Stellantis Launches €60 Billion Turnaround Plan With 20% Europe Capacity Cut
STLA•Stellantis announced a €60bn five-year investment to restore profitability, aiming to cut annual costs by €6bn by 2028 and boost sales from €154bn to €190bn by 2030. The plan prioritizes four brands, cuts European capacity by 800,000 units (20%) and targets 35% US volume growth.
1. Investment Plan Details
Stellantis will invest €60 billion over five years to restore profitability, targeting €6 billion in annual cost savings by 2028 and raising group sales from €154 billion to €190 billion by 2030.
2. Brand Prioritization
The automaker will allocate 70% of the planned investment to Jeep, Ram, Peugeot and Fiat, leveraging their multi-regional presence to introduce new global platforms and drive growth.
3. European Capacity Reduction
Production capacity in Europe will be trimmed by 20%, equating to 800,000 fewer vehicles annually, achieved through plant repurposing and partnerships without any closures.
4. North America Growth Targets
North America is targeted for a 35% volume increase, supported by seven new models priced below $40,000 and two under $30,000 to enhance affordability and market share.
