Stellantis can exceed €2.4 billion cost-savings target, CEO says
STLA•Stellantis CEO Antonio Filosa said the automaker expects to exceed its €2.4 billion cost-savings milestone for 2027, supporting cash flow generation that year. Stellantis is targeting €6 billion in total savings by 2028 and says it is on track to implement at least 40% of those run-rate efficiencies by the end of 2026.
1. Savings target
Stellantis CEO Antonio Filosa said the company expects to exceed its €2.4 billion cost-savings milestone for 2027. The company introduced a group-wide efficiency plan earlier this year that aims to deliver €6 billion in total savings by 2028.
2. Efficiency plan
Stellantis said it was on track to implement at least 40% of the €6 billion in run-rate efficiencies by the end of 2026. Filosa said the savings would support cash flow generation in 2027.
