# Stellantis outlines a 60 billion euro (US$70 billion) turnaround plan built on 60 new models.

*robotics · news · 2026-05-21 · CP24 Toronto*

## Key points

- Stellantis plans to transform excess factory capacity into contract manufacturing for Chinese and other automakers.
- Seventy percent of brand investments will focus on Jeep, Ram, Peugeot, Fiat, and the Pro One commercial unit.
- Stellantis will outsource expensive technology development, partnering with firms like self-driving startup Wayve.
- The new strategy includes six billion euros in annual cost cuts by 2028 and a strong focus on key brands.

**Companies:** Stellantis, Tata Motors
**Countries:** France, Italy, China, United States

[Read the full story on CP24 Toronto](https://www.cp24.com/news/money/2026/05/21/stellantis-bets-us70-billion-on-new-model-blitz-tie-ups-to-revive-growth/)

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