Chrysler-parent Stellantis said Chief Executive Carlos Tavares is stepping down, effective immediately, more than a year earlier than the global automaker previously said he would retire.Stellantis’s board of directors on Sunday accepted the resignation of Tavares as CEO,

Stellantis NV Chief Executive Officer Carlos Tavares is stepping down after profit slumped and US sales weakened at the maker of Jeep SUVs and Fiat cars, according to people familiar with the situation.

Stellantis CEO Carlos Tavares resigns as the Jeep and Ram maker continues to struggle with waning sales

Carlos Tavares, the chief executive of struggling automaker Stellantis NV, resigned Sunday, after nearly four years of leading the company.

Stellantis Chief Executive Carlos Tavares has resigned, a source close to the matter said on Sunday. The maker of vehicle brands including Jeep, Fiat and Peugeot will officially announce the resignation later on Sunday,