Stellantis (STLA) Announces $70 Billion Turnaround Plan for 2028
Published on Β· Source: cnbc.com
AI Summary
Summarized by AI from the source belowStellantis (STLA) announced a five-year strategic plan, investing β¬60 billion (approximately $69.7 billion) to achieve positive free cash flow by 2028. The plan includes β¬36 billion dedicated to launching over 60 new vehicles and refreshing 50 models. A further β¬24 billion will focus on global platforms and new technologies. The company aims to achieve β¬6 billion in annual cost savings by 2028 and is consolidating operations of its DS and Lancia units into Citroen and Fiat, while maintaining all 14 automotive brands.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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