shares in stellantis, which owns the peugoet fiat and jeep brands, were down around 8% in paris thisning. 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, but problem have been starting to engulf stellantis since the start of the year. dealers in north america have essentially found themselves with large inventory of cars just cant sell because they are not what the market wanted. there has been a lot of criticism of stellantis itself and carlos tavares because of that. in europe, stellantis is facing similar pressures to other car makers are facing in that it has a large number of factories making a lot of cars but there should be, particularly electric cars, that it has invested a lot of money developing. it is facing competition from chinese brands that are

shares in stellantis, which owns the peugoet fiat and jeep brands, were down around 8% in paris thisexecutive 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