Stellantis unveils strategic plan, targets positive cash flow by 2028
CNBC • • business
Key Points:
- Stellantis announced a €60 billion (US$69.7 billion) investment plan over five years aimed at launching over 60 new vehicles and refreshing 50 models, including electric, hybrid, and traditional engines.
- The company aims to achieve €6 billion in annual cost savings by 2028 and reach positive free cash flow by the same year after a €22.3 billion loss last year.
- Stellantis will retain all 14 of its automotive brands but will consolidate DS and Lancia operations into Citroen and Fiat, respectively, while designating Fiat, Jeep, Ram Trucks, and Peugeot as its four global brands.
- A new "STLA One" vehicle platform launching in 2027 will unify five platforms into one scalable architecture, targeting 20% cost efficiency and aiming for 50% of volume on three global platforms by 2030 with up to 70% component reuse.
- CEO Antonio Filosa emphasized the plan's focus on sharper brand management, new investments, enhanced partnerships, optimized manufacturing, and empowerment of regional teams during his first investor day.