Brief: Stellantis will exceed cost saving target for 2028, CFO says
28/10/2026 12:51
BRIEF-Stellantis will exceed cost saving target for 2028, CFO says Oct 28 (Reuters) - Stellantis STLAM.MI top executives tell analysts in a post-earnings call:
CEO: ON TRACK TO REALIZE MORE THAN 2.4 BILLION EUROS IN COST SAVINGS IN 2027
CEO: TIMELY ACTION ON CO2 FLEXIBILITY AND MADE IN EUROPE FRAMEWORK ESSENTIAL FOR LEVEL PLAYING FIELD
CFO: CAPEX TO REPRESENT 6.5% OF NET REVENUES IN 2026
CEO: OUTLOOK ASSUMES NO PRODUCTION DISRUPTIONS IN CANADA DURING ONGOING LABOR NEGOTIATIONS WITH UNIFOR
CFO: THE 6 BILLION EUROS RUN RATE SAVINGS SEEN FOR 2028 AND BEYOND WILL BE EXCEEDED
CEO: WE FIRMLY BELIEVE THAT A DEAL ON 'MADE IN EUROPE' IS CLOSE AFTER FRENCH-GERMAN AGREEMENT
Further company coverage: STLAM.MI
(Reporting by Milan Newsroom)