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Stellantis commits to keep all plants open, partners with rivals to reignite growth

Financial Times Companies •
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Stellantis CEO Antonio Filosa unveiled a five‑year plan that keeps all 14 brands operational and pledges no factory closures. The strategy hinges on €60 bn of investment in products and technology, aiming to roll out 60 new models, 29 of which will be fully electric, by 2030.

Filosa targets 70 % of the spend on Jeep, Ram, Peugeot and Fiat, positioning them as the group’s growth engines. The remaining brands—Chrysler, Citroën, Dodge, Opel and Alfa Romeo—will benefit later, once the core labels reach profitability and scale, and expand into new markets, while reinforcing supply chain resilience in Asia.

The plan follows a €22 bn charge tied to rapid EV expansion, signaling a shift toward electrification. Filosa also announced partnerships with China’s Leapmotor and Dongfeng, and India’s Tata and Jaguar Land Rover, to share technology, platforms, and production capabilities across borders, and reduce development costs for all brands globally.

By keeping plants running and leveraging cross‑border alliances, Stellantis aims to stabilize earnings and regain market share in Europe and the US. The €60 bn investment, coupled with new EV models and strategic partnerships, positions the automaker to compete more aggressively against rivals like Volkswagen and Toyota in the coming years.