(Reuters) - Automaker Stellantis (NYSE: ) told its U.S. dealers on Wednesday that its August sales were up 21% from July, and its dealer inventory was reduced for two consecutive months by approximately 10%.
The retailers accused the chief of "short-term decision making", which boosted profits last year and padded his compensation which they claim have shrunk market share, the report added.
In August, Reuters reported that Tavares visited the U.S. to reassure employees,investors and meet dealers in the Detroit area to discuss issues such as reducing inventories and adjusting vehicle production.
Stellantis' first-half operating income fell 40%, mainly due to poor business performance in North America, its profit powerhouse.
Vehicle sales in the region for its top brands, Ram and Jeep, have both declined at least 33% from the first half of 2019 to the same period this year, according to research firm Cox Automotive.

Stellantis defends itself after US dealers flag concerns By Reuters