Stellantis announced a €60 billion ($70 billion) business plan on May 21, aiming to launch 60 new car models by 2030. The Franco-Italian carmaker plans to refocus its portfolio, with 70% of investments going to Jeep, Ram, Peugeot, Fiat, and commercial vehicle unit Pro One. CEO Antonio Filosa will pitch the strategy later on May 21 to investors at the group's capital markets day in Auburn Hills, Michigan.
Key Takeaways
Stellantis announced a €60 billion ($70 billion) business plan to launch 60 new car models by 2030, focusing on key brands like Jeep and Peugeot. The strategy includes reviving U.S. sales and partnering with Chinese automakers for contract manufacturing.
- Stellantis unveils $70B plan for 60 new models by 2030
- Company targets 25% revenue growth in North America by 2030
- Europe's EV demand surges due to high fuel prices, with sales up 34% year-on-year in April
Stellantis seeks to turn unused factory capacity into a revenue-generating contract manufacturing business for Chinese automakers in Europe and other carmakers like Tata Motors unit JLR in the United States. The company has earmarked €24 billion for investments in global platforms, powertrains, and new technologies, while targeting €6 billion in annual cost cuts by 2028 versus its outlays in 2025.
Meanwhile, demand for electric vehicles (EVs) across Europe surged due to high fuel prices linked to the Iran war. According to multiple reports, fully electric car sales grew 30% in 2025. Octopus Electric Vehicles registered a remarkable 95% increase in demand for new EVs and a 160% rise for used EVs during the same period. Gurjeet Grewal, CEO of Octopus Electric Vehicles, commented on this trend:
'This isn’t a blip, it’s an inflection point.'
Stellantis is focusing on reviving its U.S. sales and tightening its portfolio as part of a new long-term strategy. The company aims to leverage partnerships with Chinese firms to bolster its market position. Unlike his predecessor Carlos Tavares, Filosa has shown a willingness to focus on money-making brands and outsource technology development to firms like self-driving startup Wayve.
Ford also announced plans to launch seven new models in Europe by 2029, including five passenger cars such as a small electric car and a small electric SUV. Ford criticized Europe’s push towards electric vehicles, stating that 'CO2 targets must reflect actual consumer demand' and that legislation should support plug-in hybrids and extended-range electric vehicles instead of just fully electric cars.
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