Stellantis is lining up an investment topping €1 billion, or $1.16 billion, to launch a new van in France, according to people with knowledge of the plan who asked not to be named. The company behind Peugeot and Fiat intends to modernize its Hordain factory in the north and fund research and development at other sites in France to support the vehicle. When contacted by Bloomberg, a Stellantis spokesperson declined to comment.
Parts of the build that are currently outsourced are expected to be brought back into Stellantis as the company leans on more automation to lift Hordain's efficiency, the people said. The spending plan is likely to calm unions that have voiced concerns about the plant's future.
Antonio Filosa, who became CEO more than a year ago, is reworking Stellantis's European network while preparing to introduce dozens of new models, tackling overcapacity, and cutting spending tied to loss-making operations. The automaker builds Ram pickup trucks in the US as well and last year sold about 1.65 commercial vehicles worldwide. The company is targeting €6 billion in savings each year by 2028 and is turning to partnerships with Zhejiang Leapmotor Technology Co. and Dongfeng Motor Corp. to channel more work into under-used facilities in Rennes, France, and in Spain.
He also said last month that all 12 of the company's manufacturing sites in France will remain open. Still, profitability came under strain in the second quarter, with the key US market also feeling the pinch. The regulatory backdrop in the European Union, particularly for vans, is another headwind.
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By 2030, Stellantis's Pro One commercial-vehicle unit intends to introduce 11 new or revamped models.
More automation, plant reshuffles, and new models are all about lowering costs and keeping factories humming. If Stellantis delivers on those savings and fills idle capacity, it shores up the case for steadier cash generation even with tougher EU rules and a softer US backdrop. For everyday investors, consistent execution on a leaner footprint is what can turn a turnaround plan into real-world results.
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