock legend,from downunder,sydney,Australia

[@ilikmlow6900]

Are small displacement v8s not a thing? Instead of slapping turbos on a v6 slap one on a small v8 🤷🏻‍♂️

[@rustybumperclassics6342]

Shit, bring back the v10.😅

[@danielphillipsmusic9145]

Where’s the ghost of Michael Jackson with our popcorn?!

[@TheHk1966]

Everyone getting fired? Long overdue! Bring it on.

[@stormy317]

They get it they just don't care 😈

[@thisthatandtheother1057]

The base models are too expensive too.

[@tednorder8535]

Ted from Belvidere ILL 1268, I think this was a long time coming and is great news!!! We have been telling, as a union, the plant managers that they have been going the wrong direction ever since Stellantis has taken over. I sort of was forced to retire before I wanted too by a couple of years. I had 35 years in, and it was a very sad day when the last car rolled off the line. We as assemblers, repair, and final assembly, that they were building cheap cars. It was very sad to see, but management would not listen to our concerns and thoughts, they just blame the workers for the poor out come of the vehicles. Love your talks and pod cast!!

[@almdrs]

"You are fired!" "What? Are you firing me? I will fire you too!"

[@bones007able]

Going the way of American Motors ....it was a good run...

[@tombache3426]

I visited aCDRJ dealer today, looking for a deal on the 500e. They are promoted a big discount, but really is only the Gov’t EV rebate. Found a dealer today taking 500 more off of that. I guess we will see if FCA gets desperate and starts sending them to the auctions. No one is buying, and they will be one year old leftovers soon.

[@DanielScarel]

I like your thinking brother

[@patricksquires77]

I think this channel expedited changes by weeks.

[@albertschneider5978]

About time 3 years to late good luck saving that company

[@lyndawest923]

It's good news.

[@MichigantoFlorida]

Good afternoon Mr TK, Domestic auto manufactures are in a real jam, especially CDJR. They are going the way of K Mart and Sears, their business model does not work. The corporation needs to simply restructure and resize, focus on growing their market share. Reduce manufacturing costs and provide a quality initiative. It will be painful and a new and stronger management team will not allow a Union to dictate how the business model should function. My POV this is the first step in a series of changes . A change generates a change which creates change through out. This is a European Company and they are not afraid to take action.

[@fredsacheriii7437]

Time to clean house,FINALLY

[@BigT683]

The man has had the job since Tim retired and I'm sure has his hands tied by Carlos. Carlos needs to go now we dont like him either those of us that work for him

[@kevintrahan9674]

I am a JEEP service manager and Stellantis has taken away the District service manager ability to authorize after warranty goodwill. Not good for the customers and it puts the dealerships in a bad position.

[@troypollonais9143]

When the money is gone and they can't get rid of any more workforce, the execs then become easy prey. Obviously, Tavares was done, but the entire executive board shows that not only are these companies not loyal, but even when they're loyal to the wrong people, those people are just as expendable

[@KMSTLSAPRANO]

We’re ready for the second coming of he whom walks on muscle car glory…..

[@MH-kc1eu]

Heck yeah!

[@brightadjei3800]

Let them follow their great leader in the fire pit lol

[@krunkmountainman6633]

Good!!! They should have been canned the second. They ditched the v8 and came out with the crap sandwich that is the charger E V and the catastrophe and slap in the face of the iconic Hornet.

[@floydestelle6242]

Mopar is in a death spiral

[@RobertHurst-e9f]

Where is Ralph Giles?

[@jhonditch4269]

housekeeping is an important thing to do.

[@alfonsoribeiro4450]

Before going to hell carlos will exchange all the current management by arrogant french guys from peugeot. So he can ensure there is no way of recovery.

[@theberrybest]

Now, let's fire that cackling hen masquerading as a leader.

[@krogersucks45]

And they will all walking away with golden parachutes

[@CMDR_Shokwave]

Kuniskis and crew looked at the numbers, looked at the "plan", looked back at the numbers and said "b-bye." Probably didnt even wish them luck on the way out- waste of breath.

[@ignignxkt]

Remember last election when several jeeps were all that was present during Joe Bidens only “rally”, parked in safe space circles, flashing their lights to “applause”. Welp, karmas a b!

[@vaughnoliver2810]

TK you the Man!!!!! Stay Petty!!!

[@michaeljohnson4947]

hopefully the V8 won't be saddled with eTorque garbage

[@johncolligan5128]

It’s about time they got rid of that worm S ***

[@DD-ew1ed]

Let em go

[@Nocturnal2010]

Hopefully the company and UAW get it together because a lot of us feed our kids from this truck. Thanks for the info as always 👍🏾

[@jeff-hk8yk]

the UAW 40% wage increase and 32 hour 4 day work week did not help - just started a chain reaction of union demands - Dock workers - 60%, Boeing workers want 40%, UPS settled for 50%, and the wheel goes round and round and no one wins because the inflation they cause eats up their increases - and the retirees have to eat dog food.

[@BlackBoyKingTV]

The Dealership model is dead because of this dealership markup scam. The only way to fix it is to sell directly to the consumer.

[@warrenb8228]

Want to sell cars? Put V8s into them. Put them into the hornet, put them into the neon, put them into little trucks. Tiny trucks with big F off motors in them… why not?

[@danielfair4675]

The Hornet is the biggest P.O.S. they've built since the K-car.

[@donparsons1237]

It's too late,,, 2 dealerships in our area are closing their doors,,, the other dealerships will be closing shops soon after... 170+ dealerships all competing against one another...

[@TKsGarage]

Where is this

[@Ricard0618]

Just like WWI and WWII the Americans save the day

[@oweya342]

Stock holders should have been pissed awhile ago

[@bpb5541]

The stock market has put us in a very unquie situtaion.... The bubble of all bubbles. I don't think it ends well.

[@bobearl7859]

Told you that 3 months ago that they were done

[@johnbeckham1483]

Frank B. Rhodes, Jr. would make a brand new American company with his investors called THE NEW CHRYSLER, LLC...

[@davidmaschari2282]

So when is this big board meeting taking place?

[@ronaldlegree285]

It's like going to a French restaurant and getting French fries for 100 bucks.

[@Chipshot124]

Was that what happened in the cafeteria today?

[@Akecherfd8424]

Not only fired, put in jail.

[@markbrewer5582]

This is such a great story. Way better than watching football.