Tavares has been under fire from US dealers and the United Auto Workers (UAW) union after a dismal first-half financial performance when the company was caught off guard with too much high-priced inventory on dealer lots.
As head of PSA Peugeot, Tavares took control of the Netherlands-based company in January 2021 when it merged with Fiat Chrysler Automobiles. Its North American operations had been the company's main source of profits, but have struggled this year amid larger market changes.
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