Sources told CNBC that Carlos Tavares was fixated on near-term costs and profits to the detriment of the business as well as the company's products.

Former Stellantis CEO Carlos Tavares personally helped kill off the legendary Hemi V8, former co-workers claim. “Everyone wanted to keep [the Hemi],” a Stellantis source told CNBC this week following Tavares’s departure. The Hemi V8 is still available as a crate engine, and in select body-on-frame models, but not in the new Charger.

Stellantis, the maker of Jeep, Fiat and Puegeot, announced on Sunday that CEO Carlos Tavares has resigned.

Carlos Tavares is stepping down as Chief Executive Officer of Stellantis, effective immediately, following a sharp decline in the carmaker’s sales. As the Wall Street Journal notes, in July, the company reported that its net profit for the first half of the year had dropped by 48 percent compared to 2023.

Troubled automaker Stellantis has decided that its Ram brand needs its own executive, so the company is bringing back an executive who retired this year when CEO Carlos Tavares was running the company.

Carlos Tavares has resigned as CEO of Stellantis. Filling the void in his absence is an interim executive committee chaired by John Elkann, according to Stellantis. The company says it will appoint a new chief executive in the first half of 2025.

Stellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the carmaker that owns brands like Jeep and Ram and Citroën and Peugeot

Stellantis Chief Executive Carlos Tavares has resigned, the automaker said on Sunday, adding it aimed to find a new head in the first half of 2025.

Unnamed sources at Stellantis are reportedly claiming that former CEO Carlos Tavares was the driving factor behind the decision to remove the Hemi V-8 from passenger cars.