Over the past few months, the parent company behind one of Detroit's most beloved car brands, the multinational automaker Stellantis (STLA) , has taken a dark path as it navigated a dark hole. During its first half 2024 earnings call back in July,

The company, facing slumping sales, announced that Carlos Tavares would step down immediately and that a search for a new chief was underway.

Stellantis shares tumbled following the carmaker's announcement that CEO Carlos Tavares resigned, effective immediately.

Stellantis NV Chief Executive Officer Carlos Tavares, known for his cost-cutting drive, stepped down from the automaker following a dispute with the board over how to arrest weakening sales and a stock slump.

After months of the automaker's poor U.S. performance, the chief executive officer of Stellantis has been fired.