Stellantis CEO Antonio Filosa reaffirmed the company’s 2026 financial outlook despite the automaker’s shares reaching record lows in the U.S. Filosa emphasized that Stellantis remains confident in achieving a mid-single-digit percentage growth in net revenue and a low-single-digit adjusted operating margin this year. He also highlighted the company’s objective to become cash flow positive by 2027 and to generate over 3 billion euros ($3.4 billion) in free cash flow by 2028. These comments were made during an Automotive News event in Detroit amid intense market pressure.

The company’s shares have been under significant strain, recording a roughly 60% loss this year and setting a new closing low at $4.36 per share. This decline marks the worst annual performance since the formation of Stellantis through the merger of Fiat Chrysler and PSA Groupe in January 2021. The stock continued to slide, closing 1.58% lower following the negative market sentiment surrounding the turnaround challenges and ongoing execution risks.

Stellantis is currently implementing a $70 billion turnaround plan aimed at reversing years of declining sales and margin erosion, particularly in North America. The strategy focuses on sharpening management of the group’s 14 automotive brands, enhancing regional operations, and boosting sales of key brands like Ram and Jeep in the U.S. Filosa’s approach also involves investing in new technologies and partnerships, optimizing manufacturing footprints, and emphasizing accountability at the regional level to revive growth and operational efficiency.

Some analysts, such as RBC Capital Markets’ Tom Narayan, have speculated that despite public assurances about maintaining Stellantis’ broad brand portfolio, a future breakup of the company remains a possible scenario. Filosa, who took over as CEO in June 2025, has stressed the importance of “freedom of choice” and listening closely to customer preferences as guiding principles for Stellantis’ reset efforts. The goal remains to restore profitability and strengthen the automaker’s competitive position over the coming years.