The chief executive officer of Stellantis, Carlos Tavares, has resigned with immediate effect, over differences in the strategic direction of the company.

London open The FTSE 100 is expected to open one point higher on Monday, having closed up 0.07% on Friday at 8,287.30.

Tavares was known for his aggressive cost-cutting strategies, first at the French group PSA and later at Stellantis after its ...