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Antonio Filosa took over as CEO two months ago after Carlos Tavares resigned under pressure last year. Stellantis, which was created from the 2021 merger of France’s PSA Peugeot with Italian-U.S.

Under Tavares, industry experts said Stellantis had priced itself out of the US market and failed to update popular models, leaving the company with vast numbers of unsold cars.

Stellantis on July 21 announced a surprise $2.7 billion first-half net loss, while analysts had expected a small profit. The maker of Jeeps is tallying the costs of trade wars.

Stellantis sales in the U.S. fell 10% in the second quarter despite resilient demand for Jeep SUVs and Ram trucks.

Stellantis has undergone some serious global changes over the last six months, however, from the departure of former CEO Carlos Tavares to the retirement and return of ex-Dodge, now Ram boss Tim ...

Filosa, 51, is succeeding Stellantis CEO Carlos Tavares. Tavares was the first CEO of the company following a merger between Fiat Chrysler Automobiles and Peugeot S.A. Group in 2021.

The most recent CEO, Carlos Tavares, who spearheaded the merger to form Stellantis, abruptly resigned in December amid disagreements with the board.

Filosa, a 25-year company veteran, was named as the new head of the automaker last month following a six-month search, after former boss Carlos Tavares departed last December.