Stellantis has initiated a search for a successor to CEO Carlos Tavares, Bloomberg News reported on Monday citing people familiar with the matter. Tavares has been under pressure to correct the automaker's struggling North American operations,

The company's chair is increasingly dissatisfied with the situation in North America, where sales have have slowed and several executives left.

In an interview with Bloomberg, Stellantis chairman John Elkann confirmed the search has started for a new CEO. Elkann, who is also the chairman of Ferrari, didn't rule out a rene