Stellantis CEO Prepares to Unveil Turnaround Plan as Stock Slides 30%
CNBC reported Wednesday that Stellantis CEO Antonio Filosa will present a formal Stellantis turnaround plan to investors on Thursday. Shares of the transatlantic automaker have shed nearly 30% since Filosa was appointed to the top job roughly a year ago.
Filosa Promises a Clear Road Map
The capital markets day is being held at Stellantis’ North American headquarters near Detroit. Filosa has pledged the event will deliver defined priorities, measurable targets, and a concrete execution schedule.
His strategy is expected to centre on building regional strength around flagship nameplates. Jeep and Ram will be the focus in North America. Fiat and Peugeot will anchor the European push.
Filosa told attendees at a Financial Times event last week that he inherited a company with problems still to be solved. He said his team has been addressing those issues rapidly and expressed confidence that a clear growth path will be laid out at the investor day.
A Year of Heavy Losses and Restructuring
The backdrop for Thursday’s presentation is difficult. Stellantis posted a net loss of 22.3 billion euros (roughly $26.3 billion) in 2025. A significant portion of that figure reflected a major restructuring away from all-electric vehicle commitments.
Under former CEO Carlos Tavares, the automaker lost meaningful market share and strained relationships with dealers and suppliers across key markets. Filosa has reshuffled senior leadership since taking charge and signalled a broader pivot back toward combustion and hybrid products.
The company has offered only limited 2026 guidance, targeting mid-single-digit net revenue gains, low-single-digit adjusted operating margins, and better industrial free cash flow.
Wall Street Remains Cautious
Not all analysts are convinced the investor day will deliver a catalyst. Horst Schneider at BofA Securities downgraded Stellantis to underperform ahead of the event, arguing that first-quarter improvements show early restructuring traction but fall short of proving a durable recovery.
Schneider wrote that without a credible path to structurally higher margins and stronger cash generation, the stock’s current valuation looks stretched.
Despite that downgrade, the average analyst rating compiled by FactSet still sits at overweight heading into Thursday’s event.
Industry Headwinds Complicate the Picture
Stellantis is not navigating its internal challenges in isolation. The broader auto sector faces pressure from US tariff policy, the rapid expansion of Chinese manufacturers, and uncertainty around the pace of AI-driven disruption in vehicle technology.
Filosa has described 2026 as the company’s “year of execution.” Thursday will test whether Wall Street agrees the work is already underway.
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