Stellantis Unveils $70B Turnaround Plan, Stock Drops
Stellantis announced its "FaSTLAne 2030" turnaround plan, focusing investment on Jeep, Ram, Peugeot, and Fiat brands. The automaker targets €6 billion in annual cost savings by 2028. Despite the ambitious strategy, the company's stock price fell following the announcement.
Key facts
- Stellantis unveiled the 'FaSTLAne 2030' turnaround plan.
- The plan concentrates investment on Jeep, Ram, Peugeot, and Fiat.
- Targets €6 billion in annual cost savings by 2028.
- The stock price declined after the announcement.
Entities
Institutions
- Stellantis
Sources
- Quartz —