Stellantis Goes All-In On EVs, Platforms And Cost Cuts In Sweeping $70 Billion Overhaul (CORRECTED) (opens in new tab)

Editor’s note: This story has been updated to correct the year for Stellantis’ free cash flow target. Stellantis (NYSE:STLA) announced a new five-year strategic plan on Thursday, committing to a €60 billion ($69.7 billion) investment. CEO Antonio Filosa announced at the automaker’s investor day that he aims to achieve annual cost savings of €6 billion (about $6.5 billion) by 2028. The plan involves allocating €36 billion (about $39 billion) to launch over 60 new vehicles and major refreshes of 5