Stellantis slides after $70 billion strategy plan

Stellantis NV

21/05/2026 14:29

** Carmaker Stellantis STLAM.MI falls as much as 7.4% in Milan as its new 60 billion-euro ($70 billion) plan to 2030 leaves investors focused on execution, even as margin guidance topped expectations in several regions, including North America

** The strategy update includes plans for 60 new car models by 2030, new technology investments, joint ventures with other carmakers and better use of its manufacturing capacity

** "Targets are long-dated as feared, placing emphasis on intermediate steps and execution that will need to be addressed throughout the day," says Jefferies

** It also highlights the lack of free cash flow guidance, with the Franco-Italian group set to disclose 2030 financial targets later on Thursday

** JPMorgan also points to regional margin guidance above analyst consensus, with targets of 8-10% and 3-5% in the key markets of North America and Europe, respectively

** Shares hit their lowest since end-March before paring losses. Last down 3.9%, bringing YTD losses to around 35%

($1 = 0.8618 euros)

 (Reporting by Enrico Sciacovelli, Danilo Masoni)

 ((Danilo.Masoni@TR.com; Reuters Messaging: danilo.masoni.thomsonreuters.com@reuters.net))