Stellantis CEO reconfirms 2026 guidance, says turnaround plan continues as automaker’s shares hit new low

by | Sep 30, 2026 | Business

Stellantis CEO reconfirms 2026 guidance, says turnaround plan continues as automaker's shares hit new low

Stellantis CEO Antonio Filosa restated the company’s financial objectives for this year, including a mid-single-digit percentage rise in net revenue and a low-single-digit adjusted operating margin. The executive expressed confidence in meeting these targets during an industry event held in Detroit.

The company also reiterated longer-term cash flow objectives, with plans to achieve positive cash flow by next year and generate more than 3 billion euros in free cash flow by 2028. The automaker reported a free cash flow loss of 4.5 billion euros in the previous year, making the transition to positive cash generation a key component of its recovery strategy.

The stock reached a new closing low earlier in the week, contributing to substantial share price declines throughout the year. Shares continued to decline further, falling an additional 1.58% on Wednesday to close at $4.36 per share, marking the worst annual performance since the company’s formation through a merger in January 2021.

Filosa, who assumed the CEO role in June 2025, is overseeing a roughly $70 billion turnaround initiative designed to address margin pressures and long-standing sales challenges, particularly in North America. The strategy focuses on strengthening regional brands like Ram and Jeep while maintaining the company’s portfolio of 14 automotive brands. Key pillars include improved brand portfolio management, new investments, partnerships, manufacturing optimization, and empowerment of regional teams. Industry analysts have suggested that despite leadership’s public commitment to keeping the company unified, alternative structural scenarios could emerge over the longer term.

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