Stellantis stock under pressure as automaker tries to woo Wall Street
Stellantis CEO Antonio Filosa speaks at an event on November 25, 2025 in Turin, Italy.
Daniele Mascolo | Reuters
DETROIT — Stellantis CEO Antonio Filosa has said leading the transatlantic automaker is a dream come true, but the company’s shares have been anything but that so far for investors in his short tenure.
Stellantis’ shares have fallen nearly 30% since Filosa, a veteran of the top-tier Italian startup, was appointed CEO almost a year ago. It’s down nearly 21% since he officially took over as CEO last June.
It marks the next important step for Filosa and his management team, who on Thursday announced a turnaround plan for the embattled automaker during a capital markets day at Stellantis’ North American headquarters near Detroit.
Filosa promised investors that the day would “outline the next phase of our strategy with clear priorities, clear objectives and a roadmap focused on execution.”
The strategy he and others will present this week is expected to focus regionally on major brands such as Jeep and Ram in the US and Fiat and Peugeot in Europe, detailing how they plan to cut costs and laying out how the company aims to return to profitability after last year’s net loss of 22.3 billion euros ($26.3 billion).
“It was my dream to take over Stellantis… but at the time, I realized with my team that there were still things that needed to be fixed,” Filosa said. Finance Times last week’s incident. “We’re fixing these at lightning speed, and I truly believe we’ll share at our investor day on May 21 that we have a clear path ahead for sustainable and comfortable growth.”
Stellantis’ shares have been listed on the New York Stock Exchange since Antonio Filosa was announced as CEO on May 28, 2025.
Stellantis’ struggles
The path is not so clear for Wall Street. The automotive industry as a whole faces concerns about: artificial intelligence, the growth of Chinese companies and US tariffs, while Stellantis continues to fix its own problems.
The automaker has lost market share in recent years and often has contentious relationships with its suppliers and dealers. It has also withdrawn from most of its previous electric vehicle plans, and last year’s results included a 22 billion euro ($26 billion) restructuring from all-electric vehicles.
Stellantis did not provide detailed guidance for 2026, other than that targeting mid-single-digit improvements in net revenues, low-single-digit adjusted operating income margins and improving industrial free cash flows.
“In our opinion, [capital markets day] It may make strategic headlines, but without structurally higher margins and a reliable path to cash generation, it is unlikely to justify the current recovery premium,” BofA Securities analyst Horst Schneider said in an investor note last week that downgraded the automaker to underperform.
Schneider said improvements in the company’s first-quarter results proved that initial restructuring efforts under Filosa were “starting to help” but “did not deliver a sustainable return.”
Despite the decline in share prices and BofA’s downgrade, shares of Stellantis remain overweight ahead of the investor event, according to the average of analyst ratings compiled by FactSet.
‘Year of execution’
The investor event is expected to showcase the automaker as a growing company after years of market share declines. Former CEO Carlos Tavares, according to Filosa and other executives.
Since becoming CEO, Filosa has reshuffled the automaker’s upper ranks, prioritizing sales growth and, most recently, announcing global cost-cutting efforts to increase profits and expand partnerships, including with Chinese automakers. He described 2026 as the company’s “execution year.”
Jeep vehicles seen at the New York International Auto Show on April 2, 2026.
Danielle DeVries | CNBC
“Implementation will be set for 2026. Our priorities are clear and we are confident that the steps we are taking are exactly the right ones,” he said in the company’s first-quarter earnings call on April 30.
Filosa said last week that partnerships such as the recently announced deals with Chinese automakers Leapmotor and Dongfeng Group will be key to the automaker’s growth outside the United States.
automobile manufacturer announced Wednesday It was expanding its partnership with Dongfeng from manufacturing vehicles in China to a new joint venture based in Europe for the sales, distribution, production, procurement and engineering of Dongfeng’s electric vehicles.
Filosa did not elaborate on the cost-cutting plan, officially called the Value Creation Program, but said it would have “ambitious” targets focused mainly on North America and Europe.
The company’s 14 automobile brands are expected to be the focus of the event. That includes expanding the performance SRT brand, which has been hugely profitable for the company, as well as potentially launching new products for the beleaguered Chrysler brand, Stellantis executives said recently.
Filosa had previously not ruled out regionally refocusing or narrowing the company’s broad portfolio, which includes US brands Jeep, Ram and Chrysler, as well as Italian brands Fiat and Alfa Romeo, which have not performed well in America.
Finally, Filosa said that brands are the strength of the company, but they should not be treated equally when it comes to investing in them.
“The key is to combine efficient capital allocation with brand-specific strategies,” Filosa said at the FT event last week.
