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CEO Tavares will have 38 direct reports at Stellantis -- double from PSA

CEO Carlos Tavares will have an unusually large number of direct reports at Stellantis. He says that digital tools developed in the pandemic will make it possible to govern the far-flung group, which will sell cars in more than 130 countries.
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Ford recall of 3 million vehicles to cost $610 million

NHTSA this week ordered the automaker to issue a recall for the late-model vehicles due to potentially defective Takata airbag inflators. Ford separately disclosed it expects to record a pretax remeasurement loss of $1.5 billion in the fourth quarter related to pension and other post-employment benefits plans.
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