DETROIT — Stellantis Chief Executive Antonio Filosa on Wednesday restated the automaker’s full-year 2026 financial targets and long-term cash-flow objectives, asserting that the company’s turnaround strategy remains on track despite its stock sinking to an all-time low.
Speaking at an Automotive News event in Detroit, Filosa expressed confidence that Stellantis will achieve its stated goal of mid-single-digit net revenue growth and a low-single-digit adjusted operating margin for 2026.
“We are completely committed and we are convinced that we will do that,” Filosa said. He also reiterated the company’s aim to become cash-flow positive by 2027 and to generate more than 3 billion euros in free cash flow by 2028.
The comments came as Stellantis’ U.S. shares closed Tuesday at $4.43 per share, a new closing record low following a 4.1% decline during the trading session. The drop contributes to a roughly 60% loss for the stock year-to-date, putting it on pace for its worst annual performance since the merger of Fiat Chrysler and PSA Groupe created the automaker in January 2021.
Stellantis has been implementing a nearly $70 billion turnaround plan designed to counter persistent margin erosion and prolonged sales declines, particularly across North America. Under Filosa, who assumed the CEO role in June 2025, the strategy emphasizes “sharper management” of the brand portfolio, targeted new investments, enhanced partnerships, an optimized manufacturing footprint, and greater empowerment of regional teams.
While the plan includes a focus on regional marques such as Ram and Jeep to stimulate U.S. sales, Filosa confirmed that Stellantis does not intend to reduce its current portfolio of 14 automotive brands.
“The mantra of the reset is around freedom of choice,” Filosa said, noting a renewed emphasis on listening more closely to customers. The turnaround follows a difficult period in which the automaker reported a free cash-flow loss of 4.5 billion euros last year.
Love my Jeep, but corporate seems lost. Let’s see if this reset actually changes anything.
Cash-flow positive by 2027? That is a huge risk given how things are going right now.
Buying the dip here. $4.43 is way too low for a company with this much potential.
I keep wondering if they should cut some of those fourteen brands to survive. Seems bloated.
Sixty percent down? That is brutal. I hope the turnaround plan actually works for the employees.