Stellantis unveils 60 bln euro push to revive profitability
Jeep and Fiat owner Stellantis said that it would invest 60 billion euros in a five-year push to restore profitability by emphasizing growth in North America and reducing capacity in Europe.
The strategic blueprint presented in Michigan comes after a series of announcements by CEO Antonio Filosa.
“We are uniquely positioned to offer delight, functionality, and affordability,” Filosa said in a statement as the Italian-French-American auto giant seeks to pivot from deep losses in 2025.
Stellantis will trim its annual costs by 6 billion euros in 2028 compared with 2025. It is targeting annual sales of 190 billion euros in 2030 from 154 billion euros in 2025.
