Stellantis CEO Antonio Filosa has reaffirmed the automaker’s 2026 financial targets and longer-term cash-flow plans, even as the company’s U.S.-listed shares fell to a record low amid investor concerns over its turnaround.
Speaking at an Automotive News event in Detroit on Wednesday, Filosa said Stellantis remains committed to its forecast for mid-single-digit growth in net revenue and a low-single-digit adjusted operating margin for 2026.
CEO Stands Behind Turnaround Plan
Filosa said the company remains confident in its recovery strategy and believes the targets are achievable. Stellantis is pursuing a broad restructuring plan aimed at rebuilding sales, improving margins, reducing costs and strengthening its product lineup.
The company has described the strategy as FaSTLAne 2030, with new products, operational improvements and greater flexibility across powertrain choices forming key parts of the plan. Stellantis reaffirmed its 2026 guidance in its second-quarter results, citing improvements across revenue, adjusted operating income and industrial free cash flow.
Cash Flow Expected to Improve
The company is also maintaining its longer-term cash targets.
Filosa reiterated that Stellantis expects to become industrially cash-flow positive in 2027 and generate more than €3 billion in free cash flow in 2028. The targets are central to the company's recovery strategy following a difficult period of weaker sales and profitability.
Stellantis has said that new vehicle launches and improvements in production efficiency should gradually strengthen its financial performance.
Shares Hit a New Low
The reaffirmation came as Stellantis shares faced continued pressure.
The company's U.S. shares closed at $4.43 on Tuesday, down 4.1%, marking a new closing low and leaving the stock down nearly 60% for the year. The decline reflects investor concerns about the pace of the turnaround and the challenges facing the global auto industry.
Stellantis has struggled with years of declining sales and margin pressure, particularly in important markets such as North America and China.
New Products Are Central to the Recovery
A major part of the turnaround involves expanding Stellantis' product range.
Filosa has previously acknowledged that the company has gaps in its vehicle lineup, particularly in North America. The FaSTLAne 2030 strategy is designed to increase market coverage through new models and powertrain options, with a significant wave of launches planned from 2027 onward.
The company is also working to close a cost gap with competitors through its value-creation programme and other efficiency measures.
Stellantis Faces a Difficult Market
The automaker is attempting its recovery while dealing with changing consumer demand, intense competition and uncertainty around electric vehicles.
Stellantis recently announced temporary production stoppages at several French factories because of shortages of long-range EV batteries supplied by Automotive Cells Company. Demand for electric vehicles has also been affected by higher fuel prices and broader changes in the global automotive market.
In China, meanwhile, Stellantis is also seeking to strengthen its technology and product offering through partnerships, including a new collaboration with autonomous-driving company Momenta.
The Next Test Is Execution
Stellantis' reaffirmation means the company is sticking with its existing recovery targets despite the sharp decline in its share price.
The immediate focus will be on whether new vehicle launches, cost reductions and stronger regional performance can translate into improved margins and cash generation. For now, Filosa maintains that the turnaround remains on track, while investors will be watching the company's results closely for evidence of progress.
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