Stellantis CEO Antonio Filosa said the company’s strategy would place customers at the centre of decision-making while leveraging Stellantis’ global scale and extensive regional footprint.
Stellantis has placed Africa and the Middle East at the centre of its new global growth strategy, unveiling plans to sharply expand regional revenues, localise vehicle production and deepen strategic partnerships as part of its ambitious €60 billion FaSTLAne 2030 programme.
The multinational automotive giant, which owns brands including Jeep, Peugeot, FIAT, Ram and Alfa Romeo, on Thursday said the Middle East and Africa region is expected to deliver 40% revenue growth by 2030, supported by product localisation, increased manufacturing efficiency and stronger collaboration with international partners.
The focus on localisation and regional empowerment is also expected to support industrialisation, skills development and automotive supply chains across parts of Africa as multinational manufacturers reposition for future growth.
The strategy was unveiled during Stellantis’ Investor Day at its North American headquarters in Auburn Hills, Michigan, where CEO Antonio Filosa outlined the company’s five-year plans to accelerate profitable growth while strengthening regional operations.
