DETROIT — Stellantis chief executive Antonio Filosa on Wednesday stood by the automaker’s 2026 guidance and its longer-term cash flow targets, even as the company’s U.S. shares traded at an all-time low.
Filosa said he remains confident the company will deliver a mid-single-digit percentage increase in net revenue and a low-single-digit adjusted operating margin this year. “We are completely committed and we are convinced that we will do that,” he said Wednesday.
He also reiterated that Stellantis intends to become cash flow positive next year and to generate more than 3 billion euros ($3.4 billion) in free cash flow in 2028.
The stock closed Tuesday at a fresh low for its U.S. shares, part of a decline of roughly 60% so far this year. The performance puts the company on track for its worst annual showing since it was created through the January 2021 merger of Fiat Chrysler and PSA Groupe.
The shares fell again on Wednesday, ending the session 1.58% lower at $4.36.
The trans-Atlantic carmaker has been carrying out a turnaround plan valued at about $70 billion following margin dilution and years of falling sales, especially in North America and the United States.
Filosa’s strategy has centred on regional brands to lift sales, including Ram and Jeep in the U.S., while keeping the company’s 14 automotive brands intact. He said the plan’s core pillars are “sharper management” of the brand portfolio, new investments, enhanced partnerships, an optimized manufacturing footprint, “excellence in execution,” and greater empowerment of regional and local teams.
In an investor note on Tuesday, RBC Capital Markets analyst Tom Narayan wrote that despite public comments about keeping the company together, the firm views a “break-up as a plausible longer-term scenario” for Stellantis.
The company is targeting positive free cash flow by 2027. Its free cash flow was a loss of 4.5 billion euros last year.
“The mantra of the reset is around freedom of choice,” said Filosa, who became CEO in June 2025, speaking Wednesday at an Automotive News event in Detroit. “It’s around listening more to the customer.”
COMMENTS