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Stellantis has announced a new five-year plan involving an investment of nearly $70 billion. The plan, named 'FaSTLAne 2030,' aims for positive free cash flow by next year and includes the introduction of over 60 new vehicles. CEO Antonio Filosa highlighted the potential for sales growth in North America, particularly for the Chrysler and Ram Trucks brands.
- ▪Stellantis plans to invest nearly $70 billion over the next five years.
- ▪The company aims to achieve positive free cash flow by next year.
- ▪The plan includes the introduction of over 60 new vehicles and updates to 50 existing models.
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Stellantis unveiled a new five-year plan yesterday that involves nearly $70 billion in investment. The carmaker is aiming to have positive free cash flow by next year.As CNBC's Michael Wayland reports, the Jeep parent expects to introduce more than 60 new vehicles and update 50 models under the plan, which it dubbed "FaSTLAne 2030." That list of new releases includes crossovers under the Chrysler brand, which currently only produces minivans. Stellantis is targeting 35% sales growth in North America by 2030, driven by 60% growth in Chrysler and Ram Trucks. Speaking at a press conference following the company's investor day, CEO Antonio Filosa also said he sees potential to bring Chinese-branded cars to Mexico and Canada — but not the U.S.
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