AUBURN HILLS, Mich. — Stellantis mentioned Thursday it plans to take a position 60 billion euros (US$69.7 billion) beneath a brand new five-year strategic plan by CEO Antonio Filosa that additionally targets annual price financial savings of 6 billion euros by 2028.
The plan contains placing 36 billion euros towards the corporate’s large portfolio of automotive manufacturers to launch greater than 60 new autos in addition to main refreshes of fifty different fashions, together with all-electric autos, hybrids and conventional inner combustion engines.
The opposite 24 billion euros will likely be put towards world car platforms and new applied sciences for the automaker and its merchandise, in response to the corporate.
Tune in Thursday, Might 21, at 10:25 a.m. ET: CNBC’s Phil LeBeau interviews Stellantis CEO Antonio Filosa. Watch in actual time on CNBC+ or the CNBC Professional stream.
Stellantis additionally mentioned it plans to attain optimistic free money movement by 2028 after shedding 22.3 billion euros final 12 months with a 22 billion euro restructuring pulling again from all-electric autos.
Shares of Stellantis on the New York Inventory Trade had been off 4% throughout pre-market buying and selling on Thursday.
Underneath the plan, Stellantis won’t eradicate any of its 14 automotive manufacturers, however it should fold operations of its DS and Lancia European items into Citroen and Fiat, respectively, in response to the corporate.
Fiat is one in every of 4 designated “world manufacturers” alongside Jeep, Ram Vans and Peugot. That division additionally contains the Professional One business operations. Its regional manufacturers will embody Chrysler, Dodge, Citroen, Opel and Alfa Romeo. It additionally owns luxurious model Maserati.
Shares of Stellantis listed within the U.S., Italy and France.
To help in decreasing prices, the corporate plans to launch a brand new “STLA One” car platform in 2027. The brand new platform is designed to carry collectively 5 totally different platforms into “one scalable structure, decreasing complexity and increasing protection.” It targets attaining 20% price effectivity, the corporate mentioned.
By 2030, Stellantis targets 50% of its quantity will likely be produced on three world platforms, with as much as 70% element reuse.
Antonio Filosa attends the presentation of the brand new Fiat 500 Hybrid on the Stellantis FIAT Mirafiori plant in Turin, Italy, on November 25, 2025.
Nurphoto | Nurphoto | Getty Photographs
Filosa — who started main the automaker lower than a 12 months in the past — and different executives are set to put out particulars of the “FaSTLAne 2030” plan all through the day Thursday throughout his first investor day as CEO on the firm’s North American headquarters close to Detroit.
Stellantis Chairman John Elkann, a scion of Fiat’s Agnelli household and CEO of Europe’s outstanding Exor, on Thursday referred to as the plan “formidable, however sensible” whereas outlining trade challenges in addition to alternatives for the corporate beneath Filosa and his new plan.
The plan’s core pillars embody “sharper administration” of the model portfolio, new investments, enhanced partnerships, an optimized manufacturing footprint, “excellence in execution” and empowerment of the corporate’s areas and native groups.
“What we wish you to remove from right this moment is that Stellantis, with all its property, its capabilities, and its new strategic plan, is nicely positioned to succeed,” Filosa mentioned to open the occasion. “You’ll hear from us right this moment how we leverage our regional roots, our world scale, our partnerships and the brand new applied sciences in our journey going ahead.”
The corporate this week introduced a number of new or expanded tie-ups that included Jaguar Land Rover for the U.S. in addition to with Chinese language automakers Leapmotor and Dongfeng Group, primarily for Europe and China.
As the corporate companions with Chinese language automakers, it is also competing in opposition to them as most of the corporations enhance gross sales in Europe.
Amid such competitors, Stellantis mentioned it expects to chop European capability by greater than 800,000 items, whereas repurposing crops and leveraging partnerships. Filosa mentioned the corporate plans to scale back manufacturing with none plant closures.
In each Europe and the U.S., Stellantis mentioned it targets 80% plant utilization in 2030.
Filling these crops will likely be a spread, or a “freedom of alternative,” of merchandise, in response to Stellantis. The corporate’s new or refreshened merchandise are anticipated to incorporate 29 battery-electric autos, 15 plug-in hybrid or extended-range electrical autos, 24 hybrids and 39 gentle hybrids or conventional autos with inner combustion engines.
