Stellantis will exceed cost-saving target for 2028, CFO says
STLA•Stellantis’ CFO said the company expects to exceed its 6 billion euro annual cost-savings run rate target for 2028 and beyond.
1. Savings outlook
Stellantis’ CFO said the company expects to exceed the 6 billion euro run-rate savings target for 2028 and beyond. The CEO said Stellantis is on track to realize more than 2.4 billion euros in cost savings in 2027.
2. Other outlook details
The CFO said capital expenditure will represent 6.5% of net revenues in 2026. The CEO said the outlook assumes no production disruptions in Canada during ongoing labor negotiations with Unifor, and said a deal on the “Made in Europe” framework is close after a French-German agreement.
