Key Facts
• September 11: Stellantis CEO Antonio Filosa shared updates on U.S. tariff discussions.
• New business plan framework being developed, set for release in the first half of 2026.
• Stellantis sold 1.2 million vehicles in the U.S. last year, over 40% were imports.
• Imports from Mexico and Canada face a 25% tariff under Trump-era policies.
• North American sales and profits declined, with €9 billion ($10.6 billion) cash loss since 2024.
• Excess inventory led to the dismissal of former CEO Carlos Tavares.
• Filosa emphasized the U.S. market as a top priority and plans to launch new models.
• Inventory levels have returned to a “very healthy” state, according to Filosa.
Summary
Stellantis CEO Antonio Filosa revealed progress in discussions with the U.S. administration regarding tariffs, describing the talks as “very productive.” The company is preparing a new business plan, expected in early 2026, to address evolving trade conditions. Last year, over 40% of Stellantis’ 1.2 million U.S. vehicle sales were imports, primarily from Mexico and Canada, which are subject to a 25% tariff under Trump-era policies. Despite recent challenges, including declining sales, profits, and a €9 billion cash reduction, Filosa highlighted the U.S. market as a priority and announced plans to introduce new models to attract customers. Inventory levels, previously problematic, have now stabilized to a healthy state.
