Stellantis (STLAM) Jefferies Global Industrials Conference 2026 summary

Strategic plan and financial targets

• FaSTLAne 2030 aims for 8–10% AOI margin and €3B free cash flow by 2028, supported by €60B investment and up to 60 new products across all regions.

• The first three years focus on recovery (2026), partial maturity of cost-saving initiatives (2027), and full maturity with €6B run-rate savings plus new product launches (2028).

• Confident in being on track for key milestones, including positive free cash flow in 2027 and €3B in 2028.

Operational gaps and improvement initiatives

• Identified three main gaps versus competitors: product coverage, cost, and quality.

• Product coverage in North America to rise from 55% to 90% by 2028.

• Cost gap addressed through the Value Creation Program (VCP), targeting €2.4B savings in 2027 and €6B in 2028.

• Quality turnaround plan already delivering 38% improvement in North America and 24% in Europe.

Regional strategies and regulatory environment

• USMCA renegotiation addressed by localizing production in the US, Mexico, and Canada to reduce tariff exposure and comply with future regulations.

• Engaged in constructive dialogue with European regulators on CO2 and Made in Europe regulations, expecting meaningful changes by late 2024 or early 2025.

• Light commercial vehicle CO2 regulation and level playing field for European manufacturing are key focus areas.