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Stellantis, formed from the 2021 merger of France’s PSA Peugeot and Fiat Chrysler Automobiles, has faced challenges this year in both Europe and the U.S.

Demand for electric vehicles is showing signs of recovering as prices for plug-in models are coming down, according to Stellantis NV and Renault SA.

Stellantis announced a number of significant leadership changes, including the timing of CEO Carlos Tavares’ retirement as it struggles to revive sales in North America.

Stellantis CEO Carlos Tavares may present his proposal at a board of directors meeting in the U.S. this week, said the people, who asked not to be identified discussing confidential information.

Stellantis NV is suing the United Auto Workers to prevent a possible strike stemming from a dispute about promised investments at its U.S. assembly plants.

In his first public comments since Stellantis confirmed it had started searching for his successor, CEO Carlos Tavares signaled he’s open to leaving the automaker just over a year from now.

Stellantis NV’s U.S. sales plunged 20% last quarter as the beleaguered automaker struggled to tame bloated inventories amid high interest rates and softening consumer demand.

This recall is the latest setback for Stellantis, which has been grappling with declining sales, a falling stock price and unrest among dealers and unions.

Stellantis NV Chairman John Elkann has started a search for a successor to CEO Carlos Tavares, whose contract runs out in early 2026.

The United Auto Workers will ask members to greenlight a strike against Stellantis NV, escalating an already tense standoff with one of the world’s largest car manufacturers.