NEW YORK (AP) — Stellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the automaker, which owns car brands like Jeep, Citroën and Ram, amid an ongoing struggle with slumping sales.

The world’s fourth-largest carmaker announced that its board accepted Tavares’ resignation Sunday, effective immediately.

Stellantis noted Sunday that the process of finding a new, permanent CEO is “well under way.” In the meantime, the company says a new interim executive committee, led by chairman John Elkann, will be established.

As head of PSA Peugeot, Tavares took control of the Netherlands-based company in January 2021 — when it merged with Fiat Chrysler Automobiles, creating an automotive giant that is the parent to several well-known brands today. Beyond Jeep, Citroën and Ram, the company portfolio includes Dodge, Chrysler, Fiat, Peugeot, Maserati and Opel.

Stellantis’ North American operations had been the company’s main source of profits for some time, but struggles piled up this year, with the company citing rising competition and larger market changes. As a result of lofty sticker prices and fewer affordable options, many high-priced vehicles have been left unsold on dealers’ lots.

For its third quarter, Stellantis posted 27% plunge in net revenues, as gaps in launching new products and action to reduce inventories also slashed global shipments of new vehicles by 20%.

The carmaker reported net revenues of 33 billion euros (nearly $36 billion ) in the three-month period ending Sept. 30, down from 45 billion euros in the same period last year. All regions except South America reported double-digit dips in revenues — led by North America, which plunged 42% to 12.4 billion euros ($13.1 billion).

In recent months, Tavares had come under fire from U.S. dealers and the United Auto Workers union after the release of dismal financial performance reports. He also oversaw cost-cutting efforts that included delaying factory openings and laying off union workers — further straining the company’s relations with the UAW, which filed several grievances against Stellantis and threatened to strike in recent months.

The UAW welcomed Tavares’ resignation with president Shawn Fain calling the move “a major step in the right direction for a company that has been mismanaged and a workforce that has been mistreated for too long.” He noted that thousands of UAW members had been calling for Tavares’ firing for weeks for what Fain called the CEO’s “reckless mismanagement of the company.”

“Tavares is leaving behind a mess of painful layoffs and overpriced vehicles sitting on dealership lots,” Fain said in a statement. He added that the union looks forward to sitting down with Stellantis’ new chief executive and “will keep using all means available” to hold the company accountable.

Beyond the U.S., Stellantis has faced pressure in Italy — where lawmakers questioned the former chief executive over the company’s production plans in October, with the far-right government accusing the company of relocating assembly plants to low-cost countries. Tens of thousands of autoworkers in the country also held a one-day walkout, calling for more employment certainty and protections.

In efforts to revive sales, Stellantis previously made a number of leadership changes in October, which included naming new heads of operations in North America and Europe. At the time, the company expected Tavares to step down in early 2026, closer to the end of his five-year contract.

The company confirmed in September that it was searching for a CEO to eventually succeed Tavares, but it maintained those efforts were part of standard leadership transition plans.

In a statement Sunday, Stellantis’ senior independent director Henri de Castries said that Stellantis’ success is “rooted in a perfect alignment” between shareholders, the company’s board and the CEO — but noted “different views” had emerged in recent weeks, resulting in the decision to approve Tavares’ resignation.

Elkann, the chairperson of Stellantis’ board, thanked Tavares for “his years of dedicated service and the role he has played in the creation of Stellantis” in an additional statement. He added that he looks forward to appointing a new CEO.

Stellantis did not comment further beyond Sunday’s release. The announcement arrived shortly after Bloomberg reported Tavares’ plans to step down, citing unnamed sources familiar with the matter.

The city of Detroit is using money from the American Rescue Plan Act to help residents with disabilities make their homes more accessible.

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The Detroit Home Accessibility Program — a joint project of the city of Detroit, CHN Housing Partners and Detroit Disability Power — dedicates more than $6 million in ARPA funds to home modifications for eligible residents to add ramps or lifts, widen entrances, modify handrails, or add alarms to the entries and exits of their home.

“Detroit has more than 129,000 disabled residents. Members of this large, diverse and important constituency deserve the ability to fully engage in all that our City has to offer,” said Ani Grigorian, disability access consulting manager at Detroit Disability Power, in a news release. “This program is an important step towards greater accessibility, and therefore increased well-being.”

Homeowners who live in single-family homes who receive social security disability benefits, Michigan Department of Health and Human Services (MDHHS) Children’s Healthcare Services benefits or Veterans Administration disability benefits can still apply.

The program is expected to provide accessibility upgrades to at least 250 homes.

Applicants must also have homeowner’s insurance and be current on property taxes or in a payment plan. There are income requirements for participation. For more information, visit chnhousingpartners.org/Detroit/dhap or call 866-313-2520. 

Other headlines for Tuesday, Sept. 10, 2024:

• Mason K-8 Academy opened its newly renovated and stocked school library today. The Detroit Public Schools Community District (DPSCD) chose Mason to receive 18,000 new books from the Council of Great City Schools and Scholastic.
• Cass Tech students who live in Hamtramck and “Banglatown” – an area close to Hamtramck – are asking DPSCD to provide bus transportation to the school. Education nonprofit 482Forward organized student and adult members to take their appeal to tonight’s school board meeting. 
• The Detroit Food Commons will host a concert series this fall. The Freedom Sounds fall concert series kicks off Sunday, Sept. 22 with jazz percussionist and Jazz at Lincoln Center alum Ali Jackson. Bassist and composer Marion Hayden will perform Oct. 27; and on Nov. 24, multi-genre percussionist and food justice advocate Aisha Ellis will perform. The series is curated by violinist and flutist Michelle May. The events, held in the Mama Imani Humphrey Banquet Hall on the second floor of Detroit Commons, cost $25 to attend with funds going towards Detroit Black Community Food Sovereignty Network’s community programs. 
• The Hamtramck Parks Conservancy has a new director of programming and communications. Alicia Chiaravalli has a background in environmental science, play design and sustainability. She will be responsible for developing recreation programs, coordinating volunteers and community partnerships for the conservancy. 

Do you have a community story we should tell? Let us know in an email at detroiteveningreport@wdet.org.

Officials in Detroit are again offering a photo identification card that allows residents access to various businesses and city services.