Stellantis says it can beat its €2.4 billion cost-savings goal for 2027
Stellantis CEO Antonio Filosa said the carmaker is confident of exceeding its 2027 savings milestone, supporting cash flow. Reuters reported the third-quarter results.
- published on Newsmetry
- original source published
the same feed is available to bots and dashboards through the api. connect the api →
what happened
Stellantis CEO Antonio Filosa said on Wednesday that the company is confident it can beat its cost-saving target for next year, which would support cash generation in 2027. He spoke as he presented third-quarter results, which showed a rise in operating income, according to Reuters.
Earlier this year Filosa launched a group-wide efficiency and cost-cutting plan aimed at delivering a total of €6 billion ($6.7 billion) in savings by 2028. He told reporters the company will exceed its milestone of €2.4 billion in savings in 2027. Earlier the same day, Stellantis said it was on track to deliver at least 40% of the €6 billion in run-rate efficiencies by the end of 2026.
Exchange rate: $1 = 0.8993 euros.
why it matters
For investors, savings forecasts matter because they shape expectations for the automaker's margins and free cash flow. Confirmation that cost targets are on track is usually read by the market as a positive signal for the company's shares.
market impact
Stellantis shares: savings above plan support expectations for free cash flow
- Stellantis shares pressure up — savings above plan support expectations for free cash flow
tags
instruments
sources
- Stellantis can exceed €2.4 billion cost-savings target, CEO says — Reuters, 28 October 2026 at 12:44 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
alerts on your topics, the morning digest and the api — in your account.
get stories in real time ↗