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CORRECTION: Stellantis unveils $70 billion turnaround plan, targets positive cash flow by 2027

CORRECTION: Stellantis unveils $70 billion turnaround plan, targets positive cash flow by 2027

Michael Wayland· ·1 min read · 0 reactions · 0 comments · 103 views
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Stellantis has announced a $70 billion turnaround plan aimed at achieving positive cash flow by 2028. The five-year strategy includes significant investments in new vehicle launches and technology development. The company will maintain its 14 automotive brands while restructuring some operations to enhance efficiency.

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US Top News and Analysis · Michael Wayland
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Original publisherUS Top News and Analysis
Canonical URLhttps://www.cnbc.com/2026/05/21/stellantis-investor-day.html
Publication timeThu, 21 May 2026 17:49:13 GMT
Retrieval time2026-05-21T11:36:11.791Z
Last seen2026-05-21T17:50:57.298Z
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SummaryWeSearch · cerebras-chat (WeSearch summarizer)
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ClusteroDdy2WrrG9gz · 2 stories
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Substitutes article?No — link-out required for full text

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Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.

Opening excerpt (first ~120 words) tap to expand

AUBURN HILLS, Mich. — Stellantis said Thursday it plans to invest 60 billion euros (US$69.7 billion) under a new five-year strategic plan by CEO Antonio Filosa that also targets annual cost savings of 6 billion euros by 2028.The plan includes putting 36 billion euros toward the company's massive portfolio of automotive brands to launch more than 60 new vehicles as well as major refreshes of 50 other models, including all-electric vehicles, hybrids and traditional internal combustion engines.The other 24 billion euros will be put toward global vehicle platforms and new technologies for the automaker and its products, according to the company.Tune in Thursday, May 21, at 10:25 a.m. ET: CNBC's Phil LeBeau interviews Stellantis CEO Antonio Filosa.

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