Stellantis CEO reconfirms 2026 guidance, says turnaround plan continues as automaker's shares hit new low

DETROIT — Stellantis CEO Antonio Filosa on Wednesday reconfirmed the company's 2026 guidance and longer-term cash-flow targets as U.S. shares of the embattled automaker trade at an all-time low. "We are completely committed and we are convinced that we will do that," Filosa said Wednesday about Stellantis' 2026 guidance of a mid-single-digit percentage increase in net revenue and a low-single-digit adjusted operating margin. Filosa also reconfirmed the company is aiming to be cash flow positive by next year and generate more than 3 billion euros of free cash flow in 2028. The stock closed Tuesday at $4.43 a share, down 4.1% during the day's trading session. That was a new closing low for the company's U.S.