Stellantis CEO Antonio Filosa speaks during an event in Turin, Italy, November 25, 2025.
Danièle Mascolo | Reuters
DETROIT — Stellantis CEO Antonio Filosa reconfirmed the company’s 2026 forecast and long-term cash flow targets on Wednesday, as the struggling automaker’s U.S. shares trade at an all-time low.
“We are fully committed and we are confident that we will achieve this,” Filosa said Wednesday of Stellantis’ guidance for this year of a high-single-digit percentage increase in net sales and a high-single-digit adjusted operating margin.
Filosa also reiterated that the company aims to be cash flow positive by next year and to generate more than €3 billion ($3.4 billion) in free cash flow in 2028.
The stock closed Tuesday at $4.43 per share, down 4.1% during the day’s trading session. That’s a new closing low for the company’s U.S. shares and contributed to a loss of nearly 60% so far this year. The stock is on track to experience its worst annual performance since the creation of the automaker through the merger of Fiat Chrysler and Groupe PSA in January 2021.
The transatlantic automaker has implemented a roughly $70 billion turnaround plan following margin dilution and years of declining sales, particularly in North America and the United States.
Filosa’s turnaround strategy included focusing on regional brands to boost sales, such as Ram and Jeep in the United States, but it did not reduce its vast portfolio of 14 auto brands. The main pillars of the plan are “sharper management” of the brand portfolio, new investments, strengthened partnerships, an optimized manufacturing footprint, “excellence in execution” and empowerment of the company’s regions and local teams.
RBC Capital Markets analyst Tom Narayan said in a note to investors Tuesday that despite public comments in favor of maintaining the business, the company views a “breakup as a plausible long-term scenario” for Stellantis.
The goal is for the company to achieve positive free cash flow by 2027. Free cash flow for the automaker represented a loss of 4.5 billion euros last year.
“The reset mantra revolves around freedom of choice,” Filosa, who becomes CEO in June 2025, said Wednesday at an Automotive News event in Detroit. “It’s about listening more to the customer.”
Gn bussni
