Stellantis CEO Carlos Tavares alternated between defiance and contrition about the company's turnaround plans on Monday in a packed schedule of public events at the Paris auto show following a massive profit warning.

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Stellantis CEO Carlos Tavares sounded a defiant note at the Paris car show on Monday, a fortnight after the automaker issued a massive profit warning. The warning shocked investors used to high margins fuelled by lucrative U.

Shares slid nearly 4 percent to their lowest since July 2022 as investors fret that soaring costs of reviving the automaker's U.S. business will threaten its generous payouts to shareholders.

By Nick Carey, Ben Klayman and Gilles Guillaume PARIS (Reuters) -Stellantis CEO Carlos Tavares kicked off a packed schedule of public events at the Paris auto show on Monday with comments that alternated between defiance and contrition about the company's turnaround plans after a massive profit warning.

Stellantis is not ruling out future job cuts, CEO Carlos Tavares said on Monday. "I am not ruling out anything", Tavares told radio Rtl, answering a question on whether he intended to cut jobs on the sidelines of the Paris Motor Show,