Stellantis CEO Filosa to unveil plan, stock slides 30%
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- Stellantis stock is down nearly 30% since Filosa was named CEO almost a year ago and 21% since he officially started in June.
- Filosa will unveil a turnaround plan at a capital markets day on May 21 at Stellantis’ North American headquarters near Detroit.
- Stellantis’ plan will focus on Jeep and Ram in the U.S., Fiat and Peugeot in Europe, and aims to restore profitability after a €22.3 bn net loss last year.
- BofA Securities analyst Horst Schneider downgraded Stellantis to underperform, noting that Q1 restructuring helped but does not prove a sustainable turnaround.
- Stellantis stock remains overweight in analysts’ ratings ahead of the investor event, despite the recent price decline and downgrade.
Why it matters: Shareholders lose value as the stock is down 30% since Filosa's appointment; the cost‑reduction roadmap targeting mid‑single‑digit revenue growth and low‑single‑digit operating margins for 2026 aims to boost free cash flow and preserve jobs at Jeep and Ram plants.
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