Why Recessions Forge Great CEOs Who Think Beyond Cost-Cutting
04/15/2025
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But the CEOs who make history in downturns aren’t the ones with the deepest cuts
October 18, 2022: -On Monday, the CEO of Stellantis said that the company would use its sites to generate half the energy it needs to manufacture by the middle of this decade.
“We have decided the proper investments for Stellantis to be able, from a manufacturing standpoint, in 2025 to deliver 50% of our energy needs within our sites,” Carlos Tavares said.
Tavares’ remarks came as Stellantis geared up to debut what he called the “first pure-EV Jeep” after details of the vehicle were published last month.
According to Stellantis, the Jeep Avenger’s “targeted electric range” is 400 kilometers or under 249 miles.
The company, whose brands include Fiat, Chrysler, and Citroen, is set to open up reservations for the Avenger on Monday, and it’s slated to arrive in showrooms next year.
Stellantis wants all European passenger sales to be battery-electric by the year 2030. The U.S. wants a “50% passenger car and light-duty truck BEV sales mix” within the same timeframe.
The above targets come as major economies plan to move away from the internal combustion engine in favor of battery electric vehicles.
The European Union, for example, plans to stop the sale of new diesel and gasoline cars and vans from 2035. The U.K., which left the EU on January 31, 2020, is pursuing similar targets.
Stellantis’ plans to focus on its energy supplies are not unique within the automotive industry. In a separate interview with CNBC, the CEO of Mercedes-Benz
Ola Kallenius offered insight into his firm’s goals on that front, including plans to develop a wind farm in northern Germany.
Kallenius also said the company had “recently decided with a European energy provider to build a large-scale project in the Baltic Sea.”
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
Companies invest millions in leadership development, yet many of their best executives leave within a few years. Why?
The most successful business leaders don’t just identify gaps in the market; they anticipate future needs before anyone else.
With technological advancements, shifting consumer expectations, and global interconnectedness, the role of business leaders
The leadership landscape is profoundly changing, influenced by technological advancements, shifting workforce expectations, and the need for adaptability in an unpredictable global environment.
In the fast-paced business world, corporate leaders often find themselves at the crossroads of risk and reward, where bold decisions …
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
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