Business

Stellantis Unveils Major Turnaround Plan

Updated 2026-05-23 14:05 UTC 1 source Positive

Stellantis CEO Antonio Filosa presented a $70 billion strategic plan aimed at achieving positive cash flow by 2028. The initiative includes targets for cost reduction and efficiency improvements.

Coverage timeline — 3 articles

CNBC

Stellantis unveils $70 billion turnaround plan, targets positive cash flow by 2028

Stellantis CEO Antonio Filosa unveiled a new five-year strategic plan Thursday worth 60 billion euros (US$69.7 billion).

2026-05-21 11:53 UTC

CNBC

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IEA Executive Director Fatih Birol said the single most important solution to the Iran war energy shock is the unconditional reopening of the Strait of Hormuz.

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CNBC

Billionaire families bet on semiconductor and energy stocks in first quarter during Iran war

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