Stellantis insiders are pointing fingers at former CEO Carlos Tavares for the downfall of the Hemi V-8 engine. Sources speaking anonymously to CNBC revealed that despite internal support for the engine, Tavares was determined to phase it out in favor of greener initiatives.
The iconic Hemi V-8 is still available in Dodge's full-size pickups and the Durango SRT Hellcat, but it has disappeared from passenger cars. Insiders mentioned Tavares's reluctance to adapt to the American market, which some believe played a role in this decision and his eventual departure.
After a challenging year and Tavares's exit, Stellantis is now under the leadership of interim executive chairman John Elkann. Interestingly, Tim Kuniskis, the former Dodge CEO who introduced the Hellcat lineup, has returned as CEO of Ram. While this suggests potential changes, a Hemi comeback remains uncertain.
Stellantis, while still offering some Hemi models, is looking to move forward. The shifts in market dynamics and leadership indicate a strategic pivot. With the company's growth in electric vehicles progressing slowly, the future path is still speculative.
Summary: Amid leadership transitions, Stellantis insiders hold former CEO Carlos Tavares accountable for the end of the Hemi V-8, citing his focus on green energy. Although the engine continues in certain models, its absence from passenger cars highlights broader strategic challenges and leadership changes.
