Stellantis CEO visits US amid big vehicle sales drop

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PARIS — Carlos Tavares’ packed schedule of public events at the Paris auto show on Monday signals the Stellantis chief executive officer (CEO) will come out fighting after a massive profit warning in late September, even after announcing his retirement date.

The September 30 warning from the world’s No. 4 automaker shocked investors used to high margins fueled by lucrative US pickup truck and Jeep sales. Stellantis stock is now down nearly 45 percent year to date.

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