Stellantis unveiled a new €60 billion ($70 billion) business plan on Thursday, targeting 60 new car models by 2030, ranging from combustion engines to fully electric vehicles. The plan includes new technology investments, joint ventures, and better use of manufacturing capacity.
The Franco-Italian automaker will refocus its sprawling 14-brand portfolio, directing 70% of brand and product investments to Jeep, Ram, Peugeot, and Fiat, as well as its commercial vehicle unit Pro One.
CEO Antonio Filosa’s pitch to investors at the capital markets day in Auburn Hills, Michigan, marks a major strategic shift. The world's No. 4 automaker aims to turn its structural disadvantage of excess factory capacity into a revenue-generating contract manufacturing business for Chinese automakers in Europe and other carmakers like Tata Motors' unit JLR in the United States.
