economy
January 19, 2026
Stellantis stock off 43% as Jeep maker turns five, executes turnaround
Stellantis shares were largely up – as high as 93% in March 2024 – until reporting troubling financial results that year amid cost-cutting efforts and EVs.
TL;DR
- Stellantis shares are down significantly since its 2021 merger.
- New CEO Antonio Filosa is implementing a turnaround plan focused on U.S. market share for Jeep and Ram.
- The company's EV push and associated cost-cutting efforts have led to troubling financial results.
- Filosa is altering or eliminating previous plans, including a reduced focus on electric vehicles.
- Filosa aims to repair relationships with dealers, suppliers, and unions, which were strained under the previous CEO.
- A meeting of over 200 executives is scheduled to discuss future strategy, capital markets, and company culture.
Continue reading the original article