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

Stellantis CEO Antonio Filosa speaks during an event in Turin, Italy, Nov. 25, 2025.Daniele Mascolo | ReutersDETROIT — 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. shares and contributed to a nearly 60% loss so far this year. The stock is on track for its worst annual performance since the automaker was formed through the merger of Fiat Chrysler and PSA Groupe in January 2021.The transatlantic automaker has been executing a roughly $70 billion turnaround plan following margin dilution and yearslong sales declines, especially in North A...