Car prices are poised to come down.
Major global outlets, citing a Reuters report, say Stellantis is charting a sharp strategic turn under its newly appointed CEO, Antonio Filosa. According to insiders, Filosa moved quickly in his first days on the job to reverse the course set by his predecessor, Tan Waes, launching what one source described as an “emergency intervention” to revive the automaker’s operations in both North America and Europe. The new priority isn’t maximizing profit at all costs — it’s regaining market share. To do that, Stellantis is pouring money back into affordable models aimed at winning back customers who walked away amid steep price increases.
Under Tan Waes’s strategy, the company focused on cutting expenses and raising sticker prices. Those decisions did deliver a short-term boost in margins, but they ultimately cost Stellantis a substantial portion of its customer base. The result: Tan’s departure, followed by a weak 2024 in the U.S., where Stellantis sales tumbled 15% even as the broader passenger-vehicle market grew 2.2% over the same period. Dealers faced severe inventory shortages, worsening the automaker’s position — a troubling development, given that North America has long been the company’s most important profit center.
Filosa is now reviewing the outlook for all 14 brands in the Stellantis portfolio — from Fiat and Peugeot to Maserati, Opel, Citroën, and Lancia — to determine which ones merit long-term investment. Sources close to the company say the revised strategy abandons the previous leadership’s aggressive EV agenda: Stellantis will no longer provide direct funding for autonomous-driving or hydrogen programs, shifting its attention back to “core markets,” with the United States at the top of that list.
As part of the reset, the company is scrapping its pledge to reach 100% EV sales in Europe by 2030, as well as its target of generating half of all U.S. sales from electric vehicles. Executives now say the refreshed lineup will be built around steady, sustainable growth supported by seasonal model updates.
And despite continued speculation about a potential Maserati sell-off, Stellantis has officially denied the rumors. Company representatives insist the Italian luxury marque is not on the chopping block.