AUBURN HILLS, Mich. — Stellantis announced plans on Thursday to invest 60 billion euros ($69.7 billion) as part of a new five-year strategic plan from CEO Antonio Filosa that also aims annual savings of 6 billion euros by 2028.
The plan calls for investing 36 billion euros in the group’s huge portfolio of automotive brands, 60% of which is planned for North America. The company plans to introduce more than 60 new vehicles and make major updates to 50 models, including fully electric vehicles, hybrids and traditional internal combustion engines.
The remaining 24 billion euros will be dedicated to global automotive platforms and new technologies for the automaker and its products, according to the company.
Tune in Thursday, May 21 at 10:25 a.m. ET: CNBC’s Phil LeBeau interviews Antonio Filosa, CEO of Stellantis. Watch in real time on CNBC+ or the CNBC Pro stream.
Stellantis also said it expects to achieve positive free cash flow by 2028 after losing €22.3 billion last year with a €22 billion restructuring moving away from fully electric vehicles.
The company is targeting revenue growth from its core global operations through 2030. Specifically, it is targeting revenue growth in North America of 25%, with adjusted operating profit, or AOI, between 8% and 10% during this period. It is also targeting revenue growth of 15% and an AOI of between 3% and 5% for wider Europe. It expects double-digit revenue growth in South America, the Middle East and Africa, with AOI between 4% and 6% in Asia Pacific.
Shares of Stellantis on the New York Stock Exchange lost about 7% in early trading Thursday.
Under the plan, Stellantis will not eliminate any of its 14 auto brands, but it will consolidate the operations of its European DS and Lancia units into Citroën and Fiat, respectively, according to the company.
Fiat is one of four designated “global brands” alongside Jeep, Ram Trucks and Peugot. This division also includes Pro One business operations. Its regional brands will include Chrysler, Dodge, Citroën, Opel and Alfa Romeo. It also owns the luxury brand Maserati.
Stellantis shares listed in the United States, Italy and France.
To help reduce costs, Stellantis plans to launch a new vehicle platform “STLA One” in 2027. The new platform is designed to bring together five different platforms into “a scalable architecture, reducing complexity and expanding coverage.” The goal is to achieve 20% profitability, the company said.
By 2030, Stellantis aims to have 50% of its volume produced across three global platforms, with up to 70% component reuse.
Filosa — who began leading the automaker less than a year ago — and other executives are expected to outline details of the “FaSTLAne 2030” plan throughout Thursday, during his first investor day as CEO at the company’s North American headquarters near Detroit.
John Elkann, chairman of Stellantis, scion of Fiat’s Agnelli family and CEO of Europe’s leading holding company Exoron Thursday called the plan “ambitious, yet realistic” while outlining the industry’s challenges as well as opportunities for the company under Filosa and his new plan.
The main pillars of the plan are “sharper management” of the brand portfolio, new investments, strengthened partnerships, an optimized manufacturing footprint, “excellence in execution” and empowerment of the company’s regions and local teams.
“What we want you to take away today is that Stellantis, with all its assets, its capabilities and its new strategic plan, is well positioned for success,” Filosa said as he opened the event. “Today we will share with you how we are leveraging our regional roots, global scale, partnerships and new technologies to move forward. »
Antonio Filosa attends the presentation of the new Fiat 500 Hybrid at the Stellantis FIAT Mirafiori factory in Turin, Italy, November 25, 2025.
Nuphoto | Nuphoto | Getty Images
The company announced several new or expanded tie-ups this week, including Jaguar Land Rover for the United States as well as with Chinese automakers Leapmotor and Dongfeng Group, primarily for Europe and China.
As Stellantis partners with Chinese automakers, it also competes with them as many companies increase sales in Europe.
Faced with such competition, Stellantis said it plans to reduce its European capacity by more than 800,000 units, while reallocating its factories and leveraging partnerships. Filosa said the company plans to reduce production without any factory closures.
In Europe and the United States, Stellantis said it was targeting 80% facility utilization by 2030.
Filling these factories will be a variety, or “freedom of choice,” of products, according to Stellantis. The company’s new or updated products are expected to include 29 battery electric vehicles, 15 plug-in hybrid or extended-range electric vehicles, 24 hybrids and 39 mild hybrid or traditional vehicles equipped with internal combustion engines.