Stellantis revealed a five-year strategic plan led by CEO Antonio Filosa, which includes a significant investment of 60 billion euros (approximately US$69.7 billion). This plan allocates 36 billion euros for launching over 60 new vehicles and refreshing 50 existing models, covering all-electric, hybrid, and traditional internal combustion engine vehicles.
The remaining 24 billion euros will focus on developing global vehicle platforms and new technologies. Following a challenging year that saw a loss of 22.3 billion euros, Stellantis aims to achieve positive free cash flow by 2028. The company will maintain all 14 of its automotive brands but will integrate the operations of its DS and Lancia units into Citroen and Fiat, respectively.
A new vehicle platform, 'STLA One,' is set to launch in 2027, aiming for 20% cost efficiency by consolidating five platforms into one. Stellantis also plans to cut European production capacity by over 800,000 units while striving for 80% plant utilization by 2030.
The ambitious plan was described by Chairman John Elkann as 'ambitious, but realistic,' highlighting both the challenges and opportunities ahead for Stellantis as it navigates a competitive landscape, particularly against rising Chinese automakers