Stellantis stock off 43% as Jeep maker turns five, executes turnaround
CNBC • • business
Key Points:
- Stellantis, formed through a $52 billion merger of Fiat Chrysler and Groupe PSA in 2021, has seen its shares decline about 43% in the U.S. and 40% in Italy over five years, despite an early post-merger stock rally.
- New CEO Antonio Filosa, who took over in mid-2024 after Carlos Tavares' abrupt departure, is focused on a turnaround strategy emphasizing growth, particularly by regaining U.S. market share for Jeep and Ram brands.
- Filosa is reconsidering the company’s extensive brand portfolio, including underperforming Italian brands Fiat and Alfa Romeo, but affirmed that Stellantis should remain unified rather than selling off assets.
- The CEO aims to repair strained relationships with
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