Stellantis overhauls strategy, announces sweeping changes to business

Stellantis will unveil its new strategic plan, 'FaSTLAne 2030,' on May 21, aiming to reverse a $26 billion loss in 2025 after abandoning its EV-heavy 'Dare Forward 2030' initiative. The plan includes a $70 billion cash injection, with 70% of investments directed toward four brands: Ram, Jeep, Fiat, and Peugeot. By 2030, Stellantis will introduce 60 new vehicles, including 29 electric models, 15 plug-in hybrids, and 24 hybrids, while reducing European production by 800,000 units while preserving jobs. The overhaul follows the resignation of former CEO Carlos Tavares, with Antonio Filosa, former Jeep boss, now leading the company. Filosa has already restructured leadership and will present the new strategy to investors. The plan includes a $28 billion tech investment over five years, focusing on autonomous driving (STLA AutoDrive) and vehicle computing (STLA Brain). Stellantis will expand partnerships, including a joint venture with Chinese automaker Dongfeng and continued collaboration with Jaguar Land Rover and Tata Motors. In the U.S., the company plans to increase manufacturing capacity utilization to 80% by 2030, backed by a $13 billion investment announced last October. Meanwhile, Middle East and Africa plants aim for full capacity. The company will accelerate product development cycles to 24 months, down from 40, to launch vehicles faster. Labor adjustments include preserving jobs despite reduced European production, reflecting a shift toward efficiency and targeted growth.