Stellantis names Italian car executive Antonio Filosa its new CEO
Antonio Filosa
as its new chief executive officer Wednesday, replacing Carlos Tavares, who resigned under pressure last year.
Filosa, who is currently Stellantis' chief operating officer for the Americas and chief quality officer, takes the post effective June 23, when he is expected to announce his leadership team.
The move returns the running of Stellantis, created from the 2021 merger of France's PSA Peugeot with Italian-US carmaker Fiat Chrysler Automobiles, to Italian hands after three years under Tavares, who previously served as Peugeot's top executive. John Elkann, heir to the Fiat-founding Agnelli family, remains chairman.
Elkann praised Filosa's "deep understanding of our company, including its people, who he views as our core strength, and of our industry."
Robert Peugeot said the board's choice was unanimous, calling Filosa a "natural choice" due to his leadership track record and knowledge of the business and "the complex dynamics facing our industry."
Filosa joined Fiat in 1999, spending much of his career in Latin America where held positions from plant manager to head of purchasing and later chief operating officer.
He was promoted to chief operating officer of the Americas in 2024 in an executive shakeup as sales slumped in North America, its main source of profits.
Stellantis has been lagging globally in the transition to electric powertrains and facing stiff Chinese competition. Analysts also have said Stellantis, with 14 brands, is yoked by too many under-performers, including Maserati and Chrysler.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hindu
10 minutes ago
- The Hindu
China urges Thailand, Cambodia reconciliation in three-way talks
China expressed support for Thailand and Cambodia in resolving their border dispute on Thursday (August 14, 2025) and offered to provide assistance based on the wishes of both nations, Chinese Foreign Minister Wang Yi said. Mr. Wang said China supports the Southeast Asian countries in strengthening dialogue and eliminating misunderstandings, adding he hoped they would rebuild mutual trust and restore friendship, according to statements from his Ministry. He met his Thai and Cambodian counterparts separately during the day but also convened a three-way conversation on the sidelines of the Lancang-Mekong Cooperation Foreign Ministers' Meeting in China's southwestern Yunnan province, readouts of the three meetings showed. In their "friendly and candid communication", Mr. Wang said China hoped that the two countries could reopen border crossings as soon as possible, a Chinese Foreign Ministry statement said. China also promised support and assistance for landmine clearance in the border areas of Cambodia and Thailand, and the three ministers agreed to continue communication in a "flexible manner", the Chinese statement added. Thailand and Cambodia have wrangled for decades over border territory and a border conflict erupted last month after the killing of a Cambodian soldier in a skirmish late in May. It was the worst fighting in more than a decade and only eased after a ceasefire was struck in late July. In a bilateral meeting with Thailand's Maris, Mr. Wang spoke about China's readiness to accelerate a China-Thailand railway construction project, encourage more investments from Chinese enterprises in Thailand and ensure the stability of the regional production and supply chain. It is hoped that Thailand will provide more policy support and facilitation for Chinese enterprises, he told his Thai counterpart. While meeting with Cambodian Foreign Minister Prak Sokhonn, Mr. Wang sounded support for Cambodia maintaining political stability, and said China is appreciative of the country's crackdown on online gambling and wire fraud. He also expressed hopes that Cambodia will continue strong measures for joint efforts in the region against cross-border criminal activities.
The Hindu
10 minutes ago
- The Hindu
Pakistan will set up Rocket Force Command: Shehbaz
Pakistan will establish a new military force to supervise its missile capabilities, the Prime Minister has said, after its worst conflict in decades with India. Prime Minister Shehbaz Sharif announced the formation of the Rocket Force Command while addressing an Independence Day ceremony in Islamabad attended by senior military officials late on Wednesday (August 13, 2025). 'It will be equipped with modern technology and capable of striking the enemy from all directions,' Mr. Sharif said at the ceremony, during which the deadly clash with India in May dominated official speeches and displays. 'It will improve our conventional war capabilities,' he said, commending the military for its performance. Pakistan and India fought an intense four-day conflict in May that killed dozens of people on both sides in missile, drone and artillery fire, the worst clashes between the nuclear-armed neighbours since 1999. Higher defence spend Islamabad is boosting its military capabilities following the conflict, increasing defence spending by 20% in the current Budget that was passed in June. It also announced that it was in discussions to acquire 40 new Chinese fighter jets and new air defence systems. 'After the recent conflict, the object of course is to further strengthen Pakistan's military capability and this is a part of that process,' defence analyst Talat Masood said. The May conflict was triggered by a deadly attack on tourists in Kashmir's Pahalgam on April 22, which resulted in the death of 26 civilians. Islamabad is in talks to acquire 40 new Chinese fighter jets and new air defence systems.
Time of India
20 minutes ago
- Time of India
'Drishyam 2' producer Kumar Mangat Pathak granted bail by Patiala House court
Producer has been granted anticipatory bail by the Patiala House court in Delhi with regard to an FIR lodged by . Rajinder had alleged that he transferred money to the tune of INR 75 lakhs for the dubbing of 'Drishyam 2' for its release in the Chinese market, including China, Hong Kong, and Taiwan. Tired of too many ads? go ad free now The court found no substance in the allegations against Kumar Mangat Pathak after considering the facts, circumstances, and evidence on record. The court observed in the ledger entries that the payment made to the corporate account of Panorama Studios International Limited by Rajinder Goel was for a Gujarati film, and not for 'Drishyam 2.' The producer's legal team said in a statement, "It is categorically stated that Mr. Kumar Mangat Pathak on behalf of his company Panorama Studios International Limited (PSIL) has never entered into any transaction or agreement with Mr. Rajinder Goel, and as such, he has never invested any money with Mr. Kumar Mangat Pathak or PSIL. His allegations are false, baseless, concocted and appear to be an afterthought designed to create a misleading and malicious narrative with intentions to malign the reputation of Kumar Mangat Pathak and PSIL. It is further clarified that any dealings , transactions done by Mr. Rajinder Goel were solely with a third party and not with Mr. Kumar Mangat Pathak or his company. Any attempt to link Mr. Kumar Mangat Pathak to such transactions is wholly unfounded and malicious." Following the bail, Kumar Mangat Pathak has instructed his legal team to initiate Rs 100 crore defamation suit against Rajinder Goel. The producer's advocate, Vineet Dhanda, said, "We also urge members of the press to act with responsibility and refrain from publishing or circulating unverified and false narratives that can cause unwarranted harm to Mr. Pathak's reputation and standing in the film industry." "The legal team will take all necessary steps, including legal proceedings, against any individual or entity found propagating such falsehoods," he added.
