carlos tava res came been hampering stellantis. avares came into stella ntis carlos tavares came into stellantis as its first chief executive. he was at psa before that. he was a cost cutter and it was the time to do that, he was credited with turning round the psa group when it was close to bankruptcy. stellantis seem like a great idea, merging a european giant with an american one. the company has run out of steam to a certain extent. it does need new momentum and it needs to reinvigorate its profits in north america so we can deal with its other problems in europe. the new competition from china will be a prime issue for whoever comes in. . ~' , ., to france now where the government is facing a crucial budget vote which could potentially trigger a no—confidence vote in the prime minister, michel barnier, within days. marine le pen�*s far—right national rally is threatening to pull the plug on the coalition government over plans to rein in the massive french deficit. she's given the prime minister until today to answer her demands

let's begin in the auto sector and the shock resignation of carlos tava res, and the shock resignation lose 40% of their value this year. stellantis is the parent company of some of the world's most recognised brands, including vauxhall and jeep. what didn't go wrong, i guess, is another way to put it — carlos tava res has is another way to put it — carlos tavares has been saddled with a lot of difficult complexities at his sprawling business. it's a global business. it's a global business straddling two huge markets in the united states and in europe. and in the united states in particular, things kind of had gone off the rails. sales are way down. the inventories are way bloated. products have been late. the brand values have been damaged a bit. and incentives are soaring. so they have a lot of fixing to do in the united states. and i think the board just got tired of waiting. they said earlier this fall, actually, that they were going to replace him and that he would step down. that was already agreed to.

carlos tava res is carlos tavares is known as one of the most respected executives in the auto industries, so this is news he would step down and with immediate effect seems very significant. and they very abrupt exit as well. still lantus is a massive auto company and has some of the world's most well—known brands under its banner. jeep, fiat, peugeot, chrysler to name a few. 1a in total. so he was seen as one of the most powerful people in the global motor industry. stellantis says that different views have emerged in recent weeks among major shareholders, the board and mr tavares, resulting in a ceo's resignation. some clues there perhaps. do we know why he may have resigned? we don't, but we know _ he may have resigned? we don't, but we know the _ he may have resigned? we don't, but we know the company - he may have resigned? we don't, but we know the company has - but we know the company has been facing declining sales in north america, in particular, and that led to issue a profit warning back in september, which included a forecast for cash burn of up to 10.6 billion dollars. since

what didn't go wrong, i guess, is another way to put it — carlos tava res has is another way to put it carlos tavares has been saddled with a lot of difficult complexities at his sprawling business. it's a global business. it's a global business straddling two huge markets in the united states and in europe. and in the united states in particular, things kind of had gone off the rails. sales are way down. the inventories are way bloated. products have been late. the brand values have been damaged a bit. and incentives are soaring. so they have a lot of fixing to do in the united states. and i think the board just got tired of waiting. they said earlier this fall, actually, that they were going to replace him and that he would step down. that was already agreed to. so this news is not especially shocking. but what is surprising is the speed with which it happened. they originally said he would serve out his term through 2026, but then they announced over the weekend that it was effective december first. weekend that it was effective decemberfirst. so weekend that it was effective decemb

carlos tava res is carlos tavares is known as one of the most respected executives in the auto industries as well. still lantus is a massive auto company and has some of the world's most well—known brands under its banner. jeep, fiat, peugeot, chrysler to name a few. 14 in total. so he was seen as one of the most powerful people in the global motor industry. stellantis says that different views have emerged in recent weeks among major shareholders, the board and mr tavares, resulting in a ceo's resignation. some clues there perhaps. do we

which owns brands including chrysler, vauxhall and fiat said it had accepted the resignation of carlos tavaan—making plant in luton, putting 1,100 jobs at risk. ukraine's president volodymyr zelensky says an invitation tojoin nato is necessary for the country's survival, but it must apply to all of its territory. mr zelensky has been holding talks in kyiv with the new head of the european council, antonio costa, and the eu's chief diplomat kaja kallas. at a news conference, mr zelensky also pushed for eu leaders to convince the us president—elect donald trump to work together for ukrainian security. antonio costa said the eu had stood by ukraine since the first day of the war and would continue to give kyiv its "unwavering" support. rewarding the aggressor would be a threat to the entire international community. find be a threat to the entire international community. and we must be clear— international community. and we must be clear - _ international community. and we must be clear - that _ international community. and we must be clear - that the - international community. and we must be cl

which owns brands including chrysler, vauxhall and fiat said it had accepted the resignation of carlos tavajobs at risk. talks aimed at negotiating a global treaty to reduce plastic pollution have failed. the negotiators from 175 countries, meeting in south korea, were unable to reach agreement on key issues, including reducing the amount of plastic produced in the first place. our environment correspondent jonah fisher has more. this was supposed to be the moment the world came together to tackle its addiction to plastic. but after two years of talks, the last week of it in south korea, there was no sign of a global plastics treaty. a few critical issues still prevent us from reaching a comprehensive agreement. the key one, whether we need to reduce the amount of plastic we make. this year, the world made 430 million tonnes of plastic and that figure could triple by 2016 — member 2060. just 9% of it ends up being recycled, with the rest going to landfill, being burnt or dumped at sea. plastic is mostly made from fossil fuels and at the talks it was oil producing countries who blocked any a

biggest car—maker, stellantis, have been plummeting following the abrupt resignation of the ceo carlos tavafiat and jeep brands, were down around 8% in paris this morning. last week, the firm also announced plans to close its vauxhall van making factory in luton, putting about 1,100 jobs at risk. the company will find a replacement chief executive in the first half of next year. let�*s get more on this with our business correspondent theo leggett. do we know why he has quit? we don't do we know why he has quit? - don't know the precise reasons, don�*t know the precise reasons, but problem have been starting to engulf stellantis since the start of