07:24 AM EDT, 09/12/2024 (MT Newswires) -- Stellantis' ( STLA ) US dealer network criticized Chief Executive Officer Carlos Tavares for the "rapid degradation" of their brands due to his "short-term decision making," an open letter dated Tuesday from the national dealer council showed.

Tavares' leadership boosted profits last year and padded his CEO compensation, but it ended up shrinking Stellantis' ( STLA ) market share and hurting the Jeep, Ram, Dodge and Chrysler brands, retailers claimed.

"For over two years now, the US Stellantis National Dealer Council has been sounding this alarm to your US executive team, warning them that the course you had set for Stellantis ( STLA ) was going to be a disaster in the long run," the group said in the letter. "A disaster not just for us, but for everyone involved - and now that disaster has arrived."

Stellantis ( STLA ) did not immediately respond to MT Newswires' request for comment.

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