Speaking with Bloomberg Television on Monday in Paris, CEO Antonio Filosa dismissed the idea of splitting European brands from US nameplates, calling it "not plausible at all." He also said the company is "not at all" considering selling the Maserati sportscar marque. Filosa said he's been reassessing how the group spends across its lineup, since several brands target similar mass-market customers.
Filosa's blueprint keeps the full stable of 14 brands intact and anchored to common engineering. Stellantis builds core systems for its vehicles on a global basis, including powertrains and the computing architecture, and each brand layers its identity on top of that shared platform. The aim now, he said, is to tighten day-to-day execution: "We need to keep working day by day on our execution." After posting another loss last year, the company "already crossed the point to be profitable again."
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In Paris, Stellantis showcased more than 60 models from eight brands, including nine concept cars, spread across a stand roughly equal in area to an American football field. That's a notable change for a company that had previously pulled back on auto show spending. New metal included an all-electric Citroën 2CV that uses technology supplied by Chinese partner Zhejiang Leapmotor Technology Co. Also this year, Stellantis said it plans to deepen its relationship with Dongfeng Motor Corp. According to Filosa, having multiple Chinese partners gives the company options to tackle extra manufacturing capacity in Europe without shutting plants.
Stellantis shares in Milan have fallen nearly 60% this year, making it the worst-performing stock in the Stoxx 600. The automaker, created in 2021 by merging Fiat Chrysler with France's PSA Group, is leaning on shared tech and partnerships to stretch capital while it contends with overlapping brands and European overcapacity. For your wallet, the headline isn't a breakup story. It's whether the company can keep improving execution and turn that common tech playbook into faster launches and sturdier margins.
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