Stellantis CEO cites ‘arrogant’ mistakes in US market

Stellantis CEO Carlos Tavares spoke to investors and reporters Thursday at an event at the automaker's North American headquarters in Auburn Hills.

Auburn Hills — Stellantis NV CEO Carlos Tavares said Thursday that his company was “arrogant” when it failed to react quickly to a convergence of several problems in the United States in recent months, including production issues and balloon inventories . “When I say we were arrogant, I’m talking about myself. No one else. I’m … Read more

Tesla shareholders approve CEO Elon Musk’s pay package

Tesla shareholders have reaffirmed a reward of more than $45 billion for Elon Musk, the chief executive, after he was kicked out in a legal challenge. The result of the vote, announced at Tesla’s annual meeting at its headquarters in Austin, Texas, on Thursday, is a strong sign that shareholders still believe in Mr. Musk … Read more