Stellantis rebounds on the stock exchange, analysts open to plan

Stellantis rebounds on the stock exchange (+3.19%) the day after the industrial plan. For the market, 2030 is practically another era, and the financial targets of Stellantis' 'FastLane 2030' plan appeared unattractive to analysts. More useful were the shorter-term targets: the confirmation of the 2026 guidance and the intermediate targets to 2028, which were above the consensus, such as the return to positive cash flow in 2027. All factors that could lead to an appreciation of the stock.

However, in a context in which, in several areas of the world, overall volumes will remain more or less stable over the next few years, the focus is on CEO Antonio Filosa's ability to complete the ambitious project of launching 60 new models, to expand presence in segments where the group's brands are not present, and to see sales grow. Considering also that the group's two main hubs, North America and Europe, are moving at different speeds. Filosa assured that no plants in Italia or Europe will be closed: 'We will be able to improve our production capacity, reducing it by 800,000 units, without closing any plant, neither in Italia nor in other European countries, simply because we are able to share capacity with our partners,' starting with Leapmotor and DongFeng, to which others could be added. Leapmotor might find space in Mexico and perhaps Canada, certainly not in the United States, where 'growth will occur through a broadening of the range, introducing products in segments where we do not have any'. If the United States is travelling fast, with Ram's growth considered one of the keys to the success of the new strategy, Italia is watching - with the appreciation of the Minister of Enterprise and Made in Italy, Adolfo Urso, and the concerns of the trade unions - the execution of the specific plan. According to Filosa, 'everything is in place, and we are doubling down, basically at Atessa with large investments, with an additional Alfa Romeo and at Pomigliano' with the e-car project, Filosa specified, emphasising that 'we have brought mass production back to Mirafiori with the Fiat 500 hybrid' which is having 'a production climb', and 'we have improved production with new models at Melfi, including the Jeep Compass, the Lancia Gamma and a Ds model'. For Alfa Romeo, while projects on the new Stelvio and Giulia are being finalised - with the current versions in production until 2027 - there will be a C-Suv to be produced in Melfi, the new fuoriserie and also a third model to be built on the Stla One platform. On Cassino, which 'has a future', it will be necessary to wait for the Maserati plan in December 2026, because the Lazio plant is linked to the prospects of the Trident.