Core Insights - The new CEO of Stellantis, Antonio Filosa, has initiated a review of the company's long-term strategic plan, which was originally set by former CEO Carlos Tavares in March 2022, aiming to double net sales by 2030 and maintain a double-digit operating profit margin [2][3] - Stellantis has faced significant operational challenges in the US and Europe, leading to the abandonment of annual targets and the departure of the previous CEO [2][3] - Filosa's leadership is seen as a potential turning point for Stellantis, with a focus on quality products and improved execution as key priorities [3][4] Strategic Review - The existing "Dare Forward 2030" plan includes ambitious targets for electric vehicle sales, aiming for 100% in Europe and 50% in the US, alongside increasing new market sales to over 25% of total sales [3] - Recent adjustments to Stellantis' electric vehicle strategy include the abandonment of full electrification plans for certain brands and delays in the launch of key electric models [3][7] - Filosa has set four main priorities for Stellantis, with the strategic review being a crucial component to prepare for future growth [3][4] Leadership and Culture - Filosa emphasizes the importance of a unified identity for Stellantis, moving away from previous brand identities of FCA and PSA, and aims to foster a culture of respect and open communication [4][6] - His extensive experience in the automotive industry, including leadership roles in North and South America, positions him well to navigate the challenges ahead [6] Market Performance - Stellantis reported a global sales decline of 4.99% in 2024, with significant drops in key markets: Europe down 5.01%, North America down 14.31%, and China down 29.23% [7] - The company's revenue in North America fell to €63.5 billion, with an adjusted operating profit margin of only 4.2% [7] Strategic Focus Areas - To address declining sales and profitability, Filosa is expected to focus on cost control and brand management, potentially streamlining the portfolio to concentrate resources on high-potential brands like Jeep and Peugeot [8] - There is a pressing need for increased investment in electric vehicle development and battery technology to enhance product offerings and market competitiveness [9] - Collaborations with tech giants for advancements in autonomous driving and connectivity are seen as essential for improving customer experience and boosting sales [9] Future Outlook - Filosa's leadership will be tested as he implements strategic adjustments and works to unify the company culture, with industry experts hopeful that his tenure will lead to a successful transformation for Stellantis [9]

Core Viewpoint - Stellantis N.V. has appointed Antonio Filosa as the new Chief Executive Officer, effective June 23, 2025, following a comprehensive search process led by the Board of Directors [1][3][4]. Group 1: Leadership Transition - Antonio Filosa will assume CEO powers on June 23, 2025, and an Extraordinary Shareholder Meeting will be held for his election to the Board as an executive director [2][3]. - The Board's decision to select Filosa was based on his extensive experience in the automotive industry, with over 25 years of hands-on success and a deep understanding of the company [4][8]. - John Elkann will continue as Executive Chairman during this transition, and Filosa will announce Stellantis' new leadership team upon taking office [7]. Group 2: Filosa's Background and Achievements - Filosa has previously served as Chief Operating Officer for the Americas and Chief Quality Officer, leading Stellantis in both North and South America [2][5]. - Under his leadership, the FIAT brand achieved a market-leading position in South America, and he significantly grew the Peugeot, Citroën, Ram, and Jeep brands [5][6]. - He played a key role in establishing the Pernambuco plant, one of South America's largest automotive hubs, and successfully launched Jeep in Brazil, making it a leading market for the brand outside the U.S. [5][6]. Group 3: Industry Context - The appointment of Filosa comes at a crucial time for the global automotive industry, which is undergoing significant transformation [8][9]. - Filosa emphasized the importance of the company's heritage and commitment to innovation, stating that the legacy of Stellantis' iconic brands will be vital for future success [9].