Stellantis chief executive Antonio Filosa has reaffirmed the carmaker’s 2026 guidance and longer-term cash-flow targets, despite its US shares falling to an all-time low.
The company is targeting a mid-single-digit percentage increase in net revenue next year, alongside an adjusted operating margin in the low single digits. It also expects to become cash-flow positive by 2027.
“We are completely committed and we are convinced that we will do that,” Mr Filosa said of the 2026 guidance during an Automotive News event in Detroit.
Stellantis is aiming to generate more than €3 billion in free cash flow in 2028. The automaker recorded a free cash-flow loss of €4.5 billion last year.
Shares closed at $4.43 on Tuesday after falling 4.1 per cent during the session, marking a new closing low for the company’s US-listed stock. The shares have lost almost 60 per cent so far this year, putting them on course for their weakest annual performance since Stellantis was formed through the merger of Fiat Chrysler and PSA Groupe in January 2021.
The transatlantic group is pursuing a turnaround plan worth roughly $70 billion after years of falling sales and pressure on margins, particularly in North America and the US.
Mr Filosa, who became chief executive in June 2025, said the strategy would focus on regional brands including Ram and Jeep in the US. Stellantis does not plan to reduce its portfolio of 14 automotive brands.
The plan also includes new investment, stronger partnerships, changes to the manufacturing footprint and tighter management of the brand portfolio, alongside greater authority for regional and local teams.
“The mantra of the reset is around freedom of choice,” Mr Filosa said. “It’s around listening more to the customer.”
