DETROIT >> Troubled automaker Stellantis has decided that its Ram brand needs its own executive, so the company is bringing back an executive who retired this year when CEO Carlos Tavares was running the company.

Tim Kuniskis, who served as the unofficial spokesman for the American muscle car, is taking over as CEO of Ram effective immediately, company spokeswoman Shawn Morgan said Monday.

The return of Kuniskis is part of several management moves by the struggling company designed to bolster its North American leadership.

Sales of Ram pickups, the company’s top selling and most profitable product, have fallen almost 18% this year.

— The Associated Press

Omnicom Group Inc. has agreed to buy Interpublic Group in a deal that will create the world’s largest advertising company.

Under the terms of the agreement announced Monday, Interpublic shareholders will receive 0.344 Omnicom shares for each share of Interpublic common stock they own. Based on Omnicom’s closing share price Friday of $103.427, that values the deal at $35.58 a share, or $13.3 billion excluding debt, according to Bloomberg calculations.

The price will be calculated based on Omnicom’s share price at the time of the deal’s closing.

— Bloomberg

At that point, Omnicom shareholders will own 60.6% of the combined company and Interpublic shareholders will own 39.4%, on a fully diluted basis.

— Bloomberg