Is a New CEO Reason Enough to Buy a Stellantis Turnaround?
Shares of Stellantis (NYSE: STLA) have been consistent; unfortunately, over the past year the shares have consistently declined -- shedding roughly 56% of their value. The automaker's former CEO Carlos Tavares was clashing with the board of directors, and dealers were frustrated and struggling to move inventory. The United Auto Workers union carried out a public campaign to have Tavares fired, and he soon resigned.With freshly anointed CEO Antonio Filosa taking over, is it time for investors to jump in and scoop up shares on the cheap?By the time former CEO Tavares resigned, Stellantis' relationship with its dealers, suppliers, and unionized employees had been severely strained -- something Filosa will have to mend. Let's take a closer look at the challenge with dealers.Continue reading
Shares of Stellantis (NYSE: STLA) have been consistent; unfortunately, over the past year the shares have consistently declined -- shedding roughly 56% of their value. The automaker's former CEO Carlos Tavares was clashing with the board of directors, and dealers were frustrated and struggling to move inventory. The United Auto Workers union carried out a public campaign to have Tavares fired, and he soon resigned.
With freshly anointed CEO Antonio Filosa taking over, is it time for investors to jump in and scoop up shares on the cheap?
By the time former CEO Tavares resigned, Stellantis' relationship with its dealers, suppliers, and unionized employees had been severely strained -- something Filosa will have to mend. Let's take a closer look at the challenge with dealers.
