Stellantis unveils $70 billion turnaround plan, targets positive cash flow by 2028
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Stellantis CEO Antonio Filosa announced a comprehensive five-year strategic plan on Thursday, aimed at transforming the automotive giant with an investment of 60 billion euros (approximately US$69.7 billion). This ambitious initiative, revealed during a press conference, is designed to enhance the company's competitiveness in the rapidly evolving automotive market. Filosa emphasized the importance of innovation and sustainability as key drivers of the plan, which seeks to address the growing demand for electric vehicles and advanced technology integration. The strategic roadmap outlines specific goals and initiatives that Stellantis intends to implement over the next five years, positioning the company to adapt to changing consumer preferences and regulatory landscapes.
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Stellantis unveils $70 billion turnaround plan, targets positive cash flow by 2028
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