Shares in Vauxhall owner Stellantis tumble after top boss quits abruptly - The car-making giant announced plans last week to shut its Luton van-making factory next April, putting more than 1,100 jobs at risk.

Stellantis noted on Sunday that the process to appoint a new, permanent chief executive was 'well under way', but also signalled Mr Tavares’s departure followed a clash in the boardroom

The boss of Stellantis has resigned after overseeing a sharp drop in car sales, as the Vauxhall owner struggles with the shift to electric vehicles. Carlos Tavares stepped down from his role as chief executive of the world’s fourth-largest carmaker on Sunday, with his departure accelerated following a split with the board.

Stellantis last week placed more than 1,000 jobs at risk after announcing plans to close its manufacturing facility in Luton.

The boss of car making giant Stellantis - which owns brands including Chrysler, Vauxhall, Jeep, Fiat and Peugeot - has stepped down with immediate effect. Carlos Tavares' abrupt exit comes two months after Stellantis issued a profit warning.

Stellantis, which also owns the Peugeot, Fiat and Jeep brands, said it had accepted the resignation of Carlos Tavares.