The Bad PlaceUS Top News and Analysis | Stellantis unveils $70 billion turnaround plan, targets positive cash flow by 2028
AI generated summary, Read the full article for complete information.
Stellantis announced a €60 billion (≈$69.7 billion) five‑year strategic plan that aims to generate €6 billion in annual cost savings and achieve positive free cash flow by 2028. The plan allocates €36 billion to its portfolio of 14 automotive brands for launching more than 60 new models and refreshing 50 existing ones—including EVs, hybrids and internal‑combustion vehicles—while the remaining €24 billion will fund global vehicle platforms and new technologies. Although no brands will be eliminated, the DS and Lancia European units will be merged into Citroën and Fiat, respectively, and the company will retain its “global” brands (Fiat, Jeep, Ram, and Peugeot) alongside regional marques such as Chrysler, Dodge, Opel, Alfa Romeo and Maserati. CEO Antonio Filosa presented the plan during Stellantis’s first investor day at its North‑American headquarters near Detroit.
Read more: https://www.cnbc.com/2026/05/21/stellantis-investor-day.html