Stellantis N.V. Common Shares (STLA)

Shares of Stellantis are trading lower Monday morning. The stock is down following the official appointment of Antonio Filosa as CEO.

The new leadership team is effective immediately, the Jeep maker said.

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Tavares highlighted dealer resistance to his strategies but stressed that Stellantis remains profitable.

The partnership between Amazon and Stellantis to create in-car software has been canceled. Stellantis faces challenges including tariffs and leadership changes.

Filosa, who was selected by a Special Committee of the Board led by Executive Chairman John Elkann after considering other internal and external candidates, will be granted CEO powers effective June 23.

Antonio Filosa appointed as new CEO of Stellantis amid the looming threat of Donald Trump's 50% tariffs on the EU.