According to the Financial Times, Stellantis announced a major turnaround strategy that includes launching 60 new vehicle models this decade and investing €60 billion in products and technology under new CEO Antonio Filosa.
The company plans to keep all of its factories open while expanding partnerships with Chinese automakers including Leapmotor and Dongfeng. Stellantis will focus most of its investment on core brands such as Jeep, Ram, Peugeot, and Fiat, with 29 fully electric vehicles planned.
Filosa is also pushing to revive Stellantis’ North American business by reintroducing popular gasoline-powered models and increasing plant utilization while speeding up vehicle development cycles to better compete with fast-moving Chinese rivals.
