robotics / news / / CP24 Toronto
Stellantis outlines a 60 billion euro (US$70 billion) turnaround plan built on 60 new models.
Stellantis plans to transform excess factory capacity into contract manufacturing for Chinese and other automakers.
KEY POINTS
- 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
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