Stellantis CEO Antonio Filosa speaks during an event in Turin, Italy, Nov. 25, 2025.
Daniele Mascolo | Reuters
DETROIT — Stellantis CEO Antonio Filosa on Wednesday reconfirmed the company’s 2026 guidance and longer-term cash flow targets as U.S. shares of the embattled automaker trade at an all-time low.
“We are completely committed and we are convinced that we will do that,” Filosa said Wednesday about Stellantis’ forecast for this year of a mid-single-digit percentage increase in net revenue and a low-single-digit adjusted operating margin.
Filosa also reconfirmed the company is aiming to be cash flow positive by next year and generate more than 3 billion euros ($3.4 billion) of free cash flow in 2028.
The stock closed Tuesday at $4.43 a share, down 4.1% during the day’s trading session. That was a new closing low for the company’s U.S. shares and contributed to a nearly 60% loss so far this year. The stock is on track for its worst annual performance since the automaker was formed through the merger of Fiat Chrysler and PSA Groupe in January 2021.
The trans-Atlantic automaker has been executing a roughly $70 billion turnaround plan following margin dilution and yearslong sales declines, especially in North America and the U.S.
Filosa’s turnaround strategy has included focusing on regional brands to boost sales, such as Ram and Jeep in the U.S., but it is not cutting down its vast portfolio of 14 automotive brands. The plan’s core pillars are “sharper management” of the brand portfolio, new investments, enhanced partnerships, an optimized manufacturing footprint, “excellence in execution,” and empowerment of the company’s regions and local teams.
RBC Capital Markets analyst Tom Narayan on Tuesday in an investor note said despite public comments to keep the company together, the firm views a “break-up as a plausible longer-term scenario” for Stellantis.
The goal is for the company to achieve positive free cash flow by 2027. Free cash flow for the automaker was a loss of 4.5 billion euros last year.
“The mantra of the reset is around freedom of choice,” Filosa, who became CEO in June 2025, said Wednesday during an Automotive News event in Detroit. “It’s around listening more to the customer.”
