Stellantis Stock Hits Record Low as CEO Vows Turnaround Will Work

Stellantis, the car giant behind brands like Jeep, Ram, Fiat and Chrysler, is going through a rough patch — and its stock price shows it.

The company's U.S. shares (small pieces of ownership in the company that people buy and sell) recently fell to their lowest price ever. Despite this, CEO Antonio Filosa is trying to reassure investors that the company's comeback plan is working.

Here are the key numbers:

• The stock closed at just $4.43 per share, down 4.1% in a single day
• Shares have lost nearly 60% of their value so far this year
• This is on track to be the company's worst year since it was formed in 2021
• Last year, the company had a free cash flow loss of 4.5 billion euros (free cash flow is the money left over after paying all bills and investments — a negative number means it spent more than it made)

Filosa reconfirmed the company's 2026 guidance (a forecast of how the business expects to perform). He expects:

• A mid-single-digit percentage increase in net revenue (total money earned from sales)
• A low-single-digit adjusted operating margin (the percentage of profit left after covering the cost of running the business)
• To become cash flow positive by 2027 (meaning it earns more cash than it spends)
• To generate over 3 billion euros of free cash flow by 2028

Stellantis has faced falling sales for years, especially in North America. In response, it launched a massive $70 billion turnaround plan — a strategy to fix the business. The plan focuses on strengthening popular local brands (like Jeep and Ram in the U.S.), making smarter investments, and listening more closely to customers.

The bottom line: While the stock is at rock bottom, management is betting that its recovery plan will pay off over the next few years. Whether investors regain confidence remains to be seen.

This is an AI-generated summary. Read the original article at: https://www.cnbc.com/2026/09/30/stellantis-guidance-turnaround-plan.html