Stellantis on Thursday in the United States unveiled the group’s new strategic plan, which entails €60 billion of investment by 2030 and 60 new models in the pipeline to speed up growth and profits.
The plan was presented by the top management of the carmaker – formed through Fiat’s acquisition of around ten brands starting with Chrysler and Peugeot – during an investor conference held on Thursday in Auburn Hills, Michigan.
The chairman of Stellantis, John Elkann, described the FASTlane 2030 business plan as “ambitious but realistic”, as it foresees the rapid development of several products and updates to existing models while at the same time cutting annual costs by €6 billion by 2028.
“FaSTlane 2030 is the result of months of disciplined work across the company and is designed to drive profitable long-term growth,” added the group’s chief executive Antonio Filosa, “the plan will deliver on our purpose: enabling people to move with the brands and products they love and trust.”
Fiat, and the wider group built around it, has to make up ground on electrification, where it lags behind Chinese rivals, as do other major European manufacturers, with which it is moreover in talks over the sale of plants in Europe.
