Stellantis CEO Carlos Tavares steps down as the company faces declining sales and profit warnings, citing supply chain issues and competition from Chinese manufacturers.
Brand Finance's Global 500 report ranks the world's top car brands, with Toyota, Mercedes-Benz, and Hyundai taking the top three spots, highlighting innovation and strategic branding as key drivers of success.
Russia's largest automaker, AvtoVAZ, is diversifying its operations beyond its home market by establishing a spare parts hub and service center in Nigeria, with plans for a local assembly plant and alternative fuel vehicles.
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