HomeBusiness2026 is the ‘year...

2026 is the ‘year of execution’ amid turnaround plan

Stellantis CEO Antonio Filosa speaks during an event in Turin, Italy, Nov. 25, 2025.

Daniele Mascolo | Reuters

DETROIT — Stellantis CEO Antonio Filosa views 2026 as an execution year for the embattled maker of Jeep, Ram and Dodge vehicles in the U.S. after years of market share declines.

Filosa has been undertaking a turnaround plan since he was named CEO in May. So far, his plans have included prioritizing the company’s Jeep and Ram brands in the U.S. as well as undoing many decisions his predecessor Carlos Tavares made to focus on all-electric vehicles.

“The strategy that we have in front of us is a strong one and will lead us to growth if we execute well,” he told reporters Wednesday during the Detroit Auto Show. “So, I believe it’s a year of execution.”

Filosa, wearing a Jeep vest over a white button-down shirt, said this year is a “first step” in remaking the company, which was formed five years ago through a merger of Fiat Chrysler and French automaker PSA Groupe.

He declined to discuss specifics, adding that his executive team will lay out a detailed future strategy for the automaker at a capital markets day in the first half of this year.

Filosa did not rule out the possibility of regionally refocusing or shrinking the company’s vast portfolio of brands that also include Italian nameplates Fiat and Alfa Romeo, which have not performed well domestically.

Filosa said he does believe that the company wants “to stay together” following some Wall Street speculation in recent years that it would be better to sell off assets or brands.

“We are building a culture,” Filosa said.

Filosa said the next step in the company’s plans will come next week during a meeting with more than 200 company executives that will focus on the company’s capital markets day as well as company culture and 2026 execution.

“We are a global company with strong regional roots,” Filosa said, referring to one of three guiding cultural principles he’s attempting to instill in the company. The others are being customer focused and working together.

Stellantis’ global sales under Tavares fell 12.3% from 6.5 million in 2021 — the year the company was formed — to 5.7 million in 2024. That included a roughly 27% collapse in the U.S. in that period to 1.3 million vehicles sold. The automaker dropped from fourth in U.S. sales to sixth, falling from an 11.6% market share to 8% during that time frame.

Source link

- A word from our sponsors -

spot_img

Most Popular

More from Author

Budget Session Of Parliament 2026 Live Updates: Lok Sabha, Rajya Sabha Bills Today Latest News

Budget Session Of Parliament 2026 Live Updates: As Parliament prepares to...

NBA fan made to eat his own tweet after unlikely prediction comes true

Your support helps us to tell the storyFrom reproductive rights to...

How do they work, what do they cost and are they noisy?

Andrew Aitchison/Getty ImagesThe government's Warm Homes Plan promises £15bn to help...

- A word from our sponsors -

spot_img

Read Now

Budget Session Of Parliament 2026 Live Updates: Lok Sabha, Rajya Sabha Bills Today Latest News

Budget Session Of Parliament 2026 Live Updates: As Parliament prepares to assemble for the Budget Session on January 28, the government is signalling a tightly focused agenda anchored around President Droupadi Murmu’s address, the Economic Survey and the presentation of the Union Budget on February 1. Parliamentary...

NBA fan made to eat his own tweet after unlikely prediction comes true

Your support helps us to tell the storyFrom reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines...

How do they work, what do they cost and are they noisy?

Andrew Aitchison/Getty ImagesThe government's Warm Homes Plan promises £15bn to help UK households pay for green technologies such as heat pumps, as part of its efforts to drive down energy bills and cut planet warming emissions.Heating homes accounts for about a fifth of the UK's planet-warming emissions,...

Ye, formerly known as Kanye West, apologizes for antisemitic remarks and cites brain injury

Ye, the artist formerly known as Kanye West, apologized for antisemitic remarks he made in the past and said a brain injury he suffered in a car accident 25 years ago led to his bipolar disorder diagnosis.In a full-page ad in the print...

2026 Renault Duster unveiled in India with ADAS technology: Check engine options, key features, expected price and more | Auto News

2026 Renault Duster price: Renault has finally unveiled the Duster in India in its third-generation form. Pre-bookings for the new Duster are currently open at Rs 21,000, with prices expected to be announced by the company in March. The estimated pricing suggests that it could likely range...

Navya Naveli Nanda turns heads in ivory corset and sharara |

Navya Nanda captivated with her understated elegance in an ivory Tamanna Punjabi Kapoor ensemble. The structured corset and flowing sharara offered a perfect blend of modern and traditional, proving that sophisticated style doesn't require ostentation. Navya Nanda’s latest look is proof that you don’t need drama...

Tuya Smart Aura AI pet robot offers interactive play sessions and treats

NEWYou can now listen to Fox News articles! Tuya Smart just introduced Aura, its first AI-powered companion robot made for pets.Aura is designed specifically for household cats and dogs, with AI trained to recognize their behaviors, movements and vocal cues. The idea behind Aura is...

New ChatGPT model, GPT-5.2, caught fetching content from Musk’s Grokipedia: Investigation

ChatGPT-generated content's authenticity has been questioned after a recent investigations have uncovered that the latest version of ChatGPT, GPT-5.2,...

Why Trump’s Reversal on Greenland Still Leaves Europe on Edge

new video loaded: Why Trump’s Reversal on Greenland Still Leaves Europe on EdgeAndrew Ross Sorkin, editor at large of DealBook, describes how leaders at the World Economic Forum in Davos remain on edge after President Trump, for now, backed down from threats of using tariffs or military...