Cars

Stellantis Fastlane 2030: 60 billion to strengthen the group. Filosa: we will not close plants in Italia and Europe

The five-year plan focuses on innovation, global platforms and brand reorganisation to drive the automotive group's growth and profitability.

by Simonluca Pini

(Reuters/Benoit Tessier)

4' min read

Translated by AI
Versione italiana

4' min read

Translated by AI
Versione italiana

The era of Antonio Filosa comes to a head with the presentation of Fastlane 2030, a five-year, EUR 60 billion industrial plan to accelerate growth and profitability, simplify the operating model and direct capital towards areas of higher return. Because after Carlos Tavares' farewell in December 2024 and the subsequent appointment of Italy's Antonio Filosa, analysts, shareholders and employees were anxiously waiting to find out what the future of the world's fourth-largest automotive group would look like. After saying goodbye to the Dare Forward 2030 plan announced in 2022, Stellantis is making a clear U-turn on 100% electric and showing Auburn HIlls a future based on six pillars: more focused brand management, investment in global platforms and technologies, partnerships, optimising industrial footprint, excellence in execution and strengthening regions.

60 new vehicles and 60 billion investment

Reversing the 100% electric trend does not mean goodbye to lithium-ion cars but on the contrary a real multi-energy strategy, eliminating follies of the past such as electric pick-ups and goodbye to the historic V8 Hemi for the American market. In total, Stellantis envisages more than 60 new vehicles and 50 significant upgrades by 2030: 29 battery electrics, 15 plug-ins or range extenders, 24 hybrids and 39 thermal or mild hybrids. Turning to the total investment of EUR 60 billion, 60 per cent, or EUR 36 billion, will go to brands and products, while the remaining 40 per cent, or EUR 24 billion, will go to global platforms, powertrains and technologies. "Fastlane 2030 is the result of months of disciplined work across the company and is designed to drive long-term profitable growth," Filosa said. "Each Stellantis brand will play a clear role in delivering on our Fastlane 2030 commitments," the ceo added, emphasising customer centricity, value, accessibility and 'win-win' partnerships.

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Four global brands, Jeep, Ram, Peugeot and Fiat

The plan redefines the management of the brand portfolio. Jeep, Ram, Peugeot and Fiat will become the group's four global brands, which together with Pro One will receive 70 per cent of the investments in brands and products. Chrysler, Dodge, Citroën, Opel and Alfa Romeo will be regional brands, while DS and Lancia will be developed as specialised brands, managed by Citroën and Fiat respectively. Maserati will remain in pure luxury, with two new E-segment models and a detailed roadmap expected in Modena by December 2026. New products coming to the US include Range Extender technology on large suvs and pick-ups and the return of the V8 Hemi.

E-Car produced in Pomigliano d'Arco

The Campania plant will house the Stellantis group's future E-Cars, including the Fiat Pandina and Citroen 2 Cavalli. For now, no information other than a starting price of less than 15,000 euros and all-electric motorisation.

Three global platforms

On the industrial and technology front, Stellantis will invest over 24 billion in global platforms, powertrains and new technologies. By 2030, 50% of annual global volumes will be produced on three global platforms, including the new STLA One: designed to maximise synergies and competitiveness. The first platform from Stellantis to integrate STLA Brain, STLA SmartCockpit and steer-by-wire technology, the STLA One platform will be compatible with 800-volt technology, accommodate more Lithium Iron Phosphate batteries to support accessibility and reduce exposure to critical raw materials, and will have a cell-to-body design with battery integrated into the vehicle structure to reduce cost, weight and complexity while optimising capacity. By 2030, nearly 50 per cent of global annual volumes will be equipped with multi-regional propulsion solutions, with energy flexibility built into the product portfolio.

Chinese cars produced in Europe

With Leapmotor, through its 51% subsidiary Leapmotor International, Stellantis aims to strengthen commercial, purchasing and industrial cooperation, starting with the sharing of capacities in the Madrid and Zaragoza plants. With Dongfeng, the group launches a new phase of the Dpca joint venture in China to produce two Peugeots and two Jeeps destined for China and other regions, and intends to create a European joint venture, 51% controlled, with an initial project in Rennes.

More productive plants by 2030

In Europe, the plan is to reduce capacity by more than 800,000 units through reconversions, such as Poissy in France, and partnerships in Madrid, Zaragoza and Rennes. The goal is to increase plant utilisation from 60% to 80% by 2030, while preserving employment levels in manufacturing. In the US, the increase in production is expected to bring capacity utilisation to 80% in 2030.

Filosa: we will not close plants in Italia and Europe

"We will not close plants in Italia and Europe. We are able to reduce the production capacity by 800,000 units without closures because we are able to share the production capacity with our partners'. Stellantis CEO Antonio Filosa said this during the press conference at the end of Investor Day. Filosa recalled all the investments planned in the Italian plants: 'We have relaunched mass car production in Mirafiori, we will produce Alfa Romeo in Melfi and e-cars in Pomigliano. We will invest in Atessa. The Italia plan is on the right track'.

In particular, Filosa specified that the Cassino plant 'has a future. It will be seen with the Maserati plan that we will present in December'. "Maserati is also an element of industrial success for Cassino," explained Filosa. "We will talk in Modena in December about Maserati's overall strategy, value creation, the customers Maserati wants to serve and what we will do about Cassino. We are working hard to be ready in December on Maserati and, consequently, on Cassino".

Car development time 40 to 24 months

Speed and efficiency are crucial to survive in today's automotive market. Stellantis has understood this and has decided to go from 40 to 24 months to develop a car and to generate EUR 6 billion in annual cost reductions by 2028 through the Value Creation Programme. The plan is to return to positive cash flow by 2027, while the full financial targets will be announced at the Investor Day financial session.

Income growth

On a regional level, North America is aiming for revenues +25% and Aoi margin of 8-10%, with 11 new models, volumes up 35%, seven new products under $40,000 and two under $30,000.Wider Europe is aiming for revenues +15% and Aoi margin of 3-5%, with an offensive in the C-segment, a new affordable urban electric E-Car produced in Europe from Pomigliano d'Arco, and increased capacity utilisation. In South America the group is aiming for revenues +10% and margin 8-10%; in the Middle East and Africa for revenues +40% and margin 10-12%.

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