Stellantis CEO Targets Small Pickups for US Turnaround
Stellantis CEO Antonio Filosa outlined plans for small pickups and affordable vehicles under forty thousand dollars to drive a US turnaround. The automaker aims for profitability next year and billions in cash flow by 2028.
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STELLANTIS NV CEO Antonio Filosa announced plans on Wednesday afternoon to launch compact pickups and seven vehicles priced under $40,000 in the United States. The automaker is attempting a sweeping turnaround following a $26.3 billion loss last year. Filosa reconfirmed expectations for a modest revenue increase this year and aims to generate more than 3 billion euro in cash flow by 2028.
