Automotive group Stellantis has announced the sudden departure of its chief executive, Carlos Tavares. It said the board had accepted Mr Tavares’ resignation on December 1.

Stellantis formed in 2019 when Fiat Chrysler agreed to merge with the Peugeot Group. It immediately became the fourth-largest automotive group in the world. Its main brands include Fiat, Chrysler, Peugeot, Vauxhall, Citroën, Jeep, Alfa Romeo, Maserati and Dodge.

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