Stellantis CEO Reaffirms 2026 Guidance as U.S. Shares Hit All-Time Low

Stellantis CEO Antonio Filosa reaffirmed the automaker's 2026 financial guidance on Wednesday, even as its U.S. shares closed at a record low of $4.43 on September 29, down 4.1% for the day. The stock has lost nearly 60% year to date, its worst showing since Stellantis was formed in January 2021 through the merger of Fiat Chrysler and PSA Groupe. Speaking at an Automotive News event in Detroit, Filosa said the company remains "completely committed" to targets including mid-single-digit net revenue growth and a low-single-digit adjusted operating income margin, plus positive industrial free cash flow by 2027 and more than €3 billion by 2028. The reaffirmation follows second-quarter net profit of €293 million, reversing a €1.87 billion loss a year earlier. Net revenues rose 13% to €43.5 billion on a 32% North America jump, while adjusted operating income hit €773 million. The 1.8% margin missed analyst estimates, and Stellantis projected full-year net tariff headwinds of €1.0 billion to €1.2 billion.