On the Dash:
- Stellantis is holding its 2026 guidance, with positive industrial free cash flow expected in 2027.
- Industrial free cash flow targets reach 3 billion euros in 2028 and 6 billion by 2030.
- North America gets 60% of a 36 billion euro product investment under the FaSTLAne 2030 plan.
Stellantis is holding to its 2026 guidance, which calls for a mid-single-digit percentage increase in net revenue. The automaker also expects a low-single-digit adjusted operating income margin, according to its second-quarter financial results.
Industrial free cash flow is expected to improve this year. That includes about 2 billion euros in cash payments tied to second-half 2025 charges. Stellantis expects industrial free cash flow to turn positive in 2027.
First-half net revenue reached 81.6 billion euros, up 10% from a year earlier. The adjusted operating income margin was 2.1%, up 140 basis points. Industrial free cash flow was a loss of 921 million euros, a 69% improvement. Consolidated shipments rose 11% to 2.958 million units. The company also held its full-year guidance when it reported those results in July.
“The second quarter was marked by continued progress, led by North America and supported by important contributions from all other regions,” CEO Antonio Filosa said in a company statement.
Stellantis set longer-term targets at its investor day in May. The company is aiming for 3 billion euros of industrial free cash flow in 2028. It targets 6 billion euros a year by 2030. Industrial free cash flow was a loss of 4.5 billion euros in 2025. Stellantis also targets a consolidated adjusted operating income margin of 7% by 2030.
Those goals sit inside the FaSTLAne 2030 strategic plan, which commits more than 60 billion euros over five years. About 24 billion euros of that goes to global platforms, powertrains and technologies. The plan includes more than 60 new vehicle launches and 50 significant refreshes through 2030. Stellantis also targets 6 billion euros in annual cost savings by 2028.
Four global brands, Jeep, Ram, Peugeot and Fiat, receive 70% of brand and product investment. Chrysler, Dodge, Citroën, Opel and Alfa Romeo are managed as regional brands. DS and Lancia are specialty brands, and Maserati operates as a luxury brand.
The plan rests on six pillars:
- Sharpen and simplify the brand portfolio
- Allocate capital to the areas with the highest returns and develop global assets
- Develop strong partnerships
- Optimize the manufacturing footprint
- Drive disciplined execution
- Empower regions to develop tailored plans
North America carries the largest share of the investment. The plan allocates 60% of a 36 billion euro product investment to the region. Stellantis targets 25% revenue growth and 35% more volume in North America, along with 11 all-new vehicles. The company is aiming for an adjusted operating income margin of 8% to 10% in the region by 2030.
