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2 weeks ago

Stellantis unveils $70B turnaround strategy with 60 new models

Stellantis on Thursday announced a $70 billion turnaround strategy that aims to refocus the automaker on core brands, partnerships and more efficient use of factory capacity.The investment is over five years and includes the production of 60 new models by 2030, including a mix of internal combustion engine, hybrid and fully electric vehicles.The pivot marks a shift under the leadership of new CEO Antonio Filosa to more external partnerships for Stellantis – the parent company of brands such as Chrysler, Jeep, Dodge and Ram."The plan is grounded in reality," Filosa told investors at the company...