3 days ago
3
Reuters
Thu, May 21, 2026 astatine 6:35 AM CDT 1 min read
AUBURN HILLS, Michigan, May 21 (Reuters) - Stellantis acceptable retired a caller 60 cardinal euro ($70 billion) concern program connected Thursday that includes 60 caller car models by 2030 - from combustion engine to afloat electrical vehicles - caller investments successful technology, associated ventures with different carmakers and amended usage of its manufacturing capacity.
The Franco-Italian carmaker said it would besides refocus its sprawling 14-brand portfolio, with 70% of marque and product investments going to Jeep, Ram, Peugeot and Fiat, arsenic good arsenic commercialized conveyance portion Pro One due.
CEO Antonio Filosa's pitch aboriginal connected Thursday to investors astatine the group's superior markets time connected Auburn Hills, Michigan, is simply a large displacement successful the carmaker's strategy.
The world's No. 4 automaker seeks to crook its structural disadvantage of having acold excessively much unused mill capableness into a revenue-generating contract manufacturing concern for Chinese automakers in Europe and different carmakers similar Tata Motors portion JLR successful the United States.
($1 = 0.8615 euros)
(Reporting by Nora Eckert successful Auburn Hills, Giulio Piovaccari successful Milan and Gilles Guillaume in Paris; penning by Giulio Piovaccari; Editing by Susan Fenton)
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