Core Viewpoint - Stellantis is delaying the unveiling of its new strategic plan to the second quarter of 2026 to address uncertainties in key markets, particularly due to rising trade barriers in the U.S. and evolving regulations in the EU [1][2]. Group 1: Strategic Plan Delay - The new strategic plan's unveiling has been postponed from Q1 2026 to H1 2026 to better address critical exogenous factors such as U.S. tariffs and engagement with European policymakers [2]. - CEO Antonio Filosa, who took over in June, faces significant challenges, including a projected €1.5 billion ($1.73 billion) impact from U.S. tariffs in 2025 [3]. Group 2: Market Conditions and Management Changes - In 2022, over 40% of the 1.2 million vehicles sold by Stellantis in the U.S. were imports, primarily from Mexico and Canada, which are subject to a 25% tariff [3]. - Filosa has recently reshuffled the management team, promoting close associates to key positions, indicating a strategic pivot within the company [3][6]. Group 3: Financial Performance and Market Reaction - Stellantis shares fell by 7.3% following the announcement but rebounded by 2.9% the following Monday, reflecting market volatility and investor sentiment [5]. - Barclays analysts noted increasing investor interest in Stellantis, citing positive elements such as U.S. market share in September and order momentum, but also cautioned about the limited visibility on adjusted operating income and free cash flow [5][6].